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The world is awash in debt... to the tune of $250 TRILLION... $21 Trillion in the US, not counting unfunded liabilities, of course. Who repays that? How does it all get resolved? Are we NEVER to balance that out, or do we just keep "running up the tab" until all financials implode? Of course...

Maybe that's not so bad. In the '08, recession... CC balances were closer to $10K. IOW... we're probably in GREAT shape, but we just don't know it.

Market always ignores/deflects negatives "up to a point" at market tops. Then one day, it "takes them to heart". Is that today?

Will be at some point. After all, the financial "players" are making the same mistakes again as before. Can't say with any confidence that it's the start of it "now".

That has always been a sore spot with me. You can graduate from HS and even get an advanced college degree... and never get a class in Personal Finance. Of all the education one can get, what's more basically important? (So, you can conjugate a verb* and solve a quadratic equation*... but you...

Then, how can "2750 be the bottom for 2018"? There has already been a lower one. ?? Or.. did you mean "for the rest of 2018"? If so, should have said that. (IMV... fair chance you're right, BTW.)

Geez, would Powell (or anybody) take the job* knowing it was already planned that he'd be the chump, regardless?? I'm of the mind that Powell is doing the right thing for a number of reasons... like you said, "has to be done". Kudlow spewing, "Trump not dictating policy to the Fed". Really...

LOL! You probably need to look like the former before you can become the latter. :)

"Corrections" can be sideways trading ranges, too. Can even be "running".

"Bottom for 2018"? Did you miss that one @ 2530 in Feb?

Every president wants cheap money... leads to rising stock and RE markets, growing economy (even if inflationary), and happy feelings. Doesn't matter about deficits and the growing national debt... that's a problem desired to be left to the next administration (perpetually?). Trump's no...

Personally, I believe having the correct bias is the #1 most important concern to trading success. When you get into a string of losers, it's almost always because you held the wrong bias.

Disagree. You're always "trading around a bias", even if you don't acknowledge it. (Stated it this way so that we don't have to suffer the dumbass response... "I never have any bias, I just trade.")

Two important lessons for all of us traders.

No way to "identify early". However, you can make a "guess play" at something significant. One such play which is obvious right now (but not "obviously correct" as of yet) is the 2X top in the Dow.

https://www.zerohedge.com/news/2018-10-10/gold-cusp-explosion-higher-tech-crash-coming _______________________________________________________________ Lots of people touting gold as the portfolio savior when the next big crash comes....just as they did last time. Well... gold didn't save...

The REAL "bottom line" on inflation....it's WAAAYYYYY higher than is actually reported. Why? Because those who benefit from it don't want us to fully understand its ramifications and act accordingly. IOW... the "official inflation rates" are just another lie and scam... like just about...

Are you asking about the stock symbol "MCX", or other?

Biden would get the vote of those who like to feel-up women and children. Not sure there are enough of them to carry a presidential election.

Ever expanding and infinite debt is not sustainable. "Debt ALWAYS gets accounted for" by somebody. Quite often the ones who reaped the benefits of debt are not the ones who end up "paying for it". From those who measure that sort of thing... the world is awash in ~$250 TRILLION in debt. Who...