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Curious flattery here.. don't any of you Americans believe he was a traitor and should have died in prison?

23rd time lucky? :)

Nothing will change. Human psychology will always be the same and people will continue to be driven by fear and greed. Look at market history if you want to know the future.

Markets will always be driven by fear and greed. When people are feeling optimistic they focus on the news that justifies their greed, and vice versa. At any point in history, any crash was followed by regulation to make sure a crash never happened again. See how that worked out. People...

:) That really is the best analogy I've heard for how the market lures you in. Each time you think it's going to be different..

Abe had gone way beyond QE. He was printing money and using it to purchase stocks directly. Look what happened.

TA cannot be statistically validated unless you combine it with trade management strategy. For example, a useful indicator will probably fail in the large majority of cases but catch a huge move when it works. This means you need logic for managing stops. In fact this combination of TA and...

Totally agree. It's the long term structure that matters (but having a common vocabulary does help discussion!)

Your task for this week - look up the meaning of i) Secular bear market ii) Cyclical bull market iii) Dead cat bounce (aka suckers rally) :) And then dig up past data to discover when we were last in a secular bear market.

The major indices spend about 20% of the time going down. Not so rare, actually.

In what time frame?

I like your style - and hope you're right :) My prediction is we break the March 09 lows by the time this bear is finally, finally over..

And you need to look at the stock market between 1968 and 1982 to have some idea of what to expect. I've really got no time for variations on "it's different this time". Ben's money printing is nothing more than a meme which is now close to saturation. At the start of 2000 you would have said...

Indeed, but it's based only on the history of previous bear markets.

The last bull market ENDED in 2000. From that point to the present we have been, and still are, in a secular bear market. When this current bounce (2009-present) collapses, we will ultimately fall below the March 2009 lows.

Fantastic timing, mate. Now is the time to be getting OUT of wall st.

Yes, the saying "there are no old, bold traders" ignores the fact that you can start again after a bankruptcy or two..

Hope so. And that by 2016 America will have woken up to the bunch of Chicago mobsters that Obama and his gang are.

It won't. This is an even stupider bubble than the last one.

THAT's an important point