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Another 1:30 skyrocket to 9,000?
- Thread starter MrDODGE
- Start date
Quote from stock_trad3r:
I am as bullish now about the US economy as I was back in June 2007 when the dow was at 14k.
the US economy hasn't changed at all. There is no correlation between weakening retail sales and a protracted decline in stocks.
Just when I think you can't say anything more stupid..you post the above.
I have dervived possibly the fastest converging 4 term BBP pi formula. When I say the selloff from 14,000 to 9,000 is merely a shakeout it is. Period.
sure looks like the market is getting tired of the bear....however, not sure, at this point whether we have convincing follow thru. what i see instead is a helva lota volatility
i would expect the bull camp to come in with a huge stomping rally....which surprises on the upside
imho, this is not the pattern. i was expecting a rally in the second half.
i would expect the bull camp to come in with a huge stomping rally....which surprises on the upside
imho, this is not the pattern. i was expecting a rally in the second half.
now we're green
market has discounted everything short of armageddon
we could end up another 500 points
the fed's actions are working
need more bailouts, more stimulus,
market has discounted everything short of armageddon
we could end up another 500 points
the fed's actions are working
need more bailouts, more stimulus,
That should tell you something. We've only had very mild recessions since the 90s. If you can't compare this to the 70s and early 80s, there's no meaningful benchmark.
Quote from S2007S:
Worst retail numbers since they started keeping records since the early 1990's.
I actually thought they were going to be worse, -4%-5%.
going vertical into the close again..nice