Big stock market sell-off this week?

Quote from stock_trad3r:

the buyers are gonna fill the gap easily

no bad news or anything ...just more the ol' subprime ****

GOOG and GS good plays today
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nice call once again $$


you rock !!
 
Quote from logikos:

This was one of the points of my initial post. The sell-off a few weeks back was quick to be discounted by the financial talking heads. It started in Asia, it is perfectly normal in an uptrend, market outlook still looks bright, blah blah blah.

Being that most in this forum are perma-bulls, there is little room for a pessimistic outlook. But for those who have studied market action last week, one had to notice the lack of follow-through on any buying activity. Lots of selling near the close on rally days. This tells me that sentiment has changed.

If there is any single important stock market fact that a trader should never forget, it is that the performance of a stock, or the market as a whole, is more closely tied to GROWTH than any other fundamental or technical facet.
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Not too keen on the financial system of this country and most of the world, huh? Can't see to recollect what happened the last time emerging markets took a serious correction? Having a hard time with the concept of asset inflation?

Use the right unit of measure and you will see that there never was a bull market. Yet the perma bears can't stop shorting.

I'm crossing my fingers for another sell-off, too many quality names bounced back with force.
 
Quote from Hydroblunt:


I'm crossing my fingers for another sell-off, too many quality names bounced back with force.
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Exactly!

I'd love to see the quality names get hit (maybe 20% of the market). That'd represent a great buy opportunity.

A lot of the others will head lower.
 
Traders are having 'subprime fatigue' as the result of being bombarded with constant headlines about subprimes for the past two weeks. The news no longer has an effect especially condering the subprime mess is confined to..um..well companies that deal subprime loans like NEW and LEND.
 
Quote from stock_trad3r:

Traders are having 'subprime fatigue' as the result of being bombarded with constant headlines about subprimes for the past two weeks. The news no longer has an effect especially condering the subprime mess is confined to..um..well companies that deal subprime loans like NEW and LEND.
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Right.

And everything that is bought to fill new and existing homes, like furniture, dishwashers, paint, and lawnmowers is immune.

It will be sooo contained.
 
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