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Black Monday ??
- Thread starter hank rollins
- Start date
Quote from sobemark:
historically, this is setting up just like October of 98' ..
another red flag is the fed .. with signs of inflation, the fed needs to raise rates ..but now, we may be faced with slowing of the economy ... he certainly can't lower ...but now he may not be able to raise either ... at least that is what the bond market is saying ...
don't forget a rallying U.S. dollar is antiinflationary. Care to post more about your '98 analysis.
got this from sentimentrader....take a look at the chart
"The scale on the Stock/Bond Ratio is the number of standard deviations the ratio is from its mean value. The lower the ratio, the more stocks are undervalued against bonds.
As of Friday, stocks hit a level that hadnât been seen since 9/11, exceeding -3 standard deviations. Since 1962, anytime this ratio had gone beyond -3, the S&P was higher one month later more than 75% of the time, with an average return of over +3%. It has been perfect since 1998, going 20 for 20, with an average return of +6.3%."
"The scale on the Stock/Bond Ratio is the number of standard deviations the ratio is from its mean value. The lower the ratio, the more stocks are undervalued against bonds.
As of Friday, stocks hit a level that hadnât been seen since 9/11, exceeding -3 standard deviations. Since 1962, anytime this ratio had gone beyond -3, the S&P was higher one month later more than 75% of the time, with an average return of over +3%. It has been perfect since 1998, going 20 for 20, with an average return of +6.3%."
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Quote from killATwill:
got this from sentimentrader....take a look at the chart
"The scale on the Stock/Bond Ratio is the number of standard deviations the ratio is from its mean value. The lower the ratio, the more stocks are undervalued against bonds.
As of Friday, stocks hit a level that hadnât been seen since 9/11, exceeding -3 standard deviations. Since 1962, anytime this ratio had gone beyond -3, the S&P was higher one month later more than 75% of the time, with an average return of over +3%. It has been perfect since 1998, going 20 for 20, with an average return of +6.3%."
How does it go 20 for 20 when there's only 6 arrows on the chart?
OldTrader
you got me on that one. i was wondering about that.
I am now Long the DOW.
yes its weak and the volume is huge
there is no doubt this market has some serious downside potential
but to hear marketspammer/hankrollins/ and dozens of other aliases pumping his own calls but in reality----- (the ashlee simpson) of elitetrader
call another black monday (after getting smoked last time) seriously makes me consider the timing of future downside
seriously Baron, why do you allow this slug back here after he started the other website directly competing against yours?
there is no doubt this market has some serious downside potential
but to hear marketspammer/hankrollins/ and dozens of other aliases pumping his own calls but in reality----- (the ashlee simpson) of elitetrader
call another black monday (after getting smoked last time) seriously makes me consider the timing of future downside
seriously Baron, why do you allow this slug back here after he started the other website directly competing against yours?
For what is worth, this looks identical like last April. Just like this week it was dropping with daily rate of 1.5-2% . On Monday (3 May) there was a bounce.
Date Open High Low Close Volume Adj Close*
3-May-04 1,409.06 1,428.49 1,404.06 1,415.29 19,324,900 1,415.29
30-Apr-04 1,435.16 1,439.69 1,401.36 1,401.36 21,747,300 1,401.36
29-Apr-04 1,451.40 1,461.13 1,420.66 1,431.36 23,710,700 1,431.36
28-Apr-04 1,475.88 1,476.03 1,449.23 1,453.03 20,374,200 1,453.03
27-Apr-04 1,485.67 1,495.62 1,476.42 1,479.47 19,716,100 1,479.47