Is that guy with the green face in Dances with Wolves?
Can you belive the close today 10-27-08
- Thread starter Aaron Copland
- Start date
Is that guy with the green face in Dances with Wolves?
Bad news becomes good news when it isn't as bad as anticipated.
they go in through the tear-duct in the eyes now
no unsightly scars...
Can you believe the close today 10-27-08?
If I take the Opening Price as 8228, the illustration above, made before todays market began, demonstrates that markets are technical. As shown the Close today was between 20 to 165 points down on the Opening Price (9.30am YM), specifically 96 points down on the Opening Price taking the YM Close as 8132 (INDU Close 8175).Quote from Cheese 10-27-08:
This Monday is so far gap down when the previous close was also down. On the last 4 occasions of Mondays being gap down with the previous close down, the Close on the day has been between 20 to 165 points down on the Opening Price (9.30am YM).
Quote from Cheese:
Can you believe the close today 10-27-08?
If I take the Opening Price as 8228, the illustration above, made before todays market began, demonstrates that markets are technical. As shown the Close today was been between 20 to 165 points down on the Opening Price (9.30am YM), specifically 96 points down on the Opening Price taking the YM Close as 8132 (INDU Close 8175).
excellent call! should have listened to you
The bottom in no where in sight, wouldn't even consider a long position until at least February!
Hey! Don't laugh! I'm there, I'm tellin' ya!
When marketwide P/E's hit 12, we're turning right then. I mean it.
("Oh, hold on a second...")
Unless the era of consumerism, Reganomics, spendism, and supply side comes to an end all recoveries will be 'v' shaped and the dow should revisit 14,000 within 15 months or so.
Contrary to the boo hoo hoo losers from such sites as slopeofhope consumer aren't going to save more. Thats not the American way. Wages, income, and productivity will keep rising. Consumer spending will not slow down at all (or only very slightly).
Still four more days of trading this week. The markets have been flat for the past three weeks so it's not like the risk/reward ratio for going short is that great. All the econ data released so far has been inline or better than expected. So the real question to ask now is why is the market down so much when things aren't really that bad?
Contrary to the boo hoo hoo losers from such sites as slopeofhope consumer aren't going to save more. Thats not the American way. Wages, income, and productivity will keep rising. Consumer spending will not slow down at all (or only very slightly).
Still four more days of trading this week. The markets have been flat for the past three weeks so it's not like the risk/reward ratio for going short is that great. All the econ data released so far has been inline or better than expected. So the real question to ask now is why is the market down so much when things aren't really that bad?