Do you worry about a 1987-like crash?
- Thread starter deviltrader
- Start date
Doesn't look any different than the last 4 Oct-Dec moves.....
Doesn't look any different than the last 4 Oct-Dec moves.....
Thats what the voices in your head are telling you...
In every "crash" I can think of the trend was already negative, e.g. 87, 97 even 9-11 (who knew??
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The killer will be the unexpected event ala dirty bomb, etc that hits when markets are on the upswing and there is no forewarning. Except, of course, for Cheney & Co.
The only way to avoid this is to be hedged at all times.
)The killer will be the unexpected event ala dirty bomb, etc that hits when markets are on the upswing and there is no forewarning. Except, of course, for Cheney & Co.
The only way to avoid this is to be hedged at all times.
Crashes tend to come after parabolic rises. It is almost as if the overconfidence and euphoria from the bulls serves as fuel for the decline.
The more they go up, the harder they fall.
The market has gone up solidly since last summer, but I would hardly call it euphoria.
I can see a garden variety 10-20% bear market caused by a weaker economy, but not an '87 crash.
The more they go up, the harder they fall.
The market has gone up solidly since last summer, but I would hardly call it euphoria.
I can see a garden variety 10-20% bear market caused by a weaker economy, but not an '87 crash.
Pull up the 1966 charts I posted here a while ago.
Uh, circuit breakers. Read all about it. I asked the question at the beginning of the year if we would trigger breakers this year.
Now that N. Korea is scared shitless and contained I think any confrontation with Iran will result in breakers being hit. They have the assets in place to shut down the straights in a minute and they will. Grinding halt to the global econemy. I presently put the probabilities at 75% by the end of the year. Hope I am wrong.