Doesn't anyone remember 2000?

[ElCubano]

Quote from pumpanddumper:

Since a lot of people traded through 99' 00', we are all expecting that to happen again and trying to pick tops for a collapse. Wish it was that easy.

Traders are a lot smarter and savvy now. With everyone trying to capitalize on tops and start shorting, you miss it just fueling higher high's.

We know the economy looks like shit on paper but it doesn't matter, it's all emotion. The only way we really drop is an unforseeable event that can't be predicted catching everyone off guard.

Then with the mentality that the FED will save you and just print more money and drop rates keeps the faith for the bull run. Eventually that will burn some looking for a pattern.

Sure, we are due to "re-correct" and the DOW to drop 10-15% but will it?

the top of every bubble has had one of the following.....the barber talking to you about .com and all the millions he has made from it and how is will quit his job, the gardner talking to you about how he will retire from flipping condos....when those things happen is when you see the rug pulled out from under....it is when everyone is making money hand over fist and nothing can stop them from making more is when the freaken bubble blows, when everything looks peachy king...and when everyone one and their mothers are throwing in the towel and crying for mercy and doubling down and then some is when the bottom is found once again....

you just wont know where you are at within all this commotion....

 

[athlonmank8]

Quote from alientrader:

This is the reason why mkts will continue to go up, because you and other fools still remember and keep harping on 2000
when you start forgetting abt it, it will crash

the cycle is not yet complete

REALLY? It really doesn't look that way.

Could have seen this coming from a mile away.

 

[MajorUrsa]

Quote from Joab:

That's ultimately WHY I crossed the river and became a trader.

A mexican jew!? Kewl!

 

[athlonmank8]

Time for all of you morons to learn a hard lesson.

Bash me all you want....it was coming but Im the one making the money

 

[stock_trad3r]

A 1.3% selloff is not a big deal

the smarties will rally it in the last hour anyway

Market goes down a little and all basher shorts are somehow comfusing this with a bear market.

 

[2manywhiners]

Bearish conditions? Maybe, but this is no 2000... The techs burst in the Qs was burning rocket fuel, when it ran out the burst affected unrelated parts of the markets. Look at the Dow, its quite a bit higher than in 2000. S&P is in the same area as in 2000. But the NASDAQ isn't even close to where it was, which is proof of what the problem was. An over-hyped tech market. Even if a sizable bear market were ahead, it wouldn't even resemble 2000... The most recent bubble was in the housing market, not tech stocks or oil or metals.

 

[makloda]

Quote from 2manywhiners:
Bearish conditions? Maybe, but this is no 2000... The techs burst in the Qs was burning rocket fuel, when it ran out the burst affected unrelated parts of the markets. Look at the Dow, its quite a bit higher than in 2000. S&P is in the same area as in 2000. But the NASDAQ isn't even close to where it was, which is proof of what the problem was. An over-hyped tech market. Even if a sizable bear market were ahead, it wouldn't even resemble 2000... The most recent bubble was in the housing market, not tech stocks or oil or metals.

Big props for a post that let's reason and thoughtfulness shine through. Pretty rare among all the BS posted here. Thanks.

 

[2manywhiners]

Quote from makloda:

Big props for a post that let's reason and thoughtfulness shine through. Pretty rare among all the BS posted here. Thanks.

Thanks. But seriously though, seriousness isn't my game... I say DOW crashes TOMORROW!!! Down 90% at the open!!! Woo-Hoo!!!

LOL

 

[athlonmank8]

Quote from makloda:

Big props for a post that let's reason and thoughtfulness shine through. Pretty rare among all the BS posted here. Thanks.

lol....anything to make u feel better?

 

[flyingiguana]

Quote from S2007S:

its funny how everyone is so worried about the 20 year anniversary of the 1987 "DIP"....

There is no need to worry, the markets will rally today and everything will be fine, cnbc has repeated it about 4865 times this morning, everyone knows that the 22% dip in 1987 only created one of the biggest buying opportunities in HISTORY, so why the worries on this anniversary.....

there was no chance of a rally today. the yen carry trade has been unwinding all week. gonna be interesting to see how things unfold next week.