ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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I have never attached a file when I posted. Hopefully this worked. Its not an XLS file. I am just trying to attach a jpg file the last 2.5 years of the 20 years from a TOS chart. If it doesn't go through, I'll try again - maybe.
No need for the 10 year VWAP with 3 stDev bands free or otherwise.
Whole point. I will bet the 50 day will not cross the 200 day and they are fairly close. If it does, I'll be surprised. It will bounce, if it gets close enough to bounce. EMA 50 day SPX is at 897. 200 day is at 942.
No need for the 10 year VWAP with 3 stDev bands free or otherwise.
Whole point. I will bet the 50 day will not cross the 200 day and they are fairly close. If it does, I'll be surprised. It will bounce, if it gets close enough to bounce. EMA 50 day SPX is at 897. 200 day is at 942.
Here is an interesting point
During the early 90's Recession,
100890 SPX 295 unemployment 5.5%
072792 SPX 425 unemployment 7.8% june
So while the recession lasted and unemployment increased, the SPX increased from its october 1990 low by 44% and didnt look back from there!
http://www.nytimes.com/1991/05/12/us/chief-executives-see-recession-lingering-to-1992.html
During the early 90's Recession,
100890 SPX 295 unemployment 5.5%
072792 SPX 425 unemployment 7.8% june
So while the recession lasted and unemployment increased, the SPX increased from its october 1990 low by 44% and didnt look back from there!
http://www.nytimes.com/1991/05/12/us/chief-executives-see-recession-lingering-to-1992.html
LOL those were the dog years when I got started in all this mess! But you seem to forget some important shift that took place at that time.
Did you know that the term "downsizing" was never in existence before that time? The US market was being short squeezed by the Japanese and other emerging markets like Korea. (Don't tell me you don't remember "Made in Korea" fever!) Back then, Japan was ranked as the economic power house. So the recession seemed more severe than initially thought. However, the catalyst that drove the economy wasn't as dire as initially thought either.
It's also important to consider that while the early '90s recession was created largely due to the S&L debacle, which might seem very similar to the current credit crisis, it was nowhere in the same scope as the mess that we're currently in. Back then it was more or less a regional thing, localized to each different market. It was mostly small regional banks that went under. Today, it's a global phenomenon that killed not only the small fries but large banks like IndyMac, Wachovia and WaMu as well as the real big kahunas like Merrill Lynch, Bear Stearns and Lehman Brothers. S&L, by comparison, robbed the taxpayers only $200 billion, which is a drop in the bucket compared to the staggering amount the current one.
But then again, I'm told that the stock market is supposed to look out into the future by as much as 6 months. I think this is a real bullshit created by phonies to delude even bigger gullible phonies. Clearly the market doesn't know shit what will transpire between now and six months. It "thinks" something will happen, but should some countervailing news comes out tomorrow, all the crap that went into such a thought-process quickly becomes null and void. Some foresight indeed!
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