Futures is up, is collapse over?

Quote from detective:

This market environment is quite different from the 2000-2001 environment. Throughout this bull phase from 2003 to 2007, people have not really embraced stocks as risk-free and a steady source of returns like they did back from the mid 90s to 2000. People are more hardened and cynical now then back in 2001. I see less speculation, lower expectations than back then. This is a more bullish market than back then. But this is still a bear market. You can't expect the endless selling that we saw in 2001, that was one of the most bearish markets I have seen in a long time. This one will have its own character, but a milder bear market which will last a while nonetheless because the fundamentals are so bad.
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the only difference here is that the speculation and outright fraud; hype; bamboozled; lets party like its 1999; i can buy a house with no money down and get money on top of that is not in the stock market this time around...ala circa 1999-2000 when the analysts on wallstreet fueled the bubble...peace
 
My first and last prediction on ET. But what the hell.

Market opens up. Consumer Sentiment halts a rally, and the market starts to rollover. Further weakness begets more panic selling to a daily low. We get a little bounce early afternoon as shorts tentatively cover, and buyers dip their toes in. But be careful and keep long trades tight and fast, as the market will not be likely to rally strong into the weekend.
 
on the one hand, people are more chastened and cautious from the last bull, argueing for a milder bear

on the other hand, fed spent it's reserve pulling us out of the last bear

we've got $100 oil
 
Quote from lindq:

My first and last prediction on ET. But what the hell.

Market opens up. Consumer Sentiment halts a rally, and the market starts to rollover. Further weakness begets more panic selling to a daily low. We get a little bounce early afternoon as shorts tentatively cover, and buyers dip their toes in. But be careful and keep long trades tight and fast, as the market will not be likely to rally strong into the weekend.
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what's the over/under on the "little bounce early afternoon"

2pm? :p
 
Let me tell you something-- The Fed chairman asked Congress to get involved yesterday. That is tantamount to him throwing up his hands and waiving the white flag. That can't be good. Everyone knows the Fed is planning on cutting rates and the market sold off anyway. Remember , it was Bernanke who just recently said that we were not headed for recession and now within a very short time he is asking Congress to get involved quickly. The Fed chairman is weak-- It was always the Fed who would try to prop the markets up and now they are asking for help. That is a very weak signal and message to be sent. :)
 
Quote from ElCubano:

what's the over/under on the "little bounce early afternoon"

2pm? :p
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Oh, let's call the bottom fishing area about 250-275 down on the DOW. Mid Day.
 
Quote from The Kin2:

Futures have been acting strange the last couple of nights. They are currently up. Would that signal an end to the freefall?
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I plan tonight to read the book "the short-covering that never happened"...

Alex
 
Quote from day7793:

IF the market crosses 1480 level would you still call it a BEAR MARKET ? At least that wasn't the case up until Dec 26, 2007.
With an election year unfolding before us do you think these politicos will let you rage and roil in a bear market and a recession and near total collapse ?

Come on get a grip on reality. Cover your shorts early, or you are a cooked goose in wonderland.
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How do you know my positions? How do you know I am short?

My recent calls appear on another thread. They have been spot on.

A top of 1480 would be a lower high and that would suggest the trend is down.
 
Quote from smilingsynic:

How do you know my positions? How do you know I am short?

My recent calls appear on another thread. They have been spot on.

A top of 1480 would be a lower high and that would suggest the trend is down.
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at this point, it's more than a suggestion

the trend IS down, even if today is the start of a spectacular rally

lower low put in yesterday
 
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