How Do We Nail the Bottom?
- Thread starter netedge
- Start date
Quote from shortie:
check your math
No use in talking to him after he is worng, he'll hide in a coner until tomorrow.
Big deal. Considering the markets were up 900 points yesterday a 70 point selloff in the last 2 minutes means noting. Thursday has been an 'up' day for the past four weeks. 14K on the dow within 15 months.
We have all the factors for a huge 15 month rally:
1. tons of negativity and shorts who haven't covered
2. No more bad news regarding credit spreads, bank defualts, mortgages, bank collapse. There are no more shoes to drop.
3. All econ and earnings data has been better than expected
4. Fed pumping tons of money into the system
We have all the factors for a huge 15 month rally:
1. tons of negativity and shorts who haven't covered
2. No more bad news regarding credit spreads, bank defualts, mortgages, bank collapse. There are no more shoes to drop.
3. All econ and earnings data has been better than expected
4. Fed pumping tons of money into the system
I bet he's laughing his ass off because of all the attention you guys are giving him.
For sure he is, for some reason he craves the attention...as I said the more we talk to him the more it feeds him.
He's probably on one of those library terminals at the community college typing away, while giving shy glances to the girl he wants to talk to....but can't muster up the courage.
Her face is rank but her body is OK, but to him she's a dream girl.
If Obama wins the futures may dip, but it will recover. His victory is priced into stocks for the most part.
Here's some things to consider as the election approaches. Don't listen to anybody that posits an economic advantage for one party or the other.
Michael Kinsley writes in Slate with seemingly ample evidence that the economy does better under Democratic administrations.
There's a piece floating around supposedly illustrating that the market does better under Democratic administrations.
Barry Ritholtz trumps all as he shows how both these claims or any claim that a specific political party is better for the economy or markets are nonsense because;
1) you can't extrapolate the workings of a complex system for a single variable
2) even if you could, we don't have enough data to be statistically significant
3) even if both 1) and 2) were overcome, we must not confuse correlation with cause
Alan Ableson points out that the four bear markets that encompass presidential elections and the end of the year since WW2 have not bottomed in October, but rather made new lows later in the year. See # 1- 3 above...
Michael Kinsley writes in Slate with seemingly ample evidence that the economy does better under Democratic administrations.
There's a piece floating around supposedly illustrating that the market does better under Democratic administrations.
Barry Ritholtz trumps all as he shows how both these claims or any claim that a specific political party is better for the economy or markets are nonsense because;
1) you can't extrapolate the workings of a complex system for a single variable
2) even if you could, we don't have enough data to be statistically significant
3) even if both 1) and 2) were overcome, we must not confuse correlation with cause
Alan Ableson points out that the four bear markets that encompass presidential elections and the end of the year since WW2 have not bottomed in October, but rather made new lows later in the year. See # 1- 3 above...
Yay another huge EOD pop