Is the worst over?

[Comanche]

Quote from stock_trad3r:

Dow 15,000 soon

the is gonna be huge

Your illiteracy knows no bounds.

 

[stock_trad3r]

I meant to say "this is gonna be huge"

 

[MajorUrsa]

Quote from stock_trad3r:

Dow 15,000 soon

the is gonna be huge

That does it, now I'm bearish too.

 

[makloda]

Quote from timvodas:
I live in SoCal and can tell you that the economy has been pretty bad here for all of 2007 with housing melting down. Major employers like New Century either going out of business or laying people off hundreds or thousands at a time.

The stock market doesn't care how good or bad you or me think the economy is doing. For all I know housing could completely goto hell and this market can still make new highs (and vice versa). Looking at your local economy micro level and extrapolating that into global macro equity direction is a recipe for disaster.

 

[stock_trad3r]

Quote from makloda:

The stock market doesn't care how good or bad you or me think the economy is doing. For all I know housing could completely goto hell and this market can still make new highs (and vice versa). Looking at your local economy micro level and extrapolating that into global macro equity direction is a recipe for disaster.

Well said. Agree completely.