Quote from WyckoffTrader:
The composite operators need to shake the weak money from the trees and than we can have some confirmation of a trend change.
I have been at my screen since 98 and have not seen a move like this with so much manipulation before is my short 8 year history compared to 20-30 year veterans but this is getting very dangerous and similar to how Japans steps into its currency markets.
This manipulation can last for short period but very unhealthily for the long term environment and normal wash out of the business cycle.
Look at the US markets on the terms of foreign investors who have the dollar risk and weakness to deal with when you divide the SPX using the Euro Currency, the Pound or Yen. The Index is on its first leg down after the April to April run.
The dollar breaks 80 and there is nothing below to stop or help the Fed. It will be a battle at that level but eventually break and we are toast. Sorry guys......but or American dream will be called the Indian and Chinese dream this generation.
Time for a shift in wealth, we have become fat and happy and try to police the world. Look at the Roman empire and their quick rise and fall. Could be very similar.
Shit I live in California and have young kids and pay my taxes like I should but this picture looks bad and I am not very bullish on US leadership. I hope I can adapt to trading in Europe somewhere, if things get real bad the next 2 to 10 years. I hope I can qualify for Switzerland or some tax friendly country.
There should be net outflows form this equity market as the baby boomers start to come under the forced withdrawal requirements. Where are we going to find those new buyers?
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Quote from infolode:
Christ, does anyone have something new to add?
OMG we're all going to die!
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WyckoffTrader,
I owe you an apology for my actions an comments yesterday.
I attacked you without provocation and was essentially a ass-first class.
I was just basically having a REALLY bad day with some family issues and I took it out on you.
The world is so full of hate and I unfortunately reflected this in my comments and attitude.
I became what I truly dislike.
I stooped to name calling and deleted part of the message but you had already read it--the damage was done.
I'm deeply sorry and wish to apologies publicly.
Sincerely,
infolode