October 2nd 2006, Black Monday?

The thing is, October 2nd and being a Monday, it's impossible to get a crash. It will be too coincidence. Black Monday, everybody will say. October black Monday. It's just like getting a crash on the 5th anniversary of 911 or some other date. Too coincidence, it can't be so exact and nice.
 
Never say never when it comes to the market! :D

Quote from Li Ka Shing:

The thing is, October 2nd and being a Monday, it's impossible to get a crash. It will be too coincidence. Black Monday, everybody will say. October black Monday. It's just like getting a crash on the 5th anniversary of 911 or some other date. Too coincidence, it can't be so exact and nice.
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Quote from hopeful:

This will scare the pants off you, its a prediction for a huge crash (down to 450 for the S&P500) in October this year.

The basis for market Armageddon is

1. the four year persidential cycle which has a great record of producing a low in October

2. the S&P is in a blow-off stage (based on a very long-term chart)

3. fibonacci retracement of .618 to 450

http://www.safehaven.com/article-3983.htm
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heh.

the PPT didn't exist back then. we will never have a crash like that again.



regards,
 
Quote from stocon:

Maybe Woodward's book and another 70 billion to Iraq will
shake the markets......
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You'd think so but the market seems to ignore all these things. And the homogenized media coverage puts a positive spin on it all. Maybe 7 trillion would do it but maybe not even that. Hey it's only money. We can alway print some more. It will be paid off eventually by our children's, children's, children's, children......unless we add to this with Iran which of course will happen too. And it's only human lives but not ones we care that much about. Some poor people who have enlisted in the serivce and some Muslims. Hey Halliburton has made out great so it's been well worth it. The beat goes on.
 
Quote from frank99:

All the more reason to be ready for a surprise. Expect the unexpected.

Frank
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agreed - with 90%+ of ET calling for a crash/correction/fire-and-brimstone I fully expect the market to creep higher....

If I have learned nothing else over the past 18 months it is that ET sentiment is a contrarian indicator. Good luck shorts.



Regards,

-the man you sold to.
(aka. krazy) :)
 
Quote from BCE:

You'd think so but the market seems to ignore all these things. And the homogenized media coverage puts a positive spin on it all. Maybe 7 trillion would do it but maybe not even that. Hey it's only money. We can alway print some more. It will be paid off eventually by our children's, children's, children's, children......unless we add to this with Iran which of course will happen too. And it's only human lives but not ones we care that much about. Some poor people who have enlisted in the serivce and some Muslims. Hey Halliburton has made out great so it's been well worth it. The beat goes on.
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Maybe after the election when the PPT has loaded the boat with puts..... It almost feels surreal
 
Quote from stocon:

Maybe after the election when the PPT has loaded the boat with puts..... It almost feels surreal
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Agree they'll cool their heels until after the election. They don't want to stir it up now. Maybe Kissenger will become co-sec of defense with Rumsfeld.
"It's Iraq, Iraq, Iraq," White House Chief of Staff Andrew H. Card Jr. had told his replacement, Joshua B. Bolten. "Then comes the economy."
 
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