Someone give me a VALID reason that the market should go down?
- Thread starter hairdresser
- Start date
Stop hogging this thread with your rants.
You discourage others from contributing, thanks.
You discourage others from contributing, thanks.
Its just me and You, flowbee guy. Just tell me what the drivers of growth will be going foward.
1) internet bubble bursted.
2) housing bubble is done.
3) 2 of the great money printing investment banks are kaput.
4) subprime model doesn't work.
5) The only money makers that survived... are now bank holding companies being supported on our dime.
6) I doubt the oil bubble will come back again...but you never know.
Come on.. hairgay... give me the next great market messiah.
Wow, you are a raving lunatic.
Do you make money?
This is short sighted, instant result thinking. Do you think this money is free (except for the cost of the paper and ink)?
How long do you think the Fed can continue to keep the yield curve artificially steep and hold down LIBOR so the banks can generate out sized returns to stabilize their balance sheet?
How are you going to be better off with the DOW @ 15,000 when everything in your life cost you 5-10x more than it does now. Look at the dollar as the market rallies...its getting crushed.
From a trading perspective, get balls long by all means...its a rigged game (economic data, earnings) everything is a lie to create confidence. Why would you fade the house edge?
From an overall perspective, purchasing power matters and we are screwing ourselves in the long run for a 5 min romp in the whore house now. We did this in 2002 and you see where it got us after 4 years. The problem is the next popping bubble is ENDGAME.
Given the massive expansion of debt and the Obama budget the US will default if we dont stomach a little pain and get things back on a solid footing.
I found the key to the markets from reading this thread. Markets never, ever, need to correct. When financials rally 400% or whatever they did, that is not great. That is normal. Why can't they go 1000 bazillion?
Four things I will say:
1. Historically, the bear dies in October
2. The industry that causes the recession has NEVER been the one to lead it out from the recession.
3. The institutions have been selling their stakes very seriously over the last 2 weeks. This means that when people like hairdresser start selling, the institutions will not be supporting the price. That means we crash.
4. Lows historically get retested. I wouldn't be so confident it succeeds. 750-80 is a key level on S&P. Break that, say hello to 666 (intra-day low in March)
Four things I will say:
1. Historically, the bear dies in October
2. The industry that causes the recession has NEVER been the one to lead it out from the recession.
3. The institutions have been selling their stakes very seriously over the last 2 weeks. This means that when people like hairdresser start selling, the institutions will not be supporting the price. That means we crash.
4. Lows historically get retested. I wouldn't be so confident it succeeds. 750-80 is a key level on S&P. Break that, say hello to 666 (intra-day low in March)