Still not a bear market

Gord · Mar 10, 2008

stock_trad3r

Could you please explain this SP500 chart for me? Specifically the SMA20 crosses and and the RSI 50 crosses?

Would you recommend a buy based on this chart?

EMRGLOBAL · Mar 10, 2008

Like anything, Recession, BEAR, BULL, by the time the "IDIOTS" delclare "Its offic." its already started.

You are Tech. correct. This is yet a BEAR. And we have not had negitive Growth with Back to back Quarters.

However, let the sheoople follow the "FOOL"S who declare, let the Capitalist make the money before the FOOLS!

stock_trad3r · Mar 10, 2008

Quote from Gord:

stock_trad3r

Could you please explain this SP500 chart for me? Specifically the SMA20 crosses and and the RSI 50 crosses?

Would you recommend a buy based on this chart?

Um in 2002-03 it was below and we all know what happened...the market surged huge

Gord · Mar 10, 2008

Quote from stock_trad3r:

Um in 2002-03 it was below and we all know what happened...the market surged huge

So you figure the market will surge "huge"?!?

pcdunham · Mar 10, 2008

Quote from stock_trad3r:

In order for it to officially be a bear market the S&P 500 must close BELOW 1252. A lot of stupid pundits say we're already in a bear market when it isn't the case. The nasdaq doesn't count. It has the be the S&P 500.

Will we enter a bear market? No we won't. We're close to one, but still 40 points away. It would take another 3.5% decline in the S&P 500 to actually enter a bear market.

The futures are looking pretty good. Usually when they are only down a little before Europe opens they tend to move higher and possibly green. If the markets open lower by 3/10% expect heavy 10:00 buying and a 100+ point day on the dow.

That will probably be the bottom.

No bear market and no recession. Not gonna happen. Buffet is wrong. Cheap dollar is good. Everyone anticipates more economic weakness and more selling, but will it happen? Maybe not.

LMFAO... Yeah, and we're not in recession either. Right? I thought the OP was funny then I read this

Quote from rougebear:

I recently discovered this forum but something tells me you have to be the dumbest muther fucker posting here.

and started laughing. Then I read this

Quote from stock_trad3r:

Dow theory is overrated.

No need to over trade when you can make fewer trades and make more money longer term

Futures have improved A LOT since this thread was started.

Dow 11,879.00 -12.00 -0.10
S&P 500 1,291.60 -1.20 -0.09
NASDAQ 1,703.75 -5.00 -0.29

Should be a very green day tomorrow and for rest of week.

Have losses on some stocks but not losing sleep over it.

and almost fell on the floor I was laughing so hard. Then I read this

Quote from stock_trad3r:

Every time we get really close to a bear market the fed steps in like what happened in august 16th, Jan 23rd, and now this week. Face it shorts the fed won't let there be a bear market. Don't fight the fed.

and I realized if I keep reading all of the asinine crap that stock_trad3r says I would be reading indefinitely.

eusdaiki · Mar 10, 2008

Quote from stock_trad3r:

Um in 2002-03 it was below and we all know what happened...the market surged huge

That was a 3 year bearmarket...

Just in case you're wondering, a bear market doesn't mean the market will go down to 0...

88888accountant · Mar 10, 2008

Its always fun to watch people argue over nomenclature that has no accepted definition. lol. "A recesseion is 2 quarters of negative growth and nothing else!" "no that just indicates that the Recession is already here! your a dumbass!" "no you're the dumbass! The stock market is a leading indicator not a lagging indicator, therefore a recession is a bear market you dumbass!" "no you're the dumbass! because even if you're right, its not a bear market becuase a bear market is...etc" lol

Please feel free to continue the arguments on all sides speaking in circumlocutions. With just a few of us we can finish this thread in like 2 days!

MajorUrsa · Mar 10, 2008

Quote from eusdaiki:

That was a 3 year bearmarket...

Just in case you're wondering, a bear market doesn't mean the market will go down to 0...

Which proves again that he is not really trading. If he was trading for real his first concern, not losing money, would prevent him from making such ignorant comments.

PohPoh · Mar 10, 2008

Quote from stock_trad3r:

In order for it to officially be a bear market the S&P 500 must close BELOW 1252. A lot of stupid pundits say we're already in a bear market when it isn't the case. The nasdaq doesn't count. It has the be the S&P 500.

Will we enter a bear market? No we won't. We're close to one, but still 40 points away. It would take another 3.5% decline in the S&P 500 to actually enter a bear market.

The futures are looking pretty good. Usually when they are only down a little before Europe opens they tend to move higher and possibly green. If the markets open lower by 3/10% expect heavy 10:00 buying and a 100+ point day on the dow.

That will probably be the bottom.

No bear market and no recession. Not gonna happen. Buffet is wrong. Cheap dollar is good. Everyone anticipates more economic weakness and more selling, but will it happen? Maybe not.

Excuse me while I BWAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAA...

stock_trad3r · Mar 11, 2008

Did anyone of these smart know-it-all shorts actually short this market when the dow was at 14000+ and ride it all the way down to 12,000? Doubt it. I know at least 90% of people here cover at the smallest uptick.

If it was so 'obvious' that this market was due to a big fall because the US economy is so shitty why does everyone use such aggressive defensive stops?