Still not a bear market

Quote from stock_trad3r:
That will probably be the bottom.
More...
If you had listened to some advice a couple months back you - as a longer term investor - would be comfortably sitting in >50% cash right now and would be waiting and looking at opportunities right now instead of praying and hoping what the markets should do next. In order to make money over the long haul it's far more important to not lose money rather than sit on the biggest and hottest momo money making train stock until the bitter end.
 
The media, the almanacs, and everyone else uses the 20% S&P rule. If the S&P closes below 1252 it will be a bear market according to me an 95% of people. Otherwise its just speculation.

futures keep climbing.

Dow 11,923.00 32.00 0.27
S&P 500 1,297.00 4.20 0.32
NASDAQ 1,714.75 6.00 0.35

When I created this thread they were down 4/10 % each, now up a lot.

Not a single quarter of negative GDP growth believe it or not since um..2001. Wow the economy is in shambles.
 
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.
More...

I swear to god you've got to be the only person on this forum who's on more heavy narcotics than me.
 
Quote from stock_trad3r:

The media, the almanacs, and everyone else uses the 20% S&P rule. If the S&P closes below 1252 it will be a bear market according to me an 95% of people. Otherwise its just speculation.
...
Not a single quarter of negative GDP growth believe it or not since um..2001. Wow the economy is in shambles.
More...
When we hit 20% down that isn't the start of the bear market - that just confirms that we have been in one (past tense).

GDP is backwards looking - just like you.
 
Quote from stock_trad3r:

The media, the almanacs, and everyone else uses the 20% S&P rule. If the S&P closes below 1252 it will be a bear market according to me an 95% of people. Otherwise its just speculation.

futures keep climbing.

Dow 11,923.00 32.00 0.27
S&P 500 1,297.00 4.20 0.32
NASDAQ 1,714.75 6.00 0.35

When I created this thread they were down 4/10 % each, now up a lot.

Not a single quarter of negative GDP growth believe it or not since um..2001. Wow the economy is in shambles.
More...

According to you and 95% of people? You do realize that 95% of people either lose money or under perform the index's don't you?
 
You must log in or register to reply here.
Back
Top