Still not a bear market

PaulRon · Mar 10, 2008

Quote from stock_trad3r:

2008 is gonna be a great year

Once this imaginary recession passes we'll move much higher. The dow will surge 1000 points in a a month. And then another 1000 points...

Quote of the year...

GTS · Mar 10, 2008

Quote from stock_trad3r:

2008 is gonna be a great year

It will be a great year if you actually keep your word and disappear once the S&P hits 1252...somehow I doubt we will be that lucky

Lucrum · Mar 10, 2008

Quote from stock_trad3r:

I'll be gone from the forum for good if that happens.

Which will prove... ?

BlindLemonBoosh · 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...

Hey, try factoring in US$ currency depreciation and see what you come up with.

overspool · 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.

Who cares? Do you not know how to make money in a bear market?

Ivanovich · Mar 10, 2008

Hey, who has that link to ST's post about how the Dow would close at 14,000 end of 2007? And the post where he said it would never break 12,800?

offbyone · Mar 10, 2008

i hear a lot of people talking like this and most of those people are stuck in long positions and refuse to admit reality. It is going to come whether you want to admit it or not.

lowhangingfruit · Mar 10, 2008

I 8nt no chartist but can u tell me where the support line is.

Were going to see 11100 before we see
12100.

stock_trad3r · Mar 10, 2008

1273 on Sp00z still no bear market.

No negative GDP growth.

The fed is coming. Should be good for 3-5% upside.

street carp · Mar 10, 2008

Quote from BlindLemonBoosh:

Hey, try factoring in US$ currency depreciation and see what you come up with.

Bingo!