Still not a bear market

Quote from craigs21:

I wouldn't get too carried away. Give it a few days. Lots of people think this is the "test" of the lows. Maybe, maybe not. IMHO I believe we have another leg down in the next 2 months.
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Maybe we will. Maybe we won't. In fall 2002 EVERYONE though there would be another leg down...but there wasn't. The fed's rat cut efforts under Greenspan finally strangled the shorts and it was all over. The noose had been tightened.
 
Quote from stock_trad3r:

Maybe we will. Maybe we won't. In fall 2002 EVERYONE though there would be another leg down...but there wasn't. The fed's rat cut efforts under Greenspan finally strangled the shorts and it was all over. The noose had been tightened.
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The difference between 2002 and now is back then we had the housing market we could inflate. This time there is no bubble left to inflate.
 
Quote from PaulRon:

The difference between 2002 and now is back then we had the housing market we could inflate. This time there is no bubble left to inflate.
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LOL what does the housing market have to do with stock market? The so called 'housing bubble' had nothing to do with stock market bubble.
 
Quote from stock_trad3r:

LOL what does the housing market have to do with stock market? The so called 'housing bubble' had nothing to do with stock market bubble.
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then ben must be stupid to cut interest rate.....
 
CPI data tomorrow, do you actually think this number will come in line, say around 0.1-0.2 or will it come in somewhere above 0.3-0.4% or higher.

If its inline or lower Ill be the 1st one to say, dow 12300+ tomorrow, if not welcome 12k or less.
 
Quote from stock_trad3r:

LOL what does the housing market have to do with stock market? The so called 'housing bubble' had nothing to do with stock market bubble.
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This is why you really don't know jack shit. The housing bubble had a direct impact on the stock market fool. I'll type real slow for you so you don't get lost in the concept.

Massive creation of liquidity at the end of the last recession, extremely cheap money thrown at consumers, consumers very wary of the stock market, consumers decide to invest in real estate, boom is on with strong momentum, people making big $$ on refi cashouts with excess cash to spend, non-sellers feeling good about major bump in value of house loosen up spending due to wealth effect, credit card deals offered at 0%, all leads to major consumer spending like drunken sailors, people buying cars with 0%, etc etc etc, since consumer spending drives earnings stocks start to appreciate strongly, stocks now back en vogue, many pouring $$ into stocks driving long run bull market.

housing created the run in stocks, and also killed the bull in stocks. You should know, you never sold.
 
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