Quote from marketsurfer:
Markets still just churning pre plunge--- it is beyond obvious to me, and likely to anyone who has lived through several major crashes since 1987, that this is setting up as an epic collapse . This MUST happen before the super bull can continue. Folks, surfers and surfettes--- history is about to be made. The only question is, will you come out on the side wealthy, broke, or same as you Ever was? There are perhaps 3to 5 opportunities like this in a lifetime that couldn't be more clear. Either you take it and be a hero or you miss it again.... The call reminds valid unless the highs are taken out---
Surf
Epic collapses are *always* proceeded by murmurs of bad news in a particular sector, murmurs that snowball ...
Murmurs that led to recent stock market panics/crashes...
Sub-prime lenders collapsing beginning in late 2006...
Dot-com businesses collapsing/earnings imploding between March 2000 and Labor Day 2000
Russian defaults beginning in April 1998
Asian currency crisis in summer 1997
The signs of an epic collapse are broadcast well in advance, but most people aren't paying attention.... The ones that are often have to wait quite a while for the rest of the world to catch up...
Today, except for the bond market and the end of QE, I don't hear any murmurs.. And from what I recall, bond market issues do not typically result in stock market crashes. In fact, they tend to set the stage for stock market advances as the money shifts over.
So, in the short term, the stock market will go sideways as the process of bond market outflows becoming stock market inflows plays out. Then expect the 4th leg up to commence.
*** Complaints by traders that stock prices are too high are not indicators of coming collapse ***
That's an age-old complaint (with no basis in reality) dating back to the Buttonwillow tree and Tulip Mania...
Now, one issue I foresee being a problem, and hence may lead to a continuation of 7-year bull/bear cycle due to begin in 2014/2015 (not 2013, sorry) is Obamacare and the reality that (1) costs will be much, much higher for everyone than projected (at least double/triple), and (2) businesses adapting by changing employment status (more PT, less FT), cutting/eliminating other benefits & perks, downsizing, going bankrupt, raising prices, and/or anything else.
We may even see some insurers/reinsurers/HMOs hit by the black swan of expensive pre-existing conditions suddenly being covered...
And I probably don't need to mention the new opportunities in fraud becoming available due to Obamacare...
The law of unintended consequences will strike again...
No matter what "-ism" you believe in, ordinary citizens always pay the price for their leaders "vision"...
