The bear market rally is now done - Monday starts another downtrend - see attached
- Thread starter Port1385
- Start date
Um I've been on the right since of the trade since october 10th. Tim Geintner-those gains held.
Read this carefully, he said "MASSIVE government fiscal and monetary stimulus"
Thats the only thing this economy has going for it, hundreds of billions worth of stimulus that in the end wont amount to anything due to the sky rocketing inflation its going to cause over the next decade.
Keep rates low and throw more money at the economy, believe me this is going to cause more bad than good. Low interest rates in 2001-2002 is why we are here today, only thing that will fix the biggest financial problem in history will be time.
Still, market pros were optimistic for 2009.
"[T]he equity markets can trade up ââ¬â maybe about 20 percent" this year, Phil Dow, of RBC Wealth Management, told CNBC. "The key to this is going to be massive government fiscal and monetary stimulus, which eventually reinstitutes the profit motive in America," he said, adding that RBC pegs the turn around mid-year.
Thats the only thing this economy has going for it, hundreds of billions worth of stimulus that in the end wont amount to anything due to the sky rocketing inflation its going to cause over the next decade.
Keep rates low and throw more money at the economy, believe me this is going to cause more bad than good. Low interest rates in 2001-2002 is why we are here today, only thing that will fix the biggest financial problem in history will be time.
Still, market pros were optimistic for 2009.
"[T]he equity markets can trade up ââ¬â maybe about 20 percent" this year, Phil Dow, of RBC Wealth Management, told CNBC. "The key to this is going to be massive government fiscal and monetary stimulus, which eventually reinstitutes the profit motive in America," he said, adding that RBC pegs the turn around mid-year.
Um thats why the dow went form 7300 to 14000 in just five years. If history repeats time to go long. Don't fight the trend. The dow is still well above 7300 and even higher when you include dividends.
Ape, most of these people are traders. They're leveraged, and they cannot handle drawdowns of the mangitude that the "buy and hold(hope)" crowd belongs to. If they were to follow your advice, they'd have been cleaned out many times over. I invest in stocks as well. Meaning I buy cash, not with margin. So I'm in your camp as far as equities go, but I'll never tell these guys how to trade. As for forex, I'm leveraged. And what you're saying is like saying "Buy USD/CAD and hold. I'm always right."
Just because stocks have gone up from the lows doesn't make you right since October. It's like saying "I've been right since 1942".
And as a result of taking advantage of both ups and downs, they've made far, far more money than you and your 5 shares of goog.
They've and not you? You can't make money? Not surprising.
The bear market rally continues. Sp00z and nasdaq now green. Dow only down 14 points with 2 more hours of trading.
if you shorted this morning you're a noob.
if you shorted this morning you're a noob.
Another long-lost, polar-opposite twin brother of stcktrdr3.
Quote from Port1385:
Monday will come and we will see what happens when all the traders get back to their desks.
Why argue with the chart? Trade the chart and the chart says we must re-test the old lows. Hopefully, the trap door wont open up on the re-test for all those that are long.
