the crash i called and continue

Okay, I am going to stick my neck out and make a prediction (which as we all know is worthless). There is every reason for this market to tank. We may briefly get below Fall 2009 lows, but not for long, and rally into year end. If the bottom falls out, you can mock this post to your heart's content. I am weary of being a short-term bear.
 
Quote from Nine_Ender:

Ok, my mistake a correction is often a 5-10% drop over a short time period ( but often longer then a day ). However, my point is crashes are not that frequent and given that we basically had a market meltdown ending around March 2009 it is highly unlikely we get a crash any time soon.

My other point is throughout the 17 months since March 2009 there have been numerous people predicting market crashes
throughout one of the best bull runs in history. These calls were horrendous costing many people a lot of profits. There is absolutely nothing to suggest a crash is imminent fundamentally this year, earnings are strong and m&a activity is picking up. Every correction that occurs is met with bargain hunters buying up stock.

So I believe people on here are irresponsible to predict market meltdowns when any impetus to create this situation will not arrive for at least a year. At that time, it will be clear if a market meltdown is more likely. But NOTHING today suggests this is a likely scenario at all. The Chicken Little's of this site don't even provide reasons its just a religon to them and the "double dip" type analysts on CNBC ( who were wrong over and over again in 2009 ).

eg Looking at something like Canadian banks they had a huge bull run in 2009 during which they corrected around 5% down on several days on the way up. They make billions every year in profits. How do you justify a lower valuation ? How low could a crash take these stocks before someone gets smart and rebuys these money makers to pocket another 50% gain afterwards ?
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+1

The bull market is not over yet

Im not kidding you. Theres a disconnect between market internals and fundamentals. Internals are getting stronger over the last year and not yet showing signs of weakening in the future, but fundamentals went sour.
 
Quote from riddler:

yep, its breaking down again. theseis is fully intact.
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One of the worst timed posts ever on here. Almost every stock I follow rallied 5%+ the rest of the day. Every sign is a bottom was found and many buyers were waiting for this opportunity to buy up quality.

Nevertheless, I am still puzzled when the "crash" you called occurred. I see no crash.
 
Quote from failed_trad3r:

+1

The bull market is not over yet

Im not kidding you. Theres a disconnect between market internals and fundamentals. Internals are getting stronger over the last year and not yet showing signs of weakening in the future, but fundamentals went sour.
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What market internals are you referring to? I agree the fundamentals and price action have decoupled over the past year, but my view would be that they eventually have to agree, not continue to diverge since they have diverged recently.

Yeah yeah LTCM, I know. Dont worry Im not anywhere near a long term irrrational market threatening my solvency...
 
What compelling reason is there to buy?

________________________________________________________

ZERO!

Smart money is on the sideline...in cash and has been there for the last two years. Even corporations are hoarding cash and not spending...hell even the banks who have TARP money are sitting on their cash and not lending.

Only fools are buying for the long term right now.

Sheeople have no hope in ever making their "losses" back are throwing their hell marry and praying that the FED has more majic power.

Traders...they are loving this market! Volatility is great and its a Traders Marekt, period.
 
Quote from EMRGLOBAL:

What compelling reason is there to buy?

________________________________________________________

ZERO!

Smart money is on the sideline...in cash and has been there for the last two years. Even corporations are hoarding cash and not spending...hell even the banks who have TARP money are sitting on their cash and not lending.

Only fools are buying for the long term right now.

Sheeople have no hope in ever making their "losses" back are throwing their hell marry and praying that the FED has more majic power.

Traders...they are loving this market! Volatility is great and its a Traders Marekt, period.
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Excuse me, but it was very obvious in Spring 2009 that the market was oversold and any real smart money participated in that market. Anyone who sat on cash throughout one of the biggest bull markets in our lifetime ( March 2009-December 2009 ) was a fool to do so.

In fact, I believe the frequent calls for a crash smell of desperation. People who missed the bull market ( and the easy money ) are now looking for a big reversal to try to get easy money. And its not going to happen, this is a stock picker's market now.
 
there is a world of difference between crash and correction. 10-20% can be called a correction and an opportunity to buy again.

markets sure did crash in 2008 around 50% levels. the question is how much more downside from here.

:D
 
Quote from Nine_Ender:

Excuse me, but it was very obvious in Spring 2009 that the market was oversold and any real smart money participated in that market. Anyone who sat on cash throughout one of the biggest bull markets in our lifetime ( March 2009-December 2009 ) was a fool to do so.

In fact, I believe the frequent calls for a crash smell of desperation. People who missed the bull market ( and the easy money ) are now looking for a big reversal to try to get easy money. And its not going to happen, this is a stock picker's market now.
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Stock dispersion is at all time lows, the last thing it is right now is a stock pickers market, alpha is dead for the time being.

You dont think your bull rants on nothing but the fact that the market has gone up a lot recently reek of desperation?
 
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