There is NO other Shoe to Drop!

Quote from whitster:

"I am sure it will head down"

then you clearly aren't a "hedge fund trader" or if you are, you won't be one for long.

NO trader should be SURE about anything the market will do in the future.

because NOBODY knows.

good traders make positive expectancy bets, and that's how they ( me included) make money

but NOBODY knows what the market will do in the future, and anybody who is SURE, is simply blowin' smoke.
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Do not underestimate other people on the Internet.
 
"From 1986 through 1995, 1,043 savings banks with over $500 billion in assets failed, costing taxpayers $75.6 billion, according to a Federal Deposit Insurance Corp. analysis."
http://www.bloomberg.com/apps/news?...UVjA&refer=home

Think about it."1986 through 1995"

Post 1929 failures were 1930-4 if I remember rightly, in the face of a market that rallied '32 - '34 if I remember rightly, but that is still two years to reach the low.

Two defacto (CFC, BSC) mortgage bond bankrutcies could be the tip of the iceberg as far as mortgages go, let alone unsecured CC and autoloan debt.
 
Quote from shortie:

There is NO other Shoe to Drop!

Abbey Joseph got fired.
BSC got waisted.
Banks got bailed out.
We had double 9:1 last week.
Etc.

These are all clear markings of a major bottom (taken together).

Watch the market shrug off the most recent S&P downgrade this monday.

Most importantly, there is no more major bad news expected.

Barring a freak accident (one country nuking another, etc.), we will have a nice bull run for at least a month.
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this bull is clearly getting tired. one last run for ~ a month before it's over?
 
Keep it in mind that it is election year. These martkets are propped up artificially. Next year the market will be in the crapper, maybe DOW 10000-11000?
Quote from shortie:

this bull is clearly getting tired. one last run for ~ a month before it's over?
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