This Market Sucks!!!

[dozu888]

PPI exploded, home price imploded, and look what the market is doing.

It refuses to go down with bad news.

guess what will happen next?

 

[JSSPMK]

Quote from dozu888:

PPI exploded, home price imploded, and look what the market is doing.

It refuses to go down with bad news.

guess what will happen next?

More news?

 

[Ivanovich]

Quote from Topsurfi:

hehe, people here are really funny. If markets going up its "news related" and they cry foul.
If its going down everything is al right.

I think for these people the next 2-3 weeks will get really ugly, ouch.

Yes, people are funny. But you have to admit the wierdness of it all. Foreclosures at record levels - spammed all over the media in big, black, bold capital letters. Bank write offs every other week, massive problems in the credit markets. Spiking inflation both on the wholesale and consumer level. Oil at $100. No end in sight for any of it and the market continues to rally.

It's a bit strange. Hence, the reactions of people. Now I know, you can claim the market will do what it wants, etc. But there's still a portion of human nature that just cannot come to terms with situations when logic fails. That's what you're hearing.

 

[JSSPMK]

Quote from Ivanovich:

Yes, people are funny. But you have to admit the wierdness of it all. Foreclosures at record levels - spammed all over the media in big, black, bold capital letters. Bank write offs every other week, massive problems in the credit markets. Spiking inflation both on the wholesale and consumer level. Oil at $100. No end in sight for any of it and the market continues to rally.

It's a bit strange. Hence, the reactions of people. Now I know, you can claim the market will do what it wants, etc. But there's still a portion of human nature that just cannot come to terms with situations when logic fails. That's what you're hearing.

All upside will be short lived ImO until the time when monthly chart settles down & shows signs of recovery, as it looks at the moment all upside bounces will remain bounces ImO.

 

[brocklanders]

Quote from Ivanovich:

But there's still a portion of human nature that just cannot come to terms with situations when logic fails. That's what you're hearing.

Yes, to me it is funny to hear that people believe that markets are supposed to behave and act logically in the first place and are surprised when they don't.

 

[Ivanovich]

People - individually - respect logic. En masse' they act like a bunch of irrational cattle. But getting yourself to overcome that desire for everything to be rational and logical is a very difficult process, and part of breaching the gap between amateur trader and seasoned trader.

As for the market's upside being short lived - maybe. But there you go again assigning a logical reason why it should be. You're making the same mistake again!

 

[HolyGrail]

Quote from Ivanovich:

People - individually - respect logic. En masse' they act like a bunch of irrational cattle. But getting yourself to overcome that desire for everything to be rational and logical is a very difficult process, and part of breaching the gap between amateur trader and seasoned trader.

As for the market's upside being short lived - maybe. But there you go again assigning a logical reason why it should be. You're making the same mistake again!

Agreed. The market is going up. Where it will end no one knows. Enjoy the ride.

 

[Topsurfi]

Quote from Ivanovich:
It's a bit strange. Hence, the reactions of people. hearing. [/B]

if I have learned something valid then its the following:

If you see something "strange" in the market it will most likely continue or get even stranger. We all get the same news and watch the same media and people like to fight against "strange" moves because they think its just a fault of the market and will resolve soon. But there is a reason why this strange move happens and mostly its some people who know something we don't know. Go with them and not the media.

 

[JSSPMK]

Quote from Topsurfi:

if I have learned something valid then its the following:

If you see something "strange" in the market it will most likely continue or get even stranger. We all get the same news and watch the same media and people like to fight against "strange" moves because they think its just a fault of the market and will resolve soon. But there is a reason why this strange move happens and mostly its some people who know something we don't know. Go with them and not the media.

Bingo!

 

[Cocaine]

Good advice, I have found that I have very reliable setups and when the setup doesnt work out as planned, it means that there is something underlying thats unusual and almost always leads to a big move in the opposite direction of my setup. Know this, I can take small losses on my setups that dont work but catch big moves on the other side.

The market is always giving us feedback, its important to pay attention to it

Quote from Topsurfi:

if I have learned something valid then its the following:

If you see something "strange" in the market it will most likely continue or get even stranger. We all get the same news and watch the same media and people like to fight against "strange" moves because they think its just a fault of the market and will resolve soon. But there is a reason why this strange move happens and mostly its some people who know something we don't know. Go with them and not the media.