just a matter of how it stair steps it`a way down.
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Ultimately Dow going below 12,000
- Thread starter BlueStreek
- Start date
The "ET Contrarian Thread Title" indicator is now giving a major buy signal!
Seriously, newspaper/magazine headlines have been good contrarian indicators for decades. At least when a vast majority of them are extremely bullish or bearish. And I suspect the non-elite traders at ET may be even more accurate...
Seriously, newspaper/magazine headlines have been good contrarian indicators for decades. At least when a vast majority of them are extremely bullish or bearish. And I suspect the non-elite traders at ET may be even more accurate...
Quote from crgarcia:
Fed cut coming up on January 30.
Market may rally a week before (to plunge again just after the cut).
Don't overshort. You may get squeezed.
Imagine if earnings come out positively (minus financials) and reaffirm guidance. Bulk of earnings from s&p's are from Asia and Europe. How will markets spin that? Time will tell.....
Quote from enforcer99:
it will go under 12k. it has to because the housing turmoil is far from over and company's have yet to lower earnings guidence enough. we will see that during the next few weeks with plenty of negative profit forecasts.
Lower earnings are already priced in. It will take something a lot more surprising than that...
Quote from enforcer99:
it will go under 12k. it has to because the housing turmoil is far from over and company's have yet to lower earnings guidence enough. we will see that during the next few weeks with plenty of negative profit forecasts.
There will be plenty of short covering bounces to be sure.
However, oil will be the next bubble to burst, going back to atleast 50 a barrel in the next 2 years, then commodities will start coming back in, definately by the end of the olympics in Bejing.
I expect much slower international growth, with just 2% less growth in China and India combined this will create excess supply on the market as higher prices have brought so much more production online in all the commodities over the last 3 years.
However, oil will be the next bubble to burst, going back to atleast 50 a barrel in the next 2 years, then commodities will start coming back in, definately by the end of the olympics in Bejing.
I expect much slower international growth, with just 2% less growth in China and India combined this will create excess supply on the market as higher prices have brought so much more production online in all the commodities over the last 3 years.
Quote from BlueStreek:
just a matter of how it stair steps it`a way down.
Your one liner post is an emotional response and not the reality. In fact no one knows where it will go till it goes there. When people " feel " things they run up to their keyboards and register their thoughts online as if they are some kind of confirmation.
Trade well, use stops, use common sense.