See, I was right!
We are in a slow motion Crash!
- Thread starter blowingup2012
- Start date
Crickets.........
I'm beginning to beleive my analysis was wrong; European markets seem to have bottomed and have some way up. Thus higher highs on the American markets may be possible.
Apple is up big in afterhours, but the ES is only up 4 points and the TF a few at most. The TF hasnt blown through last years highs and dragging. So what do you think will happen when the UK GDP comes out tommorrow or the US GDP on Friday? What do you think will happen in May?
This is a slow motion crash and I dont expect to see the same aliases here after May. Lucrum will be here on the other hand because he is just some old man in Arkansas that doesnt trade and lives off of Obama's Social Security.
This is a slow motion crash and I dont expect to see the same aliases here after May. Lucrum will be here on the other hand because he is just some old man in Arkansas that doesnt trade and lives off of Obama's Social Security.
Well if itis a crash, it's more based on Emotion rather than fundamentals. Like I said before, earnings are great overall and companies are profitable and growing. One could argue that the market predicts the future but in the long run, earnings growth will move the markets higher. The stock market is supposed to be about company growth not greedy politicians bribing electorate with money they do not have so that may get re-elected. That's what this sell off is. Emotion. Right or wrong, there definitely is a correction underway. Don't think it's considered a crash by any means.
Oh yeah, what were the earnings calls like in 1999 and 2000? What were they like in 2006 and 2007? Is the right time to buy in long term when the earnings calls are exceedingly bullish or when they are bearish?