Yes -- the last time we had a banking crisis that resulted in deleveraging in the same scale was 1907. The price mechanics of fire sales are different than a depression. Rapid crash to find bottom and then rapid rise. Each time, it was JP Morgan who bought the dip.
Yes -- the last time we had a banking crisis that resulted in deleveraging in the same scale was 1907. The price mechanics of fire sales are different than a depression. Rapid crash to find bottom and then rapid rise. Each time, it was JP Morgan who bought the dip.
Not to say I am not short the weak sectors of the market, or don't think there will be a correction at some point. I was specifically discussing the article...
QQQQ at 57.17. At this price and higher, if I were a buyer, I would be worried. Is a 10% retreat reasonable? (While typing, QQQQ went to 57.22, and then suddenly fell to 57.10).
SPY and Qs had their red week but DOW is still going strong. In fact DOW is up 8 weeks in a row (i am looking at DIA close-to-close on weekly). We are in the middle of the earnings season. Can the companies keep surprising to the upside to push the market up? or could we dump huge just like in Jan 2010 and Apr 2010 when the decent started around this time 1-2 weeks into the earnings season?
The week isnt even done yet and Im calling for 9 straight up weeks in a row!!!
Tonight earnings from AMZN and MSFT should give a boost to the nasdaq yet again, no need to sell, SPX should close tomorrow above 1310 and move ever so close to 1350!!!!
