Why the S&P 500 will be much higher in 5 years?

[oldtime]

Quote from R. Raskolnikov:

I'm pretty sure you got it wrong. His reply "In the long run we will all be dead" was in response to Hayek's notion that markets eventually work themselves out and there is no need to intervene to take action to stimulate demand, regardless of how long that takes.

Keynes response meant that it's better to do SOMETHING now to get the economy moving (if it's not happening organically) rather than wait for it to occur naturally when we may all be dead

yes, I got that, I researched the quote, and it is often (myself included) mis stated

you can do a google search on Keynes and "In the long run"

and it will give you all kinds of conflicting arguments

but it makes a good story

in the end, you are almost forced to take sides

let the market work it out

or intervene

I'm kind of natural and organic, and I like natures way

but then again, I have kids (and now grandkids) to worry about.

 

[oldtime]

hey raskol

you probably already know this

but here is a link to a you tube lecture by George Soros

(piezoe turned me on to it)

It discusses exactly the age old Hayek vs Keynes debate

Soros's point is that markets exaggerate reality, and therefore create bubbles

which if you and I are traders we like

but not neccessarily so good for my kids

www.youtube.com/watch?feature=endscreen&v=RHSEEJDKJho&NR=1

 

[oldtime]

and if you want to have a little more fun

www.youtube.com/watch?v=EM8ygOVYCd8

 

[R. Raskolnikov]

Thanks Oldtime, I'll take a look.

You should check this PBS special, The Commanding Heights. Episode one is "The Battle of Ideas" and it's all about Hayek vs Keynes. It's really good IMO.

http://www.youtube.com/watch?v=iUiy61vxeZs

Quote from oldtime:

hey rash

you probably already know this

but here is a link to a you tube lecture by George Soros

(piezoe turned me on to it)

It discusses exactly the age old Hayek vs Keynes debate

Soros's point is that markets exaggerate reality, and therefore create bubbles

which if you and I are traders we like

but not neccessarily so good for my kids

www.youtube.com/watch?feature=endscreen&v=RHSEEJDKJho&NR=1

 

[zdreg]

Quote from Fractals 'R Us:

I was married to an INFJ for decades... I fully get that quote too

for the educationally challenged is this infj you are talking about?
http://psychology.about.com/od/trait-theories-personality/a/Infj.htm

 

[oldtime]

Quote from R. Raskolnikov:

Thanks Oldtime, I'll take a look.

You should check this PBS special, The Commanding Heights. Episode one is "The Battle of Ideas" and it's all about Hayek vs Keynes. It's really good IMO.

http://www.youtube.com/watch?v=iUiy61vxeZs

wow Raskol, I can't thank you enough for turning me on to that documentary

If you are hardcore right wing or hardcore leftwing it will really mess you up

at times I was rooting for the communists, until they got in power, and then I was rooting for the capitalists

It's really a great documentary on so many levels

especially the historical film clips

it will be easy for our kids to do a documentary about our lives, they will have so many iphone clips it will drive the poor film editor crazy

Everybody that trades for a living during the week, but on the weekends actually cares how life is going should watch this documentary.

It may not change your mind, but at least it will reinforce or challenge some of the ideas you held previously.

What I got out of it is, both sides are right, until they get extreme.

I especially liked the film clips of Bretton Woods, since as a forex trader that is a big deal

 

[Duarte]

Now, I am going to look again closely for the period between January 1968 and January 1985, as well as, for the period between November 1999 and March 2013.

 

[Duarte]

I compared the previous period with the current period, and I came to the conclusion that the S&P500 after reaches its resistance line (key value: 1575) can follow the path 1 or 2, in the first chart.

 

[R. Raskolnikov]

You're very welcome, Oldtime. I'm glad you liked it. There are two more parts as well, both 2 hrs long

Quote from oldtime:

wow Raskol, I can't thank you enough for turning me on to that documentary

If you are hardcore right wing or hardcore leftwing it will really mess you up

at times I was rooting for the communists, until they got in power, and then I was rooting for the capitalists

It's really a great documentary on so many levels

especially the historical film clips

it will be easy for our kids to do a documentary about our lives, they will have so many iphone clips it will drive the poor film editor crazy

Everybody that trades for a living during the week, but on the weekends actually cares how life is going should watch this documentary.

It may not change your mind, but at least it will reinforce or challenge some of the ideas you held previously.

What I got out of it is, both sides are right, until they get extreme.

I especially liked the film clips of Bretton Woods, since as a forex trader that is a big deal

 

[Daring]

The end of bull run that began in 2009 is not far from meeting it's final target.