No, bluestreak interprets this as: Bernanke didn't comment on anything because the information he has is so terrible that it could cause a collapse to the world financial system, so he will slowly dribble out the bad news over time and the markets will sell off to below August levels by next week. COPPER HAS A PHD IN ECONOMICS!!!
Nice cliche to throw around..... I suppose China's growth is dead due to the correction in copper..... not that producers added capacity to chase prices or anything. Supply and demand my man, supply and demand.
last year china was trying to buy all the oil the market could supply----not this year----they have slowed by at least 2-3% in their growth this last quarter----oil wouldn`t be dropping if china was still growing at their record setting pace. IN FACT, china was being held back b/c they couldn`t get the needed energy for their manufacturing sector, but this year (the last 2 quarters) are different! Demand is down bigtime worldwide, look at what the transports are saying.
Of course it's down, that's not the question. Is demand destroyed is the real question and to that I say no. So what if growth moderates, it's still there underpinning the world growth. With world growth demand there's no chance of deep recessions. Right now there's too many markets growing and too much money chasing. That's a recipe for higher highs, not lower lows. Good luck to you though.
how many times do you have to get burned before you stop buying those dips? That is the real question traders?
dow down 200 points, snp down 25 and you have been buying all those dips---------just imagine how low we would be if this wasn`t happening-----sea--change---your buying lower and lower dips every time since nov.27 and this is during the santa claus rally phenom---this means these levels are artificially higher, without these supporting catalysts--markets are going to drop like a rock over the next 2 weeks. but keep buying lower and lower dips----the easy money is being made shorting the rallies right now! next week we will be lower on all indices at week`s end!!