You sure about that patoo? I think we are in much worse shape than '87, but the hedgies are propping the mkt up...for now
Black Monday will be so awesome $$$ wonder how much the futures will open down on Monday... anyone up for a lock limit down??
The Fed can totally stop a surprise/panic if they want to do that. We have no idea what Greenspan prevented, 'cuz it never happened. Bernanke can do the same if he knows how. Its all perception. So..lighten up
BrandNewTrader and richardyu301, Thanks for sharing this article. Very interesting and he is talking about just the type of things I've been thinking about myself but have heard few mention, at least not linked together in the same way. Higher inflation, rising commoditiy prices, and the "fizzling out" or bursting bubble of the housing market. Plus a lot of the money and the free ride that many people got by refinancing their houses with falling interest rates is now gone and they're set to face the real financial realities without this smoke and mirror, Fed created crutch.
Down 50 at least. Maybe 100, as soon as your prediction gets out. Thats ES, not Dow, your mighty sword cuts a mean swath.
I remember there was a prof in CA ( maybe standford ) who had some model that was supposed to predict the market not sure how accurate it has been in recent yrs but for a while it did look good ps the "midnight rally" is in effect ... if the middle east or elsewhere does not "blow up" and if europe is not slammed on their "open" the USA markets will attempt to open higher ( duh )