I have to, especially after the dow gives up 250 points of gains in less than 2 days, I could see if we were down 25 points, but to see it trade back below 12k to me is something to talk about.
Market will surge higher real soon. HUUUUUUUUUUUUUUUUUUUUUUUGE white candle just forming. DOw 100 points off lows. NO recesion, no credit crunch. No bear market. No housing bubble. Nothing has changed between 2006 and now. When it is REALLY time to get bearish you'll know. THis is not the time to get bearish. The fed is slashign rates and infusing liquidity. NO time 2 be short. This aint 2000 when the fed was hiking rates and valuations are obscene.
Ouch, hope you guys had stops that were short on that nice run up. Sure would have put a dent in the p/L if u didnt
CUZ we're still in a bull market which began on October 2002. When you're in a bull market you dont short. The smarties arent gonna let the markets go much lower. Boo hoo is there an imaginary credit crunch? No more liquidity? Oh no woe is me.
Does it matter when the dow goes to 15,000 in a year or so? Markets go up and down. Impossible to time the top and bottom. Fake credit crunch and no recession.
Not sure, but is it anything special if the Dow moves a total of 2% within 2 trading days when the $VIX is around 27-29?
To quote myself "I know how stocks work. I know how the markets work. " And "I am *almost* always right"