Of course there will be a crash coming. Maybe coming Monday, maybe only in 10 years. In fact, there will be many crashes coming... every once in a while. Good luck trading every one.
Completely Agree... When the world call's USA's bluff on the Dollar... Whenever that is... as it always has with FIAT CURRENCIES... then its like Japan from 1989 until now for the USA... This will unravel the hidden debt USA owes and the game is up... Until then Business as usual and Dow 20,000 or whatever... http://www.gold-eagle.com/editorials_04/greene032104.html <img src="http://www.enflow.com/p.gif">
I can see a Crash happening in the next 3 weeks. But it will feel like more of a crash in emerging markets than in the U.S. Stock Market. It will look like this. Euro $1.36. YEN 112 S&P 1480 Shanghai 4800. India/Austrail down 15% Carry trade favorites. PCU, BHP, RIO, AKS, X, GLD, OIH, NOV, SII, WFT, DE, FCX Along with other favorites stocks that mysteriously always seem to be up regardless of anything. RIMM, GS, AAPL, AMZN and all your other favore stocks that everyone knows are like 30% higher than any rational person should be paying will all be killed.
I'm looking for lower prices in the next 2 weeks. Targeting 1500-1510 as first wave of downside. Voted c although not truly reflective of how I feel. I'm looking for a correction, not a minor correction.
Agreed... As an example: I bought a "beer fridge" in the states this weekend for $975 U.S. It only cost me $960 Canadian on my VISA. Same fridge in Canada retails for $1440 Can. and it cost me $960 in the U.S. - exact same item. Whatever is going to happen will be sooner rather than later. The market is good at pricing in this TYPE of discrepency. The US dollar is going to be the driving indicator IMHO.... B
Of course, a crash is coming. It is a matter fo whether it will be here in 1 week, 1 month, 1 year or longer. ....and can you afford to be not in the market during that time.
LOL ... are you serious What I think is they are cooking something up ... and by looking at what most people assume about where the market will be in the next few weeks ... I could say it's not gonna be a drop ... I'd agree with most that inflation will drive the stocks higher, sucking in everyone else's money ... whether traders or just people with regular income