This might be an appropriate place to remind ourselves of the failure of the neoclassical economists who announced the end of the business cycle in an early postwar economy. Keynes, in Chap. 24 of his "General Theory..." lists fundamental flaws of capitalist economies (but not all of them!). As such , the capitalist's boom contains the seeds of its own destruction; hence the business cycle of boom and bust. Sadly, no one yet has a theory to tell us exactly when the bust will come. Equally unfortunate for all of us is the seemingly irrepressible view that the capitalist economy is equilibrium seeking. This is rotten thinking that's got into the minds of Republican economists, and they simply can't get it out. The Bust will come, now tell me when please.
Queue the woke little curmudgeon trying to turn this into a political discussion...and ignoring how wrong he's been over the years. So, no, this isn't the appropriate place for you. Go back to sleep, piehole. Oh, and here's a great prediction (one of MANY wildly inaccurate ones) from the "great" Democrat economist, Paul Krugman: "The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’ becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s”
what if I tell you - monday european markets up BIG and tuesday US markets gap up big and profit take, and if it turns out to be true, will you call your bank? I mean you have to wonder how this dozu guy knows the 'shape' of the day before the day even happens.
So just to make it clear, since you say the US market will profit take on Tuesday, does this mean you expect Tuesday to be a selling off day and end on the lows?
Europe will definitely have a big day tomorrow.... slight higher open due to the US Friday up close, then rise sharply to finish near the high.
This thread is in the "Economics Forum," is it not? Perhaps in another world near some distant star macroeconomics is not inherently political, but in our world it is. And speaking of economics, I saw this headline on today's Bloomberg: "Some Strategists Say 'Get Ready for a Peak Decade.'" If that's not a harbinger of a "Minsky Moment," I don't know what is.
ok so only dax went a bit higher, no rally in europe... cancel the call for tuesday for now lol. this method does not know the shape for everyday.... no big deal, it's basically how the boys work it - if the sheep are too crowded on 1 side of the boat they tip the boat over. just need to find out where the sheep are sitting.
over heard some restaurant cook talking on the phone a friend of his made like a few hundred bucks like 5x the investment and then they were like talking warren buffett and stuff lol. i am telling you - the dumb money is just starting to pour in. you gotta mortgage the house before they do! call the bank tomorrow.