Print off a few of your recent posts and take a look at them in 1-2 years. Then ask yourself what you missed. You are failing to look beyond US borders and the earnings reports are strong mainly due to international business. Look at the Canadian banks. What aspect of the US economy has affected them and limited them to ONLY billion dollar earnings reports ? Their US operations are in general mediocre lately but the OVERALL earnings are strong. So what are those banks doing ? They are looking to buy up US operations at distressed prices, so that when the US economy recovers they make money off it. Yes, there are idiotic US companies like Citibank. But look beyond them to stronger companies. Look at the new m&a activity which suggests many US firms do not agree that the future is bleak. Who do I believe more ? Intel, TD Bank, BHP Billiton, ... . OR the permabear Elitetraders who insist the sky is falling over and over again. Well, I remember the posts when S&P 500 hit 1041 and it was obvious techically the market was going up, that the permabears here were even more adamant of an impending crash. Boy, what BAD TIMING !!! Ok, I admit there is some chance the US markets could fall, but hedge your bets and invest in other countries or strong multinationals you'll be fine.
oh boy, if you are relying on anything canadian to lead some sort of recovery then it's not looking good for the world. stone age here we come...
Typical dumb American nonesense, the US really needs to beef up its education system this is part of the problem. George W. Bush was your leader for god's sake, kind of symbolic of a country gone wrong and change being forced on them. Just what kind of populace elects Bush for a second term ??? Really now, its truly embarrassing.
Really, really now, just shut up. You're from a country that has "cheap" (price-controlled) meds because you free ride the R&D of U.S. pharma companies. Much of your wealth is due to natural resources. I mean do you really want to compare the cars, computers, appliances, etc. that you produce to that of the U.S. or Japan? I didn't think so. So much for your snooty attitude and "great education.' No wonder you love our current president, who never had a real job and couldn't run a lemonade stand.
Correct! It goes like this .... and is on page 2 .... PRIMARY Bull starts from 1700s, rises into 1929 top, corrects into 1932 low, then continues north into 2007 top - then corrects into 2016 low. Then continues north to 2090. This thread is only dealing with the segment 2000-2016. And within this segment there are smaller trends like the one we are in now from March 2009 to current.
Instead of just looking at PRICE you're getting caught up in all these FUNDAMENTAL seesaws that you ought to know by definition, lag PRICE. PRICE already knows that almost every trick in the known book will be thrown at him to try to stop the downdraft. He also knows that ALL attempts will fail. Because his defense is "within the unknown"
There is one item that if you understood fully, you'd have no trouble agreeing with me .... follows below There is one BASIC-BASIC that if you truly understand, you will see that it is futile to try to stop this thing. The game is rigged on a 5-3. That is the structure of the HERD collective. So just get out the british data from the 1700s - I posted it elsewhere and count the waves on monthly. You'll see exactly 5 leading into the 1929 top. Then count 3 down into the 1932 bottom. Then from 1932 count 5 waves up - ended in October 2007. Therefore 3 waves down are expected that will at the very least retrace a substantial portion of the rise. End result for Dow Jones into the sub-1000 region expected, i.e. into the 17-yr consolidation that ended in 1982 or lower because all Manias retrace beyond the start. Then it will be over and the next bull will get going. That too will run 70+ years and credit will be the fckup.
I use Nas composite for the calculation. In any event I did the Nas/S&P weekly as per your post - weekly trend bull signal on 9-7-07. Still ongoing. The mov crosses confirmed the new bull run nicely back in 9-7-07. Point here is that the Weekly Nas/S&P did not accommodate the Nasdaq's actual 2008 collapse. Had one relied on the weekly, one would have lost out bigtime and had a few heartattacks in the process. But the Daily timeframe did it magnificently well - for this current bull for exsample, entry signal to go LONG on Feb 10, 2009, one month before everybody else. Current exit = short signal on 7-6-2010.
I don't remember hearing the estate tax. If he's talking taking assets once a person dies, I don't have a problem with that. Force the kids to go to work. I'm in favor of high estate taxes. Regarding doom and gloom, the government is responsible. They cannot be taking it out on LIVING citizens.