Does an outside day have any statistical significance? I know inside days do especially if the range is particularly narrow but I always wondered about outside days. In my experience I would say that they don't.
It would be good and healthy to have a correction in the stock market. Say 5% or so, would remove some froth. I think we will correct starting now. Not a bear market by any means, you can't have a bear market when the fed is printing so much money every month, ceteris paribus. But a correction is quite normal. Would be perfect to buy in for the longer term.
http://thepatternsite.com/BearEngulfing.html the gloom and doom part was a poke at the perma bulls; i have issues like everyone else. they statistically do not have much follow through but like ammo said a test.
never say can't just like never say never. words of wisdom from my old man. i don't believe the fed can back stop a black swan.
And it makes sense to be short stocks if the dollar is doomed? Take a look at Zimbabwe's stock market.
anyone have a daily chart of the Zimbabwean stock market? I bet there were several corrections of at least 5%