Hey Blue, you've been awfully quiet today. If you learn one thing about the markets, please learn this. When you think you know what the market is going to do please assume you don't know. Don't feel bad about it, because no one knows Moral of the story: Adapt to whatever the market is willing to give you, and don't jump the gun. Now that being said, the market may very well drop big time, but as far as I'm concerned the trend is in effect until it isn't. Now that is pretty simple.
Blue is a one trick pony. Made a lucky call and once proven wrong he retreats. The markets are rebounding as I (and others) predicted they would. It was innevitable. Look at the 3 month history of the nasdaq in candle chart. You will see simar selloffs as yesterdya but they ALL rebounded. This is no different. It would take very bad news for the markets to crater and then not rebound. This is a fundementals rally and the fundementals are stronger now than they have ever been in the history of the stock market.
1. sounds just like you. 2. dead wrong...the last 2% correction (as in the nasdaq) was in june. there have been ZERO similar corrections the past 3 months. 3. Nope...markets cycle. they go up and down sometimes independent of the news. 4. stongest fundamentals in history???? says who? by what measure. where do you get this stuff????
It's a constant pattern on ET, one triple digit down day and all the genius bears are start screaming sell off. You guys are acting like total "dumb money" that uses stock brokers for their market expertise and think that if there is ever a negative day in their stocks & the indices that something is totally wrong and it's time to panic. Before proclaiming market genius, learn some basic fundamental numbers behind how these markets are valued by institutions who only see more and more cash available. It's actually common sense that when the USD sells off by x%, the US equities should actually go up by a certain proportion of that %. But of course the smart money allows the fools to rush in and short the market down, like the total suckers they are.
1. Um maybe cause I posted it??? 2. Look at the 3 month candle chart for the nasdaq. There was a similar magnitude selloff in mid Sep. and another one in early Nov. It doesn't matter if the correction takes one day or three. Magnitiude is what counts. You can see a solid trendline at the bottom of all these selloffs. 3. Markets cycle (with an upward bias) based on news, uncertainties, and fundementals. The markets soldoff in May in 2006 cause of fed uncertainties. It isn't random. 4. In terms of growth & revenue for the stocks listed on the S&P 500.
Guru, I am short, as you suggested. What should I do now? What is the smart money doing ? Anxious BS' adept
well frankly, I think the bear-argument is shaping up quite nicely-----------just focus on oil tomorrow--and watch hedge funds screw with the economy again for their short term profiteering! Everbody had to pay 3.00 gas just b/c of their bull manipulation---they left.....but if they come back........all that bs about moderating energy costs for consumers/corps goes out the window!