Credit bubbles never end prettty. This time should be no different. Personally would like to see a few rallies here and there. Basically, we are just starting another credit bubble with these cuts again and the whole thing comes full circle again... I don't know what the freegin solution is....
Come on people, obviously we had to retest the lows especially with that apple outlook. Now we have a nice double bottom to trade off of. I have a bearish outlook for the next year at least but we should bounce here in to the end of the month. The pre open bids are not nearly as harsh as they were yesterday, for example I saw bids yesterday of 38 and change on HPQ, this morning well above 41. By the way if anyone still believes in the PPT why weren't the futures up overnight? If there was ever a time for them to act it was last night. Fact is they don't exist in the way many on ET presume. Looking for 1370-80 in the next few weeks on the futures.
I really still dont believe this is the start of a multiyear bear. The last couple of years, the ascent of the market wasn't overly exagerrated. It wasn't like the ascent prior to the dotcom bust. I honestly would like to see another run for the highs but this time, in a very short period of time finishing off with a blowoff top. Until I see that, I don't believe we'll see a prolonged selloff.
It would take a sneak attack 375 bp cut to 0% to hit all time highs again(in a short period)lol I just want a fresh new trading range.
===================== Yes well that's the down-trend in most, not all sectors; so more downside likely, as you say. Probably not worrysome to those who are working sectors uptrending, even if not many of those.LOL
You underestimate this bull too much. Look what happened to you last year. Tread with caution, pump. The market isn't this transparent, it's meant to screw the most people.