I'm not qualified as an expert but I'll comment just the same. "NEVER to be seen again"?? It's a shell game..nothing more. We're in the same boat, just a rising tide for several months in equities.
Hate to break this news to you, but the WSJ is the press. They are notoriously wrong. There is probably no better contrarian indicator over the years than Barron's cover story. Well, except for Cramer.
DJIA has crossed over its 50 day moving average 3 times this last week. Its a very bold bullish omen. IBD has called Thursday as a follow through day... Bulls are back..
The thread was started almost 2 months ago. I just find it comical that people think things are going to change because a certain level was reached, be it up or down. At some point, someone needs to do something about the fundamentals to improve them if improved results are desired. You can't keep borrowing an additional $2 billion per day, every day, just to live above your means for decades, and expect anything good to result. Imported goods are now 14% of GDP, and Industrial production is only 12% of GDP. It means its all structural.
Agree. Also, this is would be a great time for terrorist to attack us. It would be a terrible devastation. Our FBI and CIA guys are doing a great job for that not to happen but who knows.
dont remember for sure but i think it was 95% ot the things u worry about never happen, so if you are a worrier u use 95% of your life for 5 % of the events