The markets will correct when they correct. And probably not for a reason that most would predict - someone will be lucky enough to have predicted it and will be a guru for a day.
Totally agree. Everyone should be watching china and japan. If and when something everything will go nuts. At this point and perhaps for the last two years the economic stats have been worthless. Asia wants the comfort of centrally planned economies and have gone much further than anyone else thought possible in order to obtain them. Hello trillions of reserves. Its hard to make the case that asset prices are providing a true guide for anything. The world is not being run by free markets. The west is, the east takes advantage of free markets to run there domestic ecnomies the way they want to. There are no rules and China is playing tough. Its time for the rest of world to wake up, especially the US to wake up. The hearings in congress on china and japan have the potential to really shake things up.
What damage does it do to the company or economy when stocks rally more than they should? People on cnbc say its bad the market keeps rising like this.
Just wanted to give some quick shoutouts to all dipsters again who play the zero risk free money game to perfection: EqtTrdr, nyminitrading, allaces, stock trad3r, ByLOsellHI Congrats on the free $$$ all!!!
Let me spell it out for everybody else: Long spot forex USDJPY or EURJPY or NZDJPY or AUDJPY or GBPJPY @ 1:50. Or short JPY currency future. Or better: Both . Easy $$$.
http://www.youtube.com/watch?v=9ABAhOTofK4 Just trade with the trend. Why try to call a top? When the trend changes go the other way.
Ya know, I just can't believe you guys STILL try to predict the market. You missed it by 5 points! Pitiful... Just kidding. Pretty damn close! Good one!
Great post. Very true, except for the last sentence, IMHO. I don't think congress is going to do anything at all.
quote from Mymini... Something to keep in mind, this expansion is the result of deficit spending. Its not like its organic growth from within. Mymini, how very correct you are. Once again we borrow to spend on wasting assets, i.e., war, instead of investment. Oops, blam, there goes a toe. Blam blam, there goes two more. If we don't stop shooting ourselves in the foot we'll soon run out of toes.