That went away. Stop trying to predict the collapse. It will happen, someday. That could be tomorrow, or it could be 4 years from now. Just play the trend. Right now, the trend is for easy money. Just get it while it lasts. Free meats and cheeses.
Housing is dead, so people are pouring their money back into the markets instead. Housing returns are going to suck for a decade++
Those minutes were nothing but bearish, I guess the trend is still up no matter what the economy does. I have a friend that is in the contracting business and says it hasnt been this slow with his business since the late 80's. I guess Ill pay no attention to the layoffs as well, housing collapse and inflation. Only 100% risk free money to be made.
You know darn well you cant get long right here right now, you have convinced yourself things are bad and getting worse. Your subconscious wont let you trade.
Doesnt the reports on inflation and housing foreclosures suggest there are plenty of rough times ahead for this economy yet the DOW just moves higher and higher, I will continue to mention that the higher this market goes the more severe the correction will be when the bear does decide to show up. The DOW could easily make its way to 16,000 but I would not rule out a 20-30% correction if this were to take place. Bull markets dont last forever, this one is nearing 5 years already with most averages up over 100%. It was sure funny to see the markets break out to new highs and the semis trade negative all day.