Stocks and market levels are headed to 02/03 levels. Whether we find a bottom there...well we shall see. take a look at stock prices for just about any stock and the prices for that stock in 02/03 this will be THE WORST RECESSION we have had since the great depression. Just add up all the problems in the economy of this country and countries around the world. So many sectors need to be bailed out, financial co's, auto,s home builders, insurers.....it's surprising that the markets have remained at the current levels and haven't crashed and taken out trading curbs several times.
yes, its heading lower....but bear markets have tremendous rallies. i am stalking some buying opportunities as the snap up will be sudden and quick we have gone down for a year. a retracement is inevitable.
Bring on more rallies pleaseeeeeeeee Been adding inverse ETFS LEFT AND FU$KING RIGHT!!!!!!!!!!!! These last few days I have added: FXP DXD DUG TZA FAZ This rally is nothing but yet again a strong bear market rally, you would have to be a complete fool not to sell into this strength, the bull market isnt returning for at least 5 years so take these bear market rallies for what they are worth and get the HELL out before we drop another 1000 points back to new lows. See everyone back here below 8000.
About as convincing as a 10-year old bully crying "take a punch at me...I'm not scared" while visibly shaking...