Small correction or the start of a bear market?

Discussion in 'Trading' started by S2007S, Aug 10, 2007.

  1. S2007S


    I bring this question up because about 90% of the talking heads on cnbc think this is a minor correction in a strong bull market and that the rally will resume once again. I dont think anyone can take the pressure of thinking that this could be the start of a bear market that could drop the markets 15-25% from its highs.
  2. Once again, we find you watching and listening to CNBC as attentive as ever.
    Big mistake.
  3. Seriously, what gives?
  4. never, ever listen to that channel

    not ever
  5. I think it's the start of a bear market. But I was wrong once before.
  6. ggoyal


    they want you to think that its a minor correction. even when the dow dropped 300 points yesterday, those assholes had at the bottom "dow still up about 8% for the year". if someone were dumb enough to believe what they say and see, and think to himself, wow this is a nice dip to buy into, he might be shooting himself in the ass.
  7. una11


    Commercials are massively net long while specs are massively net short...something to think about (hint: at the 2000 top it was just the opposite).
  8. ahhhhh

    The daily double bottom defibrillator liquidity boost has kicked in.

    That massive shot of repo had to go somewhere.

    Now if only they can keep the patient alive.
  9. :D
  10. Do you work for CNBC??? I mean honestly, you never shut up about them.

    You are like a teenage girl with a crush on Justin Timberlake the way you swoon over CNBC

    #10     Aug 10, 2007