WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dear god, do you just make this up on a whim???? S&P driven by earnings huh? human emotion has nothing to do with it??? TA is BRILLIANT for loger term forcasting.
here is an example proving my point http://www.eurekalert.org/pub_releases/2002-12/uoc--smc121402.php never happened and another: http://www.zealllc.com/2002/spcrash.htm never happened
the compelling reason is when: 1. there is massive money flow into AAA bonds 2. people are scared 3. inverted yield curve 4. Collapse in housing (you should research the correlation here) 5. governmetns try to slow down major economies (see 1987 for an example there) 6. cheap money ahs been sloshing around for a while 7. 4-6 years into an up cycle 8. all analysts go poritive do i need to go on? I think i have been telling you for monehts to be on the lookout for this...you REALLY dont do your homework do you? you OBVIOUSLY DONT HAVE A CLUE when to do so.
hey dumbass, do your own homeowrk. just becuse 2 nobodies make bad calls doesnt mean that technical analysis doesnt work. you havent proven anything
are you still long???? have you every actually owned any stock or taken any positions??? i would LOVE to see a blotter with your account. I would bet dimes to dollars IF you have one..it is less than $10k.
Some of those issues are ongoing and others are trivial. If you look back in history there have always been lingering problems. The economy is sound and fundementals are strong. Unemployment is low, oil is stable. In addition most stocks arent overextended as they were in 2000. For the past 30 years there have always been setbacks in the market but they tend to be brief. Buying quality stocks during setbacks is the best way to beat the market.
Stock, hey bud I think you are losing it. Paying up for peak earnings in an economy that is in slow down mode is a recipe for disaster. You are a train wreck waiting to happen. The mkt has changed colors and you are a deer in the headlights.