So first you think a correction is a 10% drop in one day and now you think there is nothing fundamental predicting a crash? You want reasons? Home sales at ALL TIME low Home prices are headed back down while mortgage rates are also at historic lows and the govt has been giving away $8k to anyone dumb enough to step in front of that freight train Most measures of economic health are rolling over despite the biggest stimulus package of all time (final sales, GDP, Durable Goods, and on and on) The banking system only exists due to suspending accounting standards and putting them on govt life support via free discount window money ECRI is ~-10, which has ALWAYS preceded a recession. Credit is still contracting despite ZIRP Individual stocks are still having flash crashes to $.00001 after the May 6 event (a 10% correction in one day!) Mutual fund outflows are 50 billion for the year, retail has taken their ball and gone home We are STILL shedding jobs Debt to GDP is going parabolic with nothing to show for it Consumer confidence is 68-69, avg for recoveries is 90, avg for recessions is 73 How big would the straw REALLY have to be to break this camels back? Amen.
Call me a cynic but you sound like someone shorting the market like crazy and getting frustrated you are getting nowhere fast. I suspect if you are fully invested in this religon you will be squeezed hard ( again ) in the next few months. I will say the US economy is far weaker then the World economy, so if you hold that position long enough ( perhaps years ), you may do ok eventually, but only if you bail on your shorts before the inevitable market rebound occurs. This is an investment forum. So do tell us exactly how you are invested TODAY to profit from your religon. Be specific.
One can always make a list of reasons to have a crash, or a rally. They mean nothing. We just have to trade what is.
Why dont you be specific why your 2 data points are not closer to a religious conviction than the dozen I laid out, your holiness? Also, this is a TRADING forum. BTW you know what happens when you assume things...
Your post is illogical it is not me making grandiose predictions about market direction. What "book" are you talking about I trade long and short almost every day ( the US market has been in a channel all year ). In fact, a market crash would be highly profitable for me, but I think it is irresponsible for people to post events that are highly unlikely to happen.