Pabst, you are speaking way over some heads here. Try this: buy, Buy, BUY!!! That's the universal language understood. Your stuff about how world financials really work are trifling to the big picture. Just go long and sit on it for 100 years... bear markets are a thing of the past. They ain't fashionable no more. Of course, any trader who was long & holding obviously doesn't watch every day of live market action. Why would they? Show us someone who is a buy & hold disciple and you'll see a person who has any smattering of a life with zero need to even visit this forum. Right, or right?
Pabst hit the nail on the head. That's the problem with the equity guys. They just dont understand right from wrong until money is removed from their pockets. That time will come during the next period of resets. Anyone who says the fiasco is over is DEAD WRONG. Hell, even the creator of these issues was asked how far are we through this....he said we've only just begun.
I think so too. I agree with Pabst tho that the way the news is perceived has changed. However that doesn't mean the market will only go up; imo it only means the bubble will grow faster. But it will explode in near future; there is only so much you can do with rates. A bad economy is a bad economy and you just can't sustain the 10-fold growth level globally with the same amount of oil, or less. I think the bing bang will come when it is seen that US exports didn't grow, despite a dollar that is only worth half. Ursa..
ROUND 3 DING! GL guys. Put your shorts on. Things are expected to get much worse. Straight from the financial sector.
Well, this ex-perma bull was there. I weathered Sep 98 easily and thought that was the worst I would ever see. Wrong! Year 2000 was lurking... There is a year 2000 waiting for you too, buster. You can't possibly weather a 50% decline like 2000-2003. Not as a perma bull.