I guess if you keep predicting it's about to happen and then it does you will eventually be right. Even a stopped clock tells the right time twice a day.
Well, we've had a Fed-induced, slow-motion "melt up" with all the HFTs participating. A couple of flash crashes are in order just to balance things out.
i am the worst market timer there is. if only i could learn to trade the opposite of my own predictions! actually the weekly poll threads are not about me making predictions. they are about discussing market directions and assessing ET sentiment.
how can there be a crash when retail investors have pulled out most of their money, Etrade and the like are showing weaker profits based on less daytrading. On top of that, the manipulation of the stock market is beyond obvious. So, you really think there can be a crash? LOL Odds are more infavor of a flat, sideways market for years before a crash.
The latest Spectrem Millionaire Investor Confidenceâs Index, which polls people with $1 million or more in investible assets, rose substantially in October. Spectrem Group, a Chicago consulting firm, said its Millionaire Index jumped six points in October to the highest point since the good old days of December of 2007 http://blogs.wsj.com/wealth/2010/10/27/millionaire-optimism-reaches-3-year-high/