The market in its simplist form is fear vs. greed. There are real people with real emotions pushing the buy/sell buttons. This is not going to change, this is reality. The only delusions here are from you trying to tell the market it's wrong.
What is it based on ? Fear? Doom & Gloom? Negative Sentiment? Personal depression? National pastime of pessimism? Or thereabout a lack of Psychiatric care? Oh mama I would love to hear you scream a rational answer into my ear- now go back resort to your drinking binges over the weekend.
Stock market is based on the premise where securities are bought or people go long. Stocks have a natural tendency to go up. They always do in the long term.
Yes. Anyone who thinks that it's possible that the economic data that's been released recently, along with waning consumer sentiment, and vanishing housing equity, may drag the equity markets lower, or at the very least, neutralize gains, is a depressed, drunken, USA hating, mentally ill, leftist pinko commie, with a sexually transmitted disease of at least one variety. You're astute.
I figured I was dealing with winos and bottle chasers.. lack of ability to come back with an intellectual rebuttal isn't unique to your posts, its the general norm on this forum..
Will you at least admit that the last 7+ months, the markets have been trending lower and lower? Look at a daily chart of the S&P, at least admit there is a down trend that has been going on for some time. Forget doom and gloom, I'm only talking facts based on where price has gone.
Yes I agree with you on a Technical basis. The market have long term down trend. Thanks to our negative sentiment and insecurities and lack of confidence. Markets are a confidence game and a lack of therefore pushes prices downwards. Fear of recession has done more damage to the Technical picture of our financial markets than the recession would have. In other words the Lion hasn't roared yet.
Oh mama...? Ha ha. Here's a nice little site, I hope your reading comprehension levels are up to it, it's called "A Beginner's Guide to Economic Indicators". http://economics.about.com/cs/businesscycles/a/economic_ind.htm