Why the US is deteriorating into a recession. Word Inflation spiralling out of controll. World wide housing and financial crisis I haven't mentioned everything and the list is growing by the day.
The DOW may well rise another two or three days. 'So what' reality will hit and when it does don't say you weren't warned.
Agree with you Bean but you are usually the one following the lead from day to day fluctuations of the US market.
Yes the bull out of Wall Street just allows more of the smart money to reposition so as to take it off the mugs. We will see in a few more days how it pans out.
What are you blokes going to do in a bear market?Tell everyone how things are going great and a bull run is just around the corner....lol
p.s. now would be a good time to pick up some cheap houses.
Well with the Dow potentially up again do you know what its time for all you bear market rampers to do now? Its time to stand up and say:
WRONG AGAIN.
Oh, whats that.........tomorrow night did you say.
Yes, wrong again. All back to normal - what was I thinking!
Well with the Dow potentially up again do you know what its time for all you bear market rampers to do now? Its time to stand up and say:
WRONG AGAIN.
Oh, whats that.........tomorrow night did you say.
Agree with you Bean but you are usually the one following the lead from day to day fluctuations of the US market.
Yes the bull out of Wall Street just allows more of the smart money to reposition so as to take it off the mugs. We will see in a few more days how it pans out.
With all the doom and gloom from everybody maybe we should be aware who is taking who for a clown ?
The consensus seems to be that the smart money is selling into the latest good news.
Just maybe they are buying from all the people with the doom and gloom outlook.
For the moment at least this thread is looking a bit outdated. We've had 2 siginificant corrections this year and everytime the doomsayers have been saying that this is the end of the bullmarket.
Well guess what, the corrections will only lengthen this bull market IMO. When the market fell to the mid 5,000 mark earlier this year I predicted will hit 7,000 points sometime this year. I'm still hoping it will. DYOR
Lighten up a bit dhukka.On the contrary we haven't had any significant corrections this year, we had a mild one in August. Who were the doomsayers that called an end to the bullmarket? Do you have links, names, dates?
To summarise your argument: because the market has rallied after 2 minor corrections this year it will continue to rally. The market will rally to 7,000 points sometime this year based on your hope that it will. :bonk:
Mild correction? More than 12% is fairly significant isn't it? 6-8% is a 'mild' correction perhaps.On the contrary we haven't had any significant corrections this year, we had a mild one in August.
If we've had a 'significant' correction, then this point may not be valid.To summarise your argument: because the market has rallied after 2 minor corrections this year it will continue to rally. The market will rally to 7,000 points sometime this year based on your hope that it will. :bonk:
Hi Kennas,Mild correction? More than 12% is fairly significant isn't it? 6-8% is a 'mild' correction perhaps.
If we've had a 'significant' correction, then this point may not be valid.
Unfortunately, I can not do a semi-log chart, because I am an amateur, but it still looks to be trending up to me. While it's still above the 200d ma, I believe that means it's trending up......to be corrected of course.
Lighten up a bit dhukka.Its only a prediction and you must say not the worst one at the time. Many in the media were quick to scare many investors and call up pessimists. As for links, names, dates etc I'm not a member of the FBI. The correcion in Aug 07 was around 15% from its high to the bottom. If you take a look at the spec end of the market its still largely in the doldrums.
It also seems that you like to pick a few fights, so why not take up boxing?
DYOR
Mild correction? More than 12% is fairly significant isn't it? 6-8% is a 'mild' correction perhaps.
Unfortunately, I can not do a semi-log chart, because I am an amateur, but it still looks to be trending up to me. While it's still above the 200d ma, I believe that means it's trending up......to be corrected of course.
Greggy, I regularly pound the boxing bag at the local gym but also like to take a few shots at hollow posts with nothing to back them up. A 15% correction significant. Don't know about that, I'll concede it was more than minor maybe moderate would be a better word?
It is only a prediction but a prediction based on what?
do you know what its time for all you bear market rampers to do now? Its time to stand up and say:
WRONG AGAIN.
Dhukka, so you reckon my post was hollow, how nice of you to have added me to the list of people you've insulted. Its indeed been a growing list. To do so you probably think that you're better than the rest of us.
At the time of my prediction many people were panicking. I felt that the economy was in good shape and that the mining boom would continue to strenthen. The market is trading on reasonable multiples and that when positive market sentiment returns that the bull market would continue to strengthen.
We're in a bull market for a reason. But obviously that's past performance...Yes the long term trend still seems to be in place. The point of this information is?
Yes I seem to have underestimated the fragile emotions of the delicate flowers on the forum who react more to what they see as insults than to any productive arguments.
Thanks for this, this is what I'd call a decent line of argument with evidence to back it up, wasn't so hard was it?
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