The stupid man is the one who is in the rally and gloats because they think it is him that has caused his gains not the luck of being in the market at the time. I myself was in the rally too but you don't see me or others tooting our horn.
I wonder if wheepo was in the market for the 18 months of downward price action prior to this rally?:
wonder.
While i don't believe a word that wheepo says, i would say the stupid man is the one who has been OUT of the rally, not the one in it.
If long term valuations revert back to the low P/E ratios reached at the end of the LAST secular bear market in the early 1980s (normalized P/E of about 8) … that means the S&P 500 could, conceivably, FALL another 50 percent in value from here!
Where's this dead cat bounce everybody is talking about? It looks like a rally that as of last week stalled a bit then is continuing to rise again
It is exactly because of the timelines (5 years vs. 2 months), that this rally is a bear rally until proven otherwise.I think based on the timelines and market viewpoint being applied here that the 2003-2007 bull market was really nothing but a big dead cat bounce off the 2001 lows!
Beej
It is exactly because of the timelines (5 years vs. 2 months), that this rally is a bear rally until proven otherwise.
Just look at XJO's monthly chart. You think market has made a huge move, but big picture wise, it is still only a small retracement.
What does the Top Cop at the US Federal Reserve know?
Doesn't sound like they know whats going on at all.
Those who have not watched this video, please do...
This is an insult, not only to the US, but to humanity!
How disgracefull.... and sad....
After looking at that, I wonder how any one can say we on the road to prosperity again, nine Tril,and no one wants to know about it , heaven help us .
The road to prosperity is to continue to consume and borrow more and bring forward future demand to "kick start" the economy again.
Of course, no one wants to know the truth because they would like to have the cake and eat it too. Free lunch is too much of an opportunity to pass.
I have absolute no faith in the government's ability to reverse this structural change at all.
If you look at the 2 year AXS chart the current surge is no more than another spike in a downward trend.........
Solution for US:
-Slash military spending
-Slash foreign aid
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