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This is a gimmick perpetrated by traders who want a nice drop and a chance to buy stocks cheaply so they can make a mint on the rebound when people settle down and buy again. Betting a lot of traders will be buying tomorrow or the next day, hoping to reap a windfall on the market bobble.
Looks like a good time to take the safety money out of bonds and toss it into blue chips.
Another big gain today:
TwoScoopsPlissken saysAnother big gain today:
DJIA is up 0.44%, but NASDAQ is down 0.56%. What up with that?
You have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically.
mell saysYou have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically.
So then it sounds like you're saying inflation has risen dramatically. Either way I still see the same outcome, though I don't think we'll drop to Venezuela like levels for a few more years. I'd say crash this year to 10,000.
Wow, I can see no less than 15K and even that would surprise me.
Are you willing to short (some of) the market here?
mell saysWow, I can see no less than 15K and even that would surprise me.
In '08 it was roughly 50% right? Using that same measurement, and subscribing to Rothbard's theory of each boom/bust cycle being more spectacular than the last, until manipulation is removed from the system, I think 10,000 is conservative.
mell saysAre you willing to short (some of) the market here?
I'd short Apple tomorrow if you can guarantee me that regulators won't ban short sales when the market plummets.
Another big gain today:
TwoScoopsPlissken saysAnother big gain today:
,93% is a big gain? I really want some of what you smoke.
Fellow PatNetters - start taking screen shots of your posts, comments and threads.
errc saysYou can like your own post and it will email a copy to yourself
because a certain feathered animal said so?
Is this the plan for the grand finale of the military parade?
I'll know the markets up when liberals ignore it like they did most of last year except on a few down days.
It is another 1,000 down today-interesting.
Notice how its been wildly unstable since the memo was released? Color me, surprised.
It's only newsworthy because our President makes such a big deal about it when it goes up.
If he owns the increases, then he also owns the decreases.
Haven't quite a few here given Obama credit for the last year's run up? You know, following Obama's trend line (of gaining 600 points for 2016).
So this downturn, IS ALL OBAMA's FAULT.
anon_2d3fb says
Haven't quite a few here given Obama credit for the last year's run up? You know, following Obama's trend line (of gaining 600 points for 2016).
So this downturn, IS ALL OBAMA's FAULT.
Sure--give Obama credit for the entire rise and then you can give him credit for the recent fall as well.
Just be consistent. That's all we're asking.
S&P 500 is down 10.15% from the high. Officially a correction
Booger saysS&P 500 is down 10.15% from the high. Officially a correction
Yeah but these things we don't know-in hindsight it will be very clear-a pause or a massive leg down?
Sure--give Obama credit for the entire rise and then you can give him credit for the recent fall as well.
Just be consistent. That's all we're asking.
So far I haven't heard a good explanation even for this correction, let alone a potential "massive leg down"
It's a steep slope down the other side of that mountain...
Satoshi_Nakamoto saysSo far I haven't heard a good explanation even for this correction, let alone a potential "massive leg down"
Really!?
Try massive inflation of a currency backed by nothing, coupled with wild speculation, all at levels unheard of in history.
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