This happened in the overseas markets, lol.
Why the market is moving bearly, and it will likely continue, from Hale "Bonddad" Stewart:
http://www.huffingtonpost.com/hale-stewart/im-calling-a-bear-market_b_82594.html
Below: The stimulus package is totally wrong-headed when debt is the problem and inflation looms as a real danger.
Can you say stagflation? Carter era?
-- Modified on 1/23/2008 9:32:55 AM
A realistic assessment! does it then make any difference who wins the '08 election?
Oops, maybe the sky isn't falling after all. The market closes up over three hundred points.
I don't put a whole bunch of stock into what the market does hour by hour, or day to day.but since you obviously do, especially when it's down. I was wondering how you're going to spin this.
Zin, as I've said before, you are a horrible prognosticator , but you sure are good for a laugh. I eagerly await your next prediction.
Look at what the stock markets has done over the last five months.
It wasn't a prognostication I was giving there-- you know? I was quoting it?
Now, not a prognostication: it is my opinion that the economy has far too much debt. Can you believe that? So weighed under debt, US consumers can't handle being the buyers of last resort. The government, in so much debt itself, it probably doesn't have this flexibility to give this stimulus, which won't come around till July-- maybe.
Do you want something optimistic? Okay, the debts are being repaid, the mortgage crisis is over, the dollar will strengthen, the price of oil will come down, our manufacturing sector will recover, employment will soar, our education system will be reformed, we'll train people for tech jobs and take them from India, and this will all be done with no recession at all, much less a steep one.
There, some optimistic predictions for you. Can you believe any of them?
In that case, I have some Florida real estate to sell you.
The real pain will get here in 12 - 18 months.
when it suits your prurpose. You seemed to put a lot of stock into it a day or two ago when the market dropped three hundred points.
The stock market goes up, the stock market goes down, as do all other financial markets. You just like to cherry pick the results to suit your own preconceived opinions. No matter what opinion a person has, there is always some "expert" to lend credence to it.
I gave you an analyst who cited charts from markets over the last 5 years. You came back and said the market went up 300 points today. We seem to be miscommunicating here.
I don't find a bear market to be bad news, it's just boring really. Cherry picking the news? In case you haven't kept up with current events, the Fed made a swift cut in interest rates after watching the overseas markets. George Bush is putting through a stimulus package. I'm not the only guy who sees warning signs here.
So far you haven't really answered any of the points I've brought up, about debt, about an over-leveraged mortgages, etc. I'll take it to mean you have to ignore them to stay optimistic.
the nasdaq 100 was at $54 3 months ago. today it's at $44, a 18% decline and TODAY this fucknut comnes out with his "declaration"?????
Fuck, that's like a chick telling ya she's got HerpesII AFTER you gave her an hour long mustache ride, then rammed her pile driver for another hour UNCOVERED!!!!
FAct is, he probably had HIS clients exiting back in November.......
at least if he's wortha shit....dontcha sEE?
GA gambler seems to have argued the opposite. Judging the market move by a simple short term three month fluctuation? Hell, the nasdaq went up one percent just today. You should be straightening out his optimism with your optimism.
This isn't officially a bear market. If he's a market analyst, I'm presuming he's not telling us everything he knows-- he'll tell his clients more, but not everything.
This happened in the overseas markets, lol.