Think that title sung to the tune from Madagascar.Recession? Forget about it!
Dollar tanking? Who cares?
Bear market? Nah!
Expensive Commodities? BFD!
Housing problems? There aren't any!
Wikinvest Wire
Tuesday, March 18, 2008
BigMarketLift, BigMarketLift
Think that title sung to the tune from Madagascar.Recession? Forget about it!
Dollar tanking? Who cares?
Bear market? Nah!
Expensive Commodities? BFD!
Housing problems? There aren't any!
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13 comments:
Always look on the bright side of life, eh?
Were back to happy days again lol.
All goes back to Soro's theories of reflexivity.
http://thevolatilitysoma.blogspot.com/2008/03/my-bsc-call-and-tmf.html
Wrong URL
http://thevolatilitysoma.blogspot.com/2008/03/soros.html
congrats on getting quoted, very cool.
I might as well just admit to myself that I'll never get it. The market expects a one point cut, only gets 3/4, but blows the doors off anyway. I don't get it, I really don't.
I'll never get it
or this one has confounded you?
This is exactly why i talk about avoiding big bets. Obviously I lagged big time today but had a nice pop nonetheless.
I don't think you need to worry about getting one day wrong but your comment reveals some good introspection.
Roger has mentioned several times that this is a normal bear market, which I believe it is. However, normal bear markets don't go straight down. Yesterday all the stars came into alignment. I posted this chart this morning:
http://www.regimenia.com/2008/03/classic-bottom.html
The rubberband was simply stretched too far - for now. I wouldn't be too surprised to see more gains over the coming weeks before we begin a new decent.
Good comment (and chart) TomK. As the pent-up bullish sentiment unleashed by the Fed's accommodation of Wall Street leads to second thoughts (and buyer's remorse) I suspect the next down-leg will come sooner rather than later but it has been a stimulating week thus far regardless.
Short cover raley!
Bargain hunting managers, short covering and speculators are all giving us a typical bear market rally, over in 2 and a half days, just when the average punters decide to buy in. They'll then call the market 'corrupt' and 'manipulated' when the bear market continues it's slide downwards. I know I've done that myself.
http://www.hussman.net/wmc/wmc080317.htm
"However beautiful the strategy, you must occasionally look at the results." -
Winston Churchill
T
Roger,
You do a heck of a job, and I'm certain your time is at a premium, but IF you get a chance...check out a blog titled "Sudden Debt". Its the second of my "daily reads', after your's, *s*.
Jan
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