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Post by walnut on Jan 2, 2014 1:22:59 GMT -5
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Post by clinton on Jan 2, 2014 7:29:35 GMT -5
I bet if you made a chart of price of the SPX compared to currency creation of the world you'd see that stocks really havent recovered pre 2008 levels at all.
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Post by clinton on Jan 2, 2014 7:48:17 GMT -5
Dont be surprised when the $1 orange sells for $10
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Post by walnut on Jan 2, 2014 9:06:42 GMT -5
My wife's family own textile factories in Indonesia (they are Chinese) and they were complaining that the US dollar kept going up over the last few years (they buy cotton from the US). That sort of surprised me, does not fit into the narrative that we have been assuming.
Until this corrects appropriately, going forward any time the market is dropping at all, I am going to assume it is the big one, and that there is no support.
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Post by huh on Jan 2, 2014 9:13:42 GMT -5
Something about the scaling of this chart, but it still really takes my breath away, and makes me concerned... Did anyone see CNBC's FM earlier this week when they had on "The Godfather of Charts"? He said that he could see a 10-15% pullback, but that it would be longer term bullish. The desk sort of flipped out, especially Seymour. You can't tell me that pros would actually think we wouldn't get some sort of pullback this year. |
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Post by walnut on Jan 2, 2014 9:17:58 GMT -5
I'm still bullish, just getting very cautious now. I kinda believe them when they talk about crazy high DOW coming. but I'd like to do a better job of protecting myself when this does correct.
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Post by erukixexoqe on Jun 3, 2019 18:29:45 GMT -5
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Post by acagekikino on Jun 3, 2019 20:32:56 GMT -5
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