My free market advice...

Jarod said:
Emotional illrational selling over the last three or four days.
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What makes you think it was 'emotional and irrational'?

The long term technicals have been negative since April. Short and intermediate turned positive while the market flipped from 9800 to 10700, but long term stayed negative. The irrational move was that from 9800 to 10700. It was based on the media/government/wall street trying to pump up any and all small pieces of good news while ignoring the bad.

This downturn over the last several days also comes on the heels of the Fed stating they are looking at ways to stimulate the economy again due to concerns they have for the future. When the Fed makes comments regarding concern over the economy, the stock market is right to price in those concerns.
 
Superfreak said:
What makes you think it was 'emotional and irrational'?

The long term technicals have been negative since April. Short and intermediate turned positive while the market flipped from 9800 to 10700, but long term stayed negative. The irrational move was that from 9800 to 10700. It was based on the media/government/wall street trying to pump up any and all small pieces of good news while ignoring the bad.

This downturn over the last several days also comes on the heels of the Fed stating they are looking at ways to stimulate the economy again due to concerns they have for the future. When the Fed makes comments regarding concern over the economy, the stock market is right to price in those concerns.
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You may be right, lets see what happens in the next week or so...
 
RStringfield said:
Mine is to invest before the elections. I don't know in what but, I am not so sure it will matter exactly when. Things will improve once we throw some wrenches in to the machine.
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Things already are improving and will improve more once the Republicans dont see a pay off to bad mouthing the recovery.
 
cawacko said:
What do you point to as signs of improvement?
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well, he reached up his ass and pulled out his 'market advice'... he just now realized that it wasn't 'advice' but rather a handful of shit.

Kudos though to Jarod for admitting he was wrong. That is a demonstration of character.
 
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