gummy wrote:Subsequent to Sep 7, 2001 the TSE reached a minimum on Sep 24, 2001.
That's a period of 17 days.
Conclusion? The TSE will reach its bottom in 17 days.
Let's lick our wounds ... and relax.
In the chapter on this topic, he states one of the biggest myths is "the Federal Budget Deficit Myth". By reframing the question and looking at the Federal Budget Deficit as a % of GDP, he shows that Budget Deficits are good for stocks.
Now I am scared. Didn't TSE reach a new low (more than 10% lower than in Sep 2001) one year later in Sep 2002?
arnyk wrote:Ok straight up, let me say that nobody knows for sure that anything's going to happen.
Now, if you assume stock markets will crash, the optimal strategy is to short those markets.
Ronatola wrote:Arny - What does 'short those markets' mean?
I've always seen potential in GE... to go lower. It would not surprise me to see it at 27.50 in the next little while.
A couple minutes earlier wish had looked at it. Perfect. Selling here break 56.46... not a fun place to do it 13:33:02;
arthur wrote:Analyst with a pretty good track record predicts major stock market crash around October, over 20% decline.
mw wrote:Dow is off ~ 1130 points since spring high failed test of top, or almost 9%. So far the selling of last few weeks has been more or less orderly. Not a crash, but headed that way until proven otherwise.
Today US financials revisited the spring lows.
Look to NDX / Nasdaq as the tell (and RIM here) - it, and a liberal Energy weighting, are the primary sectors holding the SPX up from revisiting the spring lows.
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