To: humble1 who wrote (8835) | 8/29/2012 9:24:31 AM | From: zman69 | | | Very good point on the Draghi hat tip to Greenspan's "irrational exuberance". We truly are at the mirror image of the late 90's when the Sheeple were stampeding into stocks at record high valuations relative to bonds/cash. Now we have the Sheeple bailing out of stocks en masse and into bonds/cash at record NEGATIVE real yields. The link below is a nice illustration of stock/bonds relative valuation.
markettrak.com
It's truly a "Pessimism Bubble" and it is not a question of if but when it will finally pop. |
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From: humble1 | 8/29/2012 11:23:04 AM | | | | Top Story: "Federal Reserve to Crash the Markets" ... this was the top story at google finance side window when i am posting it. It discusses the crash, 1987 style, and financial armageddon, apparently sometime in the next couple of weeks:
etfdailynews.com |
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To: robert b furman who wrote (8836) | 8/29/2012 11:39:17 AM | From: humble1 | | | Bob: you might get your wish. i can see today's low as the end of a wave-c of your irregular flat. the wave-c would start at the 8/27 high and end this morning.
we'll know soon! :) |
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To: llap who wrote (8842) | 8/29/2012 4:59:43 PM | From: humble1 | | | good point: it does love to bottom during a full moon window and that window opens tomorrow. i suspect a lot of buy money is being held back for ben and that it will come out, come out, wherever it is. :) |
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To: jjs_ynot who wrote (8844) | 8/29/2012 7:30:58 PM | From: humble1 | | | dave: i don't but that doesn't mean anything. 12/22/12 is my last big date for this year.
i like your idea; thanks! |
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To: jjs_ynot who wrote (8844) | 8/29/2012 9:27:03 PM | From: llap | | | dave_s: There is a slight downtrend in election years from around September 1 - 15 in election years. However, that squares with the lunar cycle which for some years was bullish from the full moon to the new moon. As election years are quite bullish into November and my market-timing skills are not that great, I will just stay long. |
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