DrStool Posted November 27, 2002 Report Share Posted November 27, 2002 Smells like stagflation to me. Link to comment Share on other sites More sharing options...
Guest soup1 Posted November 27, 2002 Report Share Posted November 27, 2002 machiine gun: what are they doing now that is any different than what they have been doing for the last 2 and 1/2 years? ( actually a lot longer but that is a different thread) Why has it take so long? Why is this time different? Link to comment Share on other sites More sharing options...
Guest soup1 Posted November 27, 2002 Report Share Posted November 27, 2002 machinegun: lets give you the benefit of the doubt and say greenspew Can reflate? Why in the world would you want to hold stocks during a period of hyperinflation? Link to comment Share on other sites More sharing options...
Guest soup1 Posted November 27, 2002 Report Share Posted November 27, 2002 Maybe I am wrong on my thesis, it certainly would not be the first time. However, I would love to hear why? Link to comment Share on other sites More sharing options...
Guest Posted November 27, 2002 Report Share Posted November 27, 2002 12:00 PM CST CBOE P/C Equity 0.54 Index 1.19 Overall 0.68 Link to comment Share on other sites More sharing options...
DrStool Posted November 27, 2002 Report Share Posted November 27, 2002 Link to comment Share on other sites More sharing options...
PileDriver Posted November 27, 2002 Report Share Posted November 27, 2002 all that Al free money is going to go into paying down the huge debt pile created from the spending binge of the last 20 years and perhaps savings once people wake up and realize, duh, my investments are worth jack and if I want to avoid having to retire eating cat food and living under a bridge off I95 I better start wising up. Huh, huh....dumb ass. We are destined to repeat what Japan is doing, only by a ten year lag due to our baby boom generation differences. Reflation attempts by the dumb-ass Fed no longer work now like it did in the past because of this ridiculous ever growing mountain of debt we're saddled with. Time magazine suggested people mortgage their homes to buy more equities. Gad, we're on the road to complete financial and economic ruin! Link to comment Share on other sites More sharing options...
simple guy Posted November 27, 2002 Report Share Posted November 27, 2002 Doc is right on with Stagflation. Im going long on some alternative energy plays, only because the E Wave LT charts show OIL prices going through the roof next decade to 75 or more per barrel. The next decade growth stocks are probably energy and or energy alternatives, biotechs etc. That said, even in a bear market, 20% of stocks go up... I covered my Q's short at 1045, basically broke even after a few days position, gave back my massive gains from yesterday. Will sit this one out until Tuesday or Wed next week... smells like one more wave up yet... Good luck to y'all... Link to comment Share on other sites More sharing options...
HardAssets Posted November 27, 2002 Report Share Posted November 27, 2002 I hope you are right Doc. Link to comment Share on other sites More sharing options...
Bearman Posted November 27, 2002 Report Share Posted November 27, 2002 Debt is piling up suckers buying this over priced SM. God forbid people borrowing money on their homes to hold for the long term Heads are going to roll Link to comment Share on other sites More sharing options...
DrStool Posted November 27, 2002 Report Share Posted November 27, 2002 Only the hard core and junior traders left now. Probably not much happens rest of today. Think about it this way. Enveryone in the world who ahd the slightest inkling to be long...... is. Link to comment Share on other sites More sharing options...
Guest soup1 Posted November 27, 2002 Report Share Posted November 27, 2002 the only thing I see reflating is the vix. Link to comment Share on other sites More sharing options...
richmtn Posted November 27, 2002 Report Share Posted November 27, 2002 Another spike. Link to comment Share on other sites More sharing options...
Rockhead Posted November 27, 2002 Report Share Posted November 27, 2002 NYSE... Point "A" saw minor whopsaw through the trendline. Point "B" broke through. Does not look like they wish to follow that trendline. As I type, TICK is 590. Until this thing goes negative and stays there with an rising TRIN, we be bullish biased. We also got a rising TICK 20 period MA (cyan color). Looks like they can keep that +300 to +600 range all day. Damn! Link to comment Share on other sites More sharing options...
Metamucil Posted November 27, 2002 Report Share Posted November 27, 2002 I see nothing bullish about this SPX double top on the weekly. Any doubt about the primary trend....and its imminent reassertion? Note the forming hanging man. Hard to believe that this recent 'serpentine stochastic' can cause so much irrational fear. Hang in.... Link to comment Share on other sites More sharing options...
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