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IDS World Markets Mon 1st October 07


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I'm pissed off at myself for even thinking there might be a chance at a 1000 point decline after the fed cut rates.  Here we are almost 1000 points higher!

 

Why hasn't anyone mentioned this?

611862[/snapback]

 

I'm a little busy right now....can I get back to you?

 

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*DJ Greenspan:Shanghai Equity Mkt Has All Hallmarks Of A Bubble

611837[/snapback]

Oh now that idiot can spot bubbles!!!!!!!!!!!!!

611859[/snapback]

 

He's the Lawrence Welk of High Finance;the only thing missing is a two foot Baton with which to stick up your a**

 

beardrech :ph34r: :ph34r: --If you think his acuity for recognizing finacial bubbles is so great you ought to see what he does to the ones coming out of the depths while in his bathtub

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I'm pissed off at myself for even thinking there might be a chance at a 1000 point decline after the fed cut rates.? Here we are almost 1000 points higher!

 

Why hasn't anyone mentioned this?

611862[/snapback]

the futures are more than 1,500 points off their August 17th bottom

 

from which they should have declined at least 1,500 points if we were living in reality

 

but we're not

 

we're living in a Debt Fantasy world where all is well and everyone's a winner

 

the Fed can wave a magic wand and create "wealth"

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Sizable boner on the Spooz today on the first trading day of Q3.

 

Is this unusual? Not really. It's the fifth time in the past six years (2002, 2003, 2004, 2005, 2007). And we've now seen it 11 times in the past twenty years (also in 1987, 1989, 1990, 1991, 1997, 1999.)

 

Of these, the only time the market kept heading higher and never came back to undercut the Oct 1 rally was in 2003. Back then, the SPX rallied another 3% until Oct 15, then went into a 7-week trading range, then rallied another 7-8% to a 1Q04 high.

 

On all the other ten occurrences since 1987, the SPX topped within a day or a few days (b/w Oct 2-11) and proceeded to sell off sharply into mid-to-late October, erasing the Oct 1 rally and then some.

 

Only one of the Oct 1 rallies was reversed the same day (2005), four others reversed the next day (2002, 1991, 1990, 1987).

 

2005: Reversed the same day, dumped 5% into mid-Oct

2004: Topped on Oct 6, dumped 5% into mid-Oct

2003: Topped on Oct 15 (3% higher), flatlined for six weeks, rallied into Jan

2002: Topped on Oct 2, dumped 9% into Oct 9

1999: Topped on Oct 11, dumped 8% by Oct 18

1997: Topped on Oct 7, dumped 15% by Oct 28

1991: Topped on Oct 2, dumped 4% by Oct 10

1990: Topped on Oct 2, dumped 8% by Oct 11

1989: Topped on Oct 10, dumped 9% by Oct 16

1987: Topped on Oct 2, dumped 35% by Oct 20

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3 day cycle sell signals.

 

Waiting on the 5 day.

 

Just love the wild bullishness here today.

611870[/snapback]

 

Didn't you just get the 3 day cycle buy signals this morning? :blink:

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*DJ Greenspan:Shanghai Equity Mkt Has All Hallmarks Of A Bubble

611837[/snapback]

Oh now that idiot can spot bubbles!!!!!!!!!!!!!

611859[/snapback]

 

Now the guy knows everything, back when he was in charge he said this:

 

JACKSON HOLE, Wyo. (Reuters) - Federal Reserve Chairman Alan Greenspan on Friday defended the central bank's lack

of action during the ill-fated 1990s stock market boom, saying there was little the central bank could do to identify and fight emerging asset bubbles.

 

8/30/2002

 

The guy is talking out of both sides of his ass.

Now is just does it at $150,000 a speech.

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