tag:blogger.com,1999:blog-8515247115132134144.post8207212011785767733..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: The Fourth Horseman of the Rubicon!Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8515247115132134144.post-63779889852189031142011-08-08T14:06:11.373-07:002011-08-08T14:06:11.373-07:00Watchtower,
I think there is a very good chance t...Watchtower,<br /><br />I think there is a very good chance that Dow 10,000 hats will be redeployed in my lifetime.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-69914648941300018412011-08-08T14:05:28.945-07:002011-08-08T14:05:28.945-07:00Mr Slippery,
I'm reminded that in the Great D...Mr Slippery,<br /><br />I'm reminded that in the Great Depression, more money was lost in the aftermath of the initial crash than was lost in the crash itself.<br /><br />The S&P 500 trades at 1998 levels. There's been a decade of aftermath so far. Since we've decided to prop everything up, I think the duration of the aftermath could approach infinity. Sigh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-12011399696974729402011-08-08T14:03:50.722-07:002011-08-08T14:03:50.722-07:00I was starting to think that the Dow 10,000 hats w...I was starting to think that the Dow 10,000 hats were going to be deployed today.Watchtowerhttps://www.blogger.com/profile/08833772067989549769noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-76855097173670562702011-08-08T13:52:06.165-07:002011-08-08T13:52:06.165-07:00Most bears thought the S&P would bounce at 115...Most bears thought the S&P would bounce at 1150. Instead, it blew through 1150 down to 1120, went back up and tested 1150 and failed, falling to close back at 1120. That is a clearly bearish action since now 1150 is resistance for any dead cat bounce.<br /><br />The sell off happened so fast that the buy-the-dippers are still in shock. More to go IMO, but there might be some divvy deals on the other side of the apocalypse.Mr Slipperynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-20324549603090087772011-08-08T13:32:44.384-07:002011-08-08T13:32:44.384-07:00I have faith that the S&P 500 will once again ...I have faith that the S&P 500 will once again close above 1200. I'm just not sure if it will be in my lifetime. Who knows?Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com