ydkf-
The broken record metaphor is a good one.
yes, it works well with your yearly predictions.
It is evident to me that you are unable or unwilling to grasp the fact that the stock market is merely part of a much larger financial system ...
i fully understand this, and ive never denied it. it is only a part of the larger picture, its the part everything else revolves around (i.e, the bond market, currencies, and even your favorite part, derivatives). to call it a "side show" is preposterous, but to say its only a part of the larger picture, of course everyone would agree with that.
is now in a full blown collapse phase.
sigh, ridiculous. like i said before yk, when november comes, and the "almighty dollar" is not indeed worthless, then we can talk about the "full blown collapse" that never happened.
I don't deny that there are various formulas that the professional buyers and sellers use to evaluate stocks and bonds.
great, then you fully understand how they evaluate "oversold" and "overbought"......so you too know now that the markets as of last friday were very oversold, which was a big part of the reason why we got such a nice rally yesterday. oh thats right, the markets being oversold had nothing to do with it, it was just the fund managers panic buying to "save" the market from disaster. well i applaud those fund managers, and golly, i wish theyd do that more often, we need more days like that. do you know we had the fifth largest point gain in history yesterday? normally, this would be a CLEAR indicator of an oversold market (and some short covering no doubt), but in this case it was simply those wacky fund managers working their magic!
. Reportedly, the first few lifeboats went out with only a handful of people on each one because many were fearful of being ridiculed by those poor deluded souls who imagined that the ship was unsinkable. Apostates reason much the same way and so do stock brokers.
well, i cant speak for all apostates, but i can speak for myself as a broker when i say that i do not believe the ship is unsinkable. i do think we are seeing a classic case of the cyclical market right now though, which is the only real thing i was arguing to begin with.
The system is finished and yet you imagine that the stock market is oversold!
i imagine nothing. again, "oversold" is a scientific calculation, and yes, as of last friday the market was oversold by -17, which is severly oversold. it now sits at -15.9 btw, which is still very oversold. does this mean it will go straight up? of course not. we might not have even found the bottom yet.
The spector of a world wide financial collapse is not absurd.
no, what is absurd is you predicting that a dollar collapse is imminent, in fact likely coming by the end of october! that is what is absurd.....no.....downright fucking wacky! lol.
I am genuinely puzzled. What is it that you imagine I have no response for?
well, i realize youre puzzled in general, but you know exactly what you have no response for, i posted it twice. but, since you are claiming to be SO puzzled, ill post it again..........
As long as there are suckers to be separated from their money you are going to have guys running around talking about the great bargains to be had.
.....and what i was asking, that i got no response for, was simply.......were those buyers in 1930 and 1988 simply "suckers" ready to "be seperated from their money"? were the brokers, after all the major crashes, these so called "guys running around talking about the great bargains to be had"? my point was, if so, i wish i wouldve been one of those "suckers", because many of them are millionaires now on stock values alone. puzzled or not, i fully expect you to ignore these questions once again, for you have no response to them.
Arrogance, ignorance, and greed are this system's undoing. / You Know
well, im not sure if youre greedy or not, but youve got the rest covered! i believe meatloaf said it best, "two out of three aint bad"! LOL.
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