and the same people pounding the table to buy are present again... just like 2008, just like Y2K...
Amazing how it works.
Posted 23 September 2016 - 12:55 PM
and the same people pounding the table to buy are present again... just like 2008, just like Y2K...
Amazing how it works.
Posted 23 September 2016 - 02:00 PM
Water has never been so great, jump on in.....
My charts have us as 25% overbought for the S&P500, it will fluctuate with economic news over time, but we are in for a correction, just don't know when it will start... I must admit we have been 15 - 25% overbought for the last year, so the market can continue to go higher as well... Economically as long as people continue to buy ( even on increased debt ) we should continue to do good... I'm of the philosophy, the increased debt that most families have will lead to less available spending... However, I have many friends living paycheque to paycheque, they have no money but take fabulous vacations I can rarely afford...
Barry
Posted 23 September 2016 - 02:25 PM
Posted 23 September 2016 - 03:43 PM
Everyone has know about this derivatives risk ..... for years.
And DB's issues have been the talk of the day for at least a year if not longer.
Why haven't the IMF, ECB, BIS ... forced DB to begin working off its exposure, by taking off the positions to which the derivatives are married?
Posted 23 September 2016 - 04:13 PM
Maybe because the amount of exposure is FAR GREATER than all the existing positions in the market....
Tell me how you work that off?
You don't.
Just think - this is 37 times the $2T problem of 2008.
Posted 23 September 2016 - 08:02 PM
u guys worry 2 much .....but thanks......btw once again 3 days of fear for the price of one....old axiom....never trust what you see on a friday......watch the sky.....snort
Posted 23 September 2016 - 10:43 PM
and the same people pounding the table to buy are present again... just like 2008, just like Y2K...
Amazing how it works.
People who were talking about DOW 36000 in year 2000 were not wrong. They were just ahead of their time.
And the same guy who predicted DOW 36k also famously said on Bill Maher's show that American innovation has cured cancer. Maybe he was ahead of his time when he said that.
And the guy is a harvard graduate. Can you believe that ?
Edited by NAV, 23 September 2016 - 10:52 PM.
Posted 24 September 2016 - 08:46 AM
Posted 24 September 2016 - 09:43 AM