Loved wall street week and the day of the crash, had gone into full cash 3 days before, just a feeling, tape wasn't right. Great buying that day, didn't get some fill prices until the evening!!
3days before??? the crash started 2 months earlier
This Day In Market History: CRASH! 1987 Black Monday
Started by
Rogerdodger
, Oct 19 2020 11:23 AM
12 replies to this topic
#11
da_cheif
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Posted 20 October 2020 - 01:23 PM
#12
pdx5
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I want return OF my money more than return ON my money
Posted 20 October 2020 - 05:38 PM
Crash callers remind me of psychics. One time they get lucky and then no more.
The most astute call I saw on Wall Street on Rukeyser show was during the era of high inflation.
Inflation was incessant and non-stoppable. WIN (whip inflation now) buttons did no good.
So one day Rukeyser had this guest from Germany if I recall correctly. He predicted inflation was going to come down
AND STAY DOWN. No one on the panel believed him. And probably not many viewers did either. The reason the guest
promulgated was that manufacturing capacity has increased so much in Asia, he can't see shortage of goods in future.
Inflation happens when too much money and not enough goods.
And the guest was proven totally right by what followed. Inflation came down below 5% and has never exceeded that number since.
Completely off-topic, there are too many old guys here 
Edited by pdx5, 20 October 2020 - 05:45 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#13
12SPX
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Posted 21 October 2020 - 07:54 AM
Loved wall street week and the day of the crash, had gone into full cash 3 days before, just a feeling, tape wasn't right. Great buying that day, didn't get some fill prices until the evening!!
3days before??? the crash started 2 months earlier
Oh brother lol! Of course I was suspicious earlier and lightening up but knew something was wrong as the August expiration was too strong and was completely given up in September. And your right pdx5 we are all to old now lol!!
