3 replies to this topic

[selecto]

(Top chart by Mike Panzner)

[CLK]

Selecto, In my opinion, the notion of a major collapse in prices just doesn't seem very likely to most. I have my doubts too. Nothing to worry about since we got circuit breakers and helicopter Ben to bail everybody out.... The market has been going up for 4 years, no reason to think it won't continue. Very few expected the magnitude of Feb. 27th, with the flat VIX and clean uptrend. I think the market will break hard soon, at least sometime this year. Greenspan already talked about a possible recession, I take his comments seriously.

[LeroyB3]

Neat trick, but doubtful. Best, LB

[Russ]

Japan's Nikkei looks ready to break-out above it multi year down trend, it is very doubtful that China would implode while Japan is surging. Much of Japan's growth is linked to expanding trade with China.