This is what Gartman said anyway. I did highlight this possibility some months ago, so go back and see. I think it is a possibility.
That said, at around these new high levels SPX, it is indeed one of those inflextion areas.
Editor Dennis Gartman wrote in the past week: "We stand in awe of the sheer majesty of this rise." But Gartman's response is to review what he wrote about an earlier unstoppable bull: the Japanese stock market of the late 1980s.
As Gartman remembers: "Shares there were running skyward even as the economies of the rest of the world were tanking. The Bubble was going "parabolic," and every modest decline was met with huge new buying, that soon took shares to incredible new highs as the Nikkei soared toward 40,000."
US stocks will go PARABOLIC
Started by
Tor
, May 07 2007 05:26 AM
6 replies to this topic
#1
Tor
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Posted 07 May 2007 - 05:26 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
The End
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Posted 07 May 2007 - 06:50 AM
Yeah, and 18 years later the Nickme is still below 18,000.
NONE of what I type should be taken as financial advice.
#3
Tor
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Posted 07 May 2007 - 07:25 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#4
Tor
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Posted 07 May 2007 - 08:15 AM
Apologies, i didnt see Russ's post below covering this subject already.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#5
bullishnot
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Posted 07 May 2007 - 10:09 AM
keep buying then, keep buying, I'll keep shorting..
#6
Tor
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Posted 07 May 2007 - 11:06 AM
Good luck. I am amazed howe the collective mnindset is that the market HAS to go down. amazing.keep buying then, keep buying, I'll keep shorting..
I wont be shorting. I am flat, even i am looking for as selloff to buy into. Who knows if this market will give it.
Good trading.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#7
linrom1
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Posted 07 May 2007 - 01:27 PM
Good luck. I am amazed howe the collective mnindset is that the market HAS to go down. amazing.keep buying then, keep buying, I'll keep shorting..
I wont be shorting. I am flat, even i am looking for as selloff to buy into. Who knows if this market will give it.
Good trading.
Collective mindset has almost simultaneously GRASPED the parabola.
