Markets will start going down tomorrow
#1
Posted 20 September 2007 - 11:22 AM
#2
Posted 20 September 2007 - 11:26 AM
#3
Posted 20 September 2007 - 11:32 AM
Actually based on a few things. First , we are having a slowing economy . Second, It is the 17 year cycle. If you go back 17 years, for the last 100 years, the market has had major drops on those years. We are on that year now. Uncle Ben is trying to reverse the cycle with his cuts, but you can't change what will happen. He actually probably made it worse since your money won't be worth crap anymore. And worthless money and a bad market causes a lot of pain and suffering. If anyone was here In mid July, I was calling for a 10% drop then but I was being asked the same question you ask now. Go back and look it up.When the start going down they will not stop until we have new lows probably sometime in the middle of October. Maybe the fed comes in and cuts another .5%. The fed cut just changed what will happen for the short term.
#4
Posted 20 September 2007 - 11:41 AM
Actually based on a few things. First , we are having a slowing economy . Second, It is the 17 year cycle. If you go back 17 years, for the last 100 years, the market has had major drops on those years. We are on that year now. Uncle Ben is trying to reverse the cycle with his cuts, but you can't change what will happen. He actually probably made it worse since your money won't be worth crap anymore. And worthless money and a bad market causes a lot of pain and suffering. If anyone was here In mid July, I was calling for a 10% drop then but I was being asked the same question you ask now. Go back and look it up.When the start going down they will not stop until we have new lows probably sometime in the middle of October. Maybe the fed comes in and cuts another .5%. The fed cut just changed what will happen for the short term.
I think your basically correct, however, you reasoning is too vague. Economic data will weaken starting next week,the ability of the FEd to cut rates, however, will be determined by the weakness of the dollar. One poster posted a link about Saudi Arabia, on a day when everybody is concentrating on the testimony on the hill, that post should not be ignored, look at todays gold streght and the corresponding weakness in the dollar.
#5
Posted 20 September 2007 - 12:21 PM
#6
Posted 20 September 2007 - 12:30 PM
#7
Posted 20 September 2007 - 12:59 PM
#8
Posted 20 September 2007 - 01:06 PM
#9
Posted 20 September 2007 - 02:00 PM