It looks as if bad news is just great news now. Bad news about housing means the market must fly because the fed will cut rates again. Or so the "bad news" to "good news" conversion supposedly works.
Has Bad News Become Good News?
Started by
Sentient Being
, Sep 27 2007 03:44 AM
3 replies to this topic
#1
Sentient Being
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Posted 27 September 2007 - 03:44 AM
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#2
NAV
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Posted 27 September 2007 - 04:00 AM
Bull markets do not begin when the economy is in a state of utopia. It needs that constant wall of worry, to keep the majority from participating. I think the housing market decline over the next few years from the mania top of 2005 will provide fresh fodder for the bears to worry and the wall of worry for the bull market to climb. In my opinion, the housing and the deteriorating economic fundamentals will be the hook which will keep the majority from participating in the bull market going forward.
- Sep 2006
http://nav-ta.blogsp...t-thoughts.html
- Sep 2006
http://nav-ta.blogsp...t-thoughts.html
Edited by NAV, 27 September 2007 - 04:04 AM.
#3
nicolasillo
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Posted 27 September 2007 - 04:07 AM
NAV it seems like your closing thoughts yesterday may come true 
Good call so far, lets see if it opens above 1530.
Good call so far, lets see if it opens above 1530.
#4
NAV
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Posted 27 September 2007 - 08:16 AM
NAV it seems like your closing thoughts yesterday may come true
Good call so far, lets see if it opens above 1530.
It's called jumping the creek
