Edited by pdx5, 03 September 2007 - 02:26 PM.
The Capitulation is only starting....
#11
Posted 03 September 2007 - 02:25 PM
#12
Posted 03 September 2007 - 04:04 PM
#13
Posted 03 September 2007 - 05:28 PM
"... But there is something there that is unknown, something that is supporting the system. Something that none of these 1000s of bears is counting on....There's always a hot store/stock in retailing at any time. ZUMZ happens to be based in
an area of the country that's still doing well. Meanwhile, most of the retailing stocks are
down considerably. The IBD retail sector is down 15 percent and the apparel sector is
down 20-25 percent.
Something? How about the real inflation rate is 6-8%, maybe even 10%. Fed's pumping money supply like there's no tomorrow and lying about the inflation rate. Da Boyz are playing that.
#14
Posted 03 September 2007 - 08:35 PM
But anyways, I admire your relentless stance.
it is more the amount of time devoted to making the bull case and trying to convince everyone else-gg
#15
Posted 03 September 2007 - 09:04 PM
But anyways, I admire your relentless stance.
it is more the amount of time devoted to making the bull case and trying to convince everyone else-gg
I'm not trying to convince anyone. I just like posting stuff. Helps me organize my own thoughts.
Plus I just like arguing for the sake of argument I can argue the bear case just as easily. But I don't really believe in it in light of the sentiment. Bear side is overcrowded.
Was just reading through prudentbear.com forums. What a bunch of crap. Very active forum is overrun by posters with appropriate nicks...
megabear, SupercycleBear, aussiebear, floridabear,WalterBearkite, Yoggibear, bobbybear, booboobear, mauibear, bearking, qqqbear, cambodiabear, detachedbear, peteybear, definitionofbear, ... youname it bear
Basicaly the consensus is if this isn't the crash of 1929/1987 then its going to be a double top, and then a crash.....
Very active forum.
Edited by ogm, 03 September 2007 - 09:04 PM.
#16
Posted 03 September 2007 - 10:22 PM
#17
Posted 03 September 2007 - 10:44 PM
#18
Posted 04 September 2007 - 08:03 PM
Well written, entertaining read... but I'm still a
Of course. As I said, its only starting.
Hmm.. just browsing through some charts looking at momentum stocks. NILE, ZUMZ .... very hot... surprizingly they are in OMG RETAIL !!! sector
AMZN not doing that bad either, not to mention another consumer product company, AAPL.
I watch the retail stocks in countries like the UK. same observation. Price action says up and recession worries overdone. Will see I guess. My guess is recession worries overblown.
The future is 90% present and 10% vision.