There I sat watching the market run up to new highs and then
fall off. Back then it was a bull market and everyone was excited
thinking the market was bases building and looking to run even
higher.
The week before the Monday morning crash was a series of 100
point up then down and up and down days. The actual particulars are
not that important nor am I saying this is exactly the same (for
one thing this is hardly a bull market, but rather a correction
within the bear, I think).
I am saying that this "feels" like part of the topping process
to me. I don't recall ever seeing this kind of volatility preceding
a major run up.
Perhaps one of you knows of such an occurrence and will
share?
Have to agree with you. There's not a chance in hell
anyone is going to bail out Greece. Unlike the Fed which is
the banks sugardaddy, Germany hasn't got the same
relationship. They need to set an example for Portugal, Spain
and Italy. Remember germans do think they are the master
race. Why should they lower themselves to assist a country
like Greece. IMF will have to step in and then we have a Euro
crisis much like the Asian crisis in 1997. perhaps it would
be best to learn what happened in Asia as I feel the same thing is
going to happen in Euro.
Based on my feelings, April -May 2007 was similar. it was just
as misleading for both sides for 3 or 4 weeks, as I remember.
That's based on my experience of the past 3 years.
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Oct 1987
Posted by perthx on 25th of Feb 2010 at 05:05 pm
There I sat watching the market run up to new highs and then fall off. Back then it was a bull market and everyone was excited thinking the market was bases building and looking to run even higher.
The week before the Monday morning crash was a series of 100 point up then down and up and down days. The actual particulars are not that important nor am I saying this is exactly the same (for one thing this is hardly a bull market, but rather a correction within the bear, I think).
I am saying that this "feels" like part of the topping process to me. I don't recall ever seeing this kind of volatility preceding a major run up.
Perhaps one of you knows of such an occurrence and will share?
Have to agree with you.
Posted by sobrien on 25th of Feb 2010 at 06:51 pm
Have to agree with you. There's not a chance in hell anyone is going to bail out Greece. Unlike the Fed which is the banks sugardaddy, Germany hasn't got the same relationship. They need to set an example for Portugal, Spain and Italy. Remember germans do think they are the master race. Why should they lower themselves to assist a country like Greece. IMF will have to step in and then we have a Euro crisis much like the Asian crisis in 1997. perhaps it would be best to learn what happened in Asia as I feel the same thing is going to happen in Euro.
The Fed really could use
Posted by dylan398 on 26th of Feb 2010 at 07:42 am
The Fed really could use something like that to drive up demand for US Treasuries...so they could sell...
Based on my feelings, April
Posted by junkie on 25th of Feb 2010 at 05:47 pm
Based on my feelings, April -May 2007 was similar. it was just as misleading for both sides for 3 or 4 weeks, as I remember. That's based on my experience of the past 3 years.