ravun -- I don't know. From the chart you posted, does
that mean that this is the bottom? I don't think it is.
I mean, I have many friends who still think housing is going to
turn around in the spring. Or that the economy will start
recovering in the second half of the year. That's not
despair. To me, that's people set up for a big sucker rally
that will draw people back in and set them up for the despair to
follow.
go in cycles, so end of the year would have us in a 2 year bear,
things will probably turn around, when?..well your guess is as good
as mine.
Despair is when people starting asking for advice AFTER the
horse has bolted.
Too many perma bears here now, same as perma bulls when times
are good. This is the one reason I trade only my system, my TA is
good enough to trade off, but am way past caring what happens as
long as I keep on getting a blue and red line meeting every now and
then and departing, just to meet down the road...ad infintum
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Well
Making of a bubble
Posted by ravun on 12th of Mar 2009 at 10:59 am
isn't that "despair"?...
ravun -- I don't know.
Posted by Michael on 12th of Mar 2009 at 11:13 am
ravun -- I don't know. From the chart you posted, does that mean that this is the bottom? I don't think it is. I mean, I have many friends who still think housing is going to turn around in the spring. Or that the economy will start recovering in the second half of the year. That's not despair. To me, that's people set up for a big sucker rally that will draw people back in and set them up for the despair to follow.
Things
Posted by ravun on 12th of Mar 2009 at 11:27 am
go in cycles, so end of the year would have us in a 2 year bear, things will probably turn around, when?..well your guess is as good as mine.
Despair is when people starting asking for advice AFTER the horse has bolted.
Too many perma bears here now, same as perma bulls when times are good. This is the one reason I trade only my system, my TA is good enough to trade off, but am way past caring what happens as long as I keep on getting a blue and red line meeting every now and then and departing, just to meet down the road...ad infintum