A chart since 1973 is only of use to those who have bought and held since 1973. Good if your Warren Buffet. For those who have purchased in the past few years, the chart from 2013-2016 is the appropriate one to be concerned with. The SM "death crosses" that were not fully formatted in 2015 to the pickier analysts, are now in full display (50 dma under 200 dma and both in decline). When I looked last week I could only find a single index not displaying a DC. Then again, these crosses sometimes occur near bottoms. Considering we've had a strong 7 year rise out of the 2009 bottom, I wouldn't bet the farm on that one. There's that darn 7-8 year business cycle showing up again. Now we wait for the FED to panic and initiate QE4, whether publicized or kept under wraps.
Originally posted by: roadrunner A chart since 1973 is only of use to those who have bought and held since 1973. Good if your Warren Buffet. For those who have purchased in the past few years, the chart from 2013-2016 is the appropriate one to be concerned with. The SM "death crosses" that were not fully formatted in 2015 to the pickier analysts, are now in full display (50 dma under 200 dma and both in decline). When I looked last week I could only find a single index not displaying a DC. Then again, these crosses sometimes occur near bottoms. Considering we've had a strong 7 year rise out of the 2009 bottom, I wouldn't bet the farm on that one. There's that darn 7-8 year business cycle showing up again. Now we wait for the FED to panic and initiate QE4, whether publicized or kept under wraps.
Okay, so now I know why the Fed raised a quarter point in December. They're going to use that quarter point to fight this correction/crash, lol. #pushingonastring
Okay, so now I know why the Fed raised a quarter point in December. They're going to use that quarter point to fight this correction/crash, lol.
They're trying to stimulate a little inflation by threatening to raise the cost of future money. As usual they are using classroom models instead of seeing reality.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Comments
Liberty: Parent of Science & Industry
What goes up. . .
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
(particularly after a long and productive bull market)
Let's see the chart since 1973
...
Or 1913!
Liberty: Parent of Science & Industry
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
What goes up. . .
Looks like a buying opportunity to me. I don't think of it as catching a falling knife, but instead averaging in.
Former CoFounder of Choice Numismatics
All of my collection is in a safe deposit box!
What goes up. . .
Looks like the 2015/6 drop is as large as the 2011 drop. I'd like to see this chart include 2008/9.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
But it's only a loss if you sold.
LOL. Where have I heard that statement criticized before?
A chart since 1973 is only of use to those who have bought and held since 1973. Good if your Warren Buffet. For those who have purchased in the past few years, the chart from 2013-2016 is the appropriate one to be concerned with. The SM "death crosses" that were not fully formatted in 2015 to the pickier analysts, are now in full display (50 dma under 200 dma and both in decline). When I looked last week I could only find a single index not displaying a DC. Then again, these crosses sometimes occur near bottoms. Considering we've had a strong 7 year rise out of the 2009 bottom, I wouldn't bet the farm on that one. There's that darn 7-8 year business cycle showing up again. Now we wait for the FED to panic and initiate QE4, whether publicized or kept under wraps.
Okay, so now I know why the Fed raised a quarter point in December. They're going to use that quarter point to fight this correction/crash, lol. #pushingonastring
They're trying to stimulate a little inflation by threatening to raise the cost of future money. As usual they are using classroom models instead of seeing reality.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat