Well I started playing in the early 1990’s when the Dow was at about 3000,a huge major all time high at the time..which was just over an all time double top high from 1987’s all time high of about 2750.Big headlines back then. And 99% of the so called “experts” were positive the market had come too far..too fast..and would drop back to around Dow 2000..and trade in a 10 to 15% range for many,many years. And that sounded logical. Of course in just about 7 years we had broken all the rules, and the Dow was 4 times higher at Dow 12,000. I saw lots of analysts go broke and get fired back then for being out of the loop.
And I’m sure not predicting anything like the 1990’s happening here yet..but it shows that it can happen..and would not be unprecedented if it did.
Personally for trading purposes..I’d love to see the market drop like a rock for a couple of months. But I ain’t counting on it. 🙂
Yeah, I keep thinking that they will take out the shorts overhead first, which means a new high. The ritual numbers are just a guess, so possibly there will be some other numbers that we’ll spot at the new high?
Some good points in there..but right now..I’m just going to assume we sail up through SPX 2000 and who knows how much higher. If the powers that be decide they want Hillary to be POTUS..we can pretty well bet there won’t be any big corrections until AFTER she’s elected.- I was in high school after the 1987 crash that made everybody think we were going to go into a 1929 style depression….but all these years later we can see that it was nothing more than a trick flush to keep as many out of the super rally of the 1990’s that really ushered in the multi-billionaire era for the U.S.. The 2008 crash may be this generations 1987 crash..and if it is..we may have many years left in this rally that will be impossible to know when the top might be. Could be in 18 months at Dow 19.500. Or it might be in 8 years at Dow 27,000.- Anyway..we shall see..but it looks like we’re going to be up another 100 Dow points right out of the gate. Unless the market somehow drops 8 to 10 % in the near future…we may have a 3 headed fire breathing bull with very sharp teeth here that sticks around a lot longer than most of us can imagine.
Soccer actor #7’s Portugal homeland continues to experience disruptions in its stock market as it came close to making new 52 week lows today. The bank at the heart of the country’s troubles has seen its bonds drop to ten cents on the dollar.
They did play the Champions League final in Lisbon this year which was won by soccer actor#7’s Real Madrid squad.
Netherland’s #11 joined Bayern in a 25 million euro transfer fee deal in 2009 compared to the 20 year old #19’s 37 million euro fee.
They did perform another 911 ritual with #11 in the Netherlans-Brazil 3rd place game Saturday. #11 was fouled in the penalty box and #9 (Daniel Day Lewis clone) came into to kick in the penalty kick.
Well I started playing in the early 1990’s when the Dow was at about 3000,a huge major all time high at the time..which was just over an all time double top high from 1987’s all time high of about 2750.Big headlines back then. And 99% of the so called “experts” were positive the market had come too far..too fast..and would drop back to around Dow 2000..and trade in a 10 to 15% range for many,many years. And that sounded logical. Of course in just about 7 years we had broken all the rules, and the Dow was 4 times higher at Dow 12,000. I saw lots of analysts go broke and get fired back then for being out of the loop.
And I’m sure not predicting anything like the 1990’s happening here yet..but it shows that it can happen..and would not be unprecedented if it did.
Personally for trading purposes..I’d love to see the market drop like a rock for a couple of months. But I ain’t counting on it. 🙂
Thanks… let’s see if we can get some ritual numbers to show up today some where.
Yeah, I keep thinking that they will take out the shorts overhead first, which means a new high. The ritual numbers are just a guess, so possibly there will be some other numbers that we’ll spot at the new high?
Some good points in there..but right now..I’m just going to assume we sail up through SPX 2000 and who knows how much higher. If the powers that be decide they want Hillary to be POTUS..we can pretty well bet there won’t be any big corrections until AFTER she’s elected.- I was in high school after the 1987 crash that made everybody think we were going to go into a 1929 style depression….but all these years later we can see that it was nothing more than a trick flush to keep as many out of the super rally of the 1990’s that really ushered in the multi-billionaire era for the U.S.. The 2008 crash may be this generations 1987 crash..and if it is..we may have many years left in this rally that will be impossible to know when the top might be. Could be in 18 months at Dow 19.500. Or it might be in 8 years at Dow 27,000.- Anyway..we shall see..but it looks like we’re going to be up another 100 Dow points right out of the gate. Unless the market somehow drops 8 to 10 % in the near future…we may have a 3 headed fire breathing bull with very sharp teeth here that sticks around a lot longer than most of us can imagine.
Good Post Red !
Possibly… but as long as we don’t take out Tuesday’s high I’m incline to short this pig. (By the way, I did a new post)
New post: http://reddragonleo.com/2014/07/16/global-currency-reset-stock-market-crash-or-both/
I think we will have one further day higher on Thursday – just to frustrate everyone. Then down on Friday and lower next week
Soccer actor #7’s Portugal homeland continues to experience disruptions in its stock market as it came close to making new 52 week lows today. The bank at the heart of the country’s troubles has seen its bonds drop to ten cents on the dollar.
They did play the Champions League final in Lisbon this year which was won by soccer actor#7’s Real Madrid squad.
Netherland’s #11 joined Bayern in a 25 million euro transfer fee deal in 2009 compared to the 20 year old #19’s 37 million euro fee.
They did perform another 911 ritual with #11 in the Netherlans-Brazil 3rd place game Saturday. #11 was fouled in the penalty box and #9 (Daniel Day Lewis clone) came into to kick in the penalty kick.