Menu
Sister Sites

  • This Week’s Market Sell-Off May Not Be Such a Bad Thing

    From nytimes.com

    It has been a frantic week on Wall Street and in other financial centers, with stocks and other risky assets experiencing their worst week of the year — and in some cases several years. The United States stock market was on track early Friday for its worst week since 2012, and the Hong Kong stock market for its worst since 2011. The British stock market has fallen for eight straight days, the third-longest run on record. The price of oil and emerging market currencies around the world continued a swoon that dates to last year. And it’s about time. That’s not to minimize the losses investors have incurred, or to ... (full story)

I quote him "Consider that in 1997 and 1998, an emerging markets crisis rippled across East Asia and Russia. It turned out that 1999 was a blockbuster year for United States economic growth and corporate earnings anyway."

Well seems he completely forgot about DotCom bubble in 2000 and 2001, if there's a global meltdown, US donnot survive on its own.
SP500 weekly candle was incomplete for next days will aver more to see completed this fall to sell and buy in this area and the same as someone to play a small plane without a parachute
The market top is in, sure we will see bounces, even a crack at the old top. But the sellers are in control now.
And if the SP500 opens up when tomorrow the open market gold to fall possiblity 1130 or 1136 and finally go in 1129 and then go to values above 1200 an ounce which makes the market drivers of the SP500 sellers can leave burned.to me it already reached the target of daily but my point of purchase and 24 points below the SP500 and I'm waiting.
I anticipate a massive decline around September the 16th 2015.
  • New Comment
  •  Guest
  • | IP X.XXX.227.73
Join FF
  • Story Stats
  • Posted: Aug 21, 2015 4:19pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 3,317