... Stampede of stock buyers that is.
The Dow has the biggest single-day gain in eight weeks, and the "Best Bullish Day of Year on NASDAQ since April 2003"...
You don't say?!
These are the new headlines in the media suddenly today... Just yesterday, the media exclaimed investors should be extremely concerned about the future direction of the stock market, and furthermore confirmed a market crash and a recession is now imminent (... they forgot to add the end of the world is near and there's a sale at Macy's!)
For some perspective on the latest stock market action, the chart below presents the FACTS -- The current trend of the S&P 500. The recent decline in the S&P 500 has been relatively sharp, BUT the S&P 500 remains within its five-year trend channel, and support (green line) is being tested.
Where we will go from here is not clear yet. BUT the fact is the DOW was up +320 points today alone on high volume, and that said we'll go out on a limb and state we believe to be another day away (further) from the upcoming Stock Market Crash! ... (To see what a real Bear Market looks like, simply look at the time period from 2000-2003 in the chart below). Nothing has changed since June 2007 of this year, when the financials met Pandora's Box for the first time.
For now, we prefer to call this simply a time of ... "froth removal from the party punch bowl"... or if you prefer, a pre-Christmas house cleaning before Grandma and the reindeer come home for the end of 2007 year holiday market rally -- hopefully to empty the rest of the punch bowl.
And if the facts are just too plain boring and you prefer dark drama instead of "what ifs", then we recommend the following 11/12/07 dissertation by Bill Fleckenstein a good read. Like a good ole generic Hollywood thriller, how can one simply pass up reading a blockbuster title like, "The Stage is set for a stock crash".
Too bad this article wasn't published on Halloween!
... Can you go short on Pop Corn?
The Dow has the biggest single-day gain in eight weeks, and the "Best Bullish Day of Year on NASDAQ since April 2003"...
You don't say?!
These are the new headlines in the media suddenly today... Just yesterday, the media exclaimed investors should be extremely concerned about the future direction of the stock market, and furthermore confirmed a market crash and a recession is now imminent (... they forgot to add the end of the world is near and there's a sale at Macy's!)
For some perspective on the latest stock market action, the chart below presents the FACTS -- The current trend of the S&P 500. The recent decline in the S&P 500 has been relatively sharp, BUT the S&P 500 remains within its five-year trend channel, and support (green line) is being tested.
Where we will go from here is not clear yet. BUT the fact is the DOW was up +320 points today alone on high volume, and that said we'll go out on a limb and state we believe to be another day away (further) from the upcoming Stock Market Crash! ... (To see what a real Bear Market looks like, simply look at the time period from 2000-2003 in the chart below). Nothing has changed since June 2007 of this year, when the financials met Pandora's Box for the first time.
For now, we prefer to call this simply a time of ... "froth removal from the party punch bowl"... or if you prefer, a pre-Christmas house cleaning before Grandma and the reindeer come home for the end of 2007 year holiday market rally -- hopefully to empty the rest of the punch bowl.
And if the facts are just too plain boring and you prefer dark drama instead of "what ifs", then we recommend the following 11/12/07 dissertation by Bill Fleckenstein a good read. Like a good ole generic Hollywood thriller, how can one simply pass up reading a blockbuster title like, "The Stage is set for a stock crash".
Too bad this article wasn't published on Halloween!
... Can you go short on Pop Corn?
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