Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

I wonder which comes first


bostonangler
 Share

I wonder which comes first  

6 members have voted

  1. 1. The DOW hits...

    • 25,000
      4
    • 15,000
      2


Recommended Posts

  • 2 weeks later...

Not likely to hit 15,000 without a strong underlying reason or surprise

but the hard reality of this market is over bought and we still have done

nothing to address future long term unfunded financial liabilities of upwards of 200 Trillion$

 

That alone could demolish the market at some point of course, and there are no easy

answers to the decades long problems. I see a price in between...17 - 18,000 after

correction. Keep in mind we are also seeing much of the very same mistakes being made

inside the housing market again...same easy money policies coming from some big lenders,

and that is already causing problems.

 

There is no such thing as endless growth, that is a keynesian lie. Everything runs in cycles,

markets are no different, but all things can be whipped out of order for awhile, so we will see.

it will be fear based as all financial fall outs are...watch the volatility when a stronger correction

happens, but for years they have been fairly small, but that will change also at some point

when reality hits euphoria. :lol:

 

Thanks BA :)

Edited by Jim1cor13
  • Upvote 1
Link to comment
Share on other sites

On ‎7‎/‎20‎/‎2017 at 7:21 PM, Jim1cor13 said:

Not likely to hit 15,000 without a strong underlying reason or surprise

but the hard reality of this market is over bought and we still have done

nothing to address future long term unfunded financial liabilities of upwards of 200 Trillion$

 

That alone could demolish the market at some point of course, and there are no easy

answers to the decades long problems. I see a price in between...17 - 18,000 after

correction. Keep in mind we are also seeing much of the very same mistakes being made

inside the housing market again...same easy money policies coming from some big lenders,

and that is already causing problems.

 

There is no such thing as endless growth, that is a keynesian lie. Everything runs in cycles,

markets are no different, but all things can be whipped out of order for awhile, so we will see.

it will be fear based as all financial fall outs are...watch the volatility when a stronger correction

happens, but for years they have been fairly small, but that will change also at some point

when reality hits euphoria. :lol:

 

Thanks BA :)

 

As always a great perspective. Thanks for your insight... I'm not sure how low it will go, but right now we are living with a propped up market moving with no real support. Yes we are making the same mistakes. The Banks too big to fail are now bigger. People have gone back to living beyond their means. IMF is reducing their numbers for projected growth. Our country continues to add debt. I think the correction will be large and ugly. People have seen their investments and retirement accounts soar and most have not adjusted to take their profits, meaning the losses will be shocking. As fast as the markets have gone up, it seems they go down much faster.

 

B/A

  • Upvote 2
Link to comment
Share on other sites

On 7/25/2017 at 4:17 PM, bostonangler said:

 

As always a great perspective. Thanks for your insight... I'm not sure how low it will go, but right now we are living with a propped up market moving with no real support system" rel="">support. Yes we are making the same mistakes. The Banks too big to fail are now bigger. People have gone back to living beyond their means. IMF is reducing their numbers for projected growth. Our country continues to add debt. I think the correction will be large and ugly. People have seen their investments and retirement accounts soar and most have not adjusted to take their profits, meaning the losses will be shocking. As fast as the markets have gone up, it seems they go down much faster.

 

B/A

 

Thanks BA. Indeed, typically corrections happen in a very short period of time, because it is fueled by fear.

 

When fear fuels anything, rational critical thought are thrown out of the window, and the fight or flight

reflex begins, usually with flight being the go to action. So when things naturally correct, as a cycle, corrections

can take much longer to unfold...but when they are initiated by a sudden unexpected surprise that immediately

increases volatility which is a measure of a markets daily ranges, things can go south really quick.

 

The challenges are epic, and those challenges never really went away even after all the years of

"easing" and dumping money into a system that consistently repeats the same mistakes.

 

One of the most difficult things to overcome is our own biases, they are what usually hinders our ability to

notice certain things, to think critically, and to act rationally when reality disagrees with our bias and beliefs

which can then set us up for living with cognitive dissonance which can be costly. It is a denial about reality

because it does not agree with our perceptions and it is not what we want to hear, so we reject what could be

very helpful to us and continue to try and protect our beliefs and biases. We have all been guilty of this at one

time or another.

 

Have a good day BA :)

 

 

  • Upvote 2
Link to comment
Share on other sites

  • 6 months later...
On ‎7‎/‎27‎/‎2017 at 10:27 AM, Jim1cor13 said:

typically corrections happen in a very short period of time, because it is fueled by fear.

 

I was wrong thinking it would go down before the 25,000 mark. I felt it was overbought due to the jubilance of the election. I guess we got to the dance a little early, but the correction appears to be in full swing.

 

B/A

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.