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I f you will check the direction of the market was only changed for a day or
two when Kennedy was assassinated. Granted you could have made a killing if
you were short before. No event in history has ever changed the direction of
the market. Not civil war, WW1 or W.W.II check the old charts and see. I have
been saying for a year, " as soon as they get every one in the pool, they will
drain the water". I am not a bull or a bear. I am an opportunist. Just let it
move. The snow ball could occur and so could that snap back 500 point rally
that gets the publics very last dollar. Make sure the light at the end of the
tunnel is not a train coming your way. Ira
BrentinUtahsDixie wrote:
> Thinking out loud. Now, the magic 20% is at hand and panic is starting to
> become apparent. Had to laugh, the talking heads said that this slump is
> the fault of “small investors”. Bull! Small investors would have caused the
> market to go down early in the day or be spread out over the whole day.
> Consider that there is more debt to value among the public than at any time
> in the history of the Dow and most small stock investors have already lost
> money(it’s not in the bank). Those payments are going to be harder to cover
> if there is any recession, which at this point is almost a certainty.
> Sounds like a good set up for the snow ball effect to me. Personal debt
> crises causes people to panic and sell their stock which causes more people
> to panic and sell their stock which makes for a greater debt crises and we
> all know how it is to sell in those fast panic markets. Maybe big blue or
> Microsoft will buy all of their stock back tomorrow.
>
> This could be a major historical event. Where were you when Kennedy was
> assassinated anyway? Until tomorrows Real Traders digest.
>
> Brent
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