I thought you said you didnt have any money invested so my bad on that.

I like what you have to say and listen to it. Historical data is great and can give us an idea of how things "might" play out. But there is also the human side of it and that is were anything goes and it could change the way we look at the historical data someday. Greed is playing a big role in what is going on right now.

I hope you are right, I really do and I will be one of the first to come back and say you were right if it turns around.

If it doesnt turn around anytime soon, It will turn around eventually. Maybe we will all look back at this as a stepping stone in this big game and fix the problems that got us here in the first place.

If we follow the historical data then it is pretty much a given that it will happen again, eventually. It will be the same game just with different players.

See I think Greeny is right on point when it comes to looking at the stock market as a money making machine. If you are trading stock and doing the tech analysis, its about what is going up and down today, tomorrow and next week. Its impossible to know how a company will do more than one quarter out. Things change, the competition changes, the business environment changes, and traders don't care. Its about which stock will make me money today.

On the other hand, the "real economy" is irrelevant to the stock market. There is absolutely no reason there has been a rally in the past couple of months. Since March, unemployment has gone up, consumer spending has gone down, foreclosures have gone up, GDP has gone down. All these so called green shoots are nothing more than bad results being not as bad as the analysts are predicting. Analyst predicts that there will be 600,000 new unemployment filings, the results are 580,000, and the market goes up.

MickyDees goes up after they fire people because on paper, their numbers look better. If they were planning to sell a million Big Macs, but had to pay 10,000 employees, their cash flow would equal x. Fire a thousand people, and suddenly their expected expenses shrunk and it looks like they are making more money. Stock goes up. But then in three months the results come out that people decided to BBQ in their back yard more than MickyDees expected and they sold only 800,000 Big Macs, stock goes back down. End result = fire another thousand people.

Green Bic, I would never challenge you knowledge at reading charts, you are certainly better than I am at that, but Charts are a fictitious snapshot of the real economic conditions.

The value is going up, yet the volume is going down. Common sense dictates that it cannot continue like this forever.

The price of stocks goes up as more stock is sold. Demand creates value. However, in the current market, demand is going down, but value is still being "created"?

I'm no financial whiz, but it just doesn't make sense to me. It's one of those "If it looks too good to be true..." situations.

This is going to hurt...

This goes along with kondriatiev long wave economics. Supposedly we're just in a wave 3 up and about to go into wave 4 down, to below march lows. The 1930s depression gives credence to the theory because this one is following the same pattern, from the data points we have so far. Some smarter people than me have mentioned that the "sucker's rally" is running out of steam according to the technicals.

Hmm. Can you say... Time Wave Zero?

That and the webbot predicted somethin major in aug 22-23 (which didn't happen as far as I know) and something much much bigger on oct 25. Before the aug 22-23 date I went into that pendulum prediction thread and asked if these dates had any significance. According to the pendulum, nothing would happen on aug 22-23 (low and behold, nothing did) but, it said something huge, not quite ww3 huge, or nuke huge, but somethin really big WOULD happen on this oct 25 date. It caught my attention that the pendulum prediction called the non happening of aug 22-23 spot on, and then predicts this oct 25 along w/ time wave zero. It should be interesting to see what happens.

The idea of a 1974 type of meltdown has occurred to me and I remember that one very well.

The biggest difference between 1974 and now are the artificial derivatives as well as some of the political climate.

1974 was the year Nixon got his ass ripped, Gordon Liddy went to jail (LOL...I hear rumors that he used to walk ramrod straight around the yard with his clothes starched and crisp. lol

Anyhow...one of the Japanese soldiers was informed they lost in 1974...TRUE!!

A little thing known as the OIL EMBARGO ...in MarchAprilish...also LOTS of Tornadoes...

ALSO Nixon wanted to discuss using CIA to block FBI investigations...lol

So the times were turbulent as well.


Debt was different.

Nobody I knew had credit cards.

Very few borrowed money form the banks.

Most pay cash and save.

Now we are in a freak storm of weird debt.

Keep looking at it though as I hope you are right concerning the 1974 thing.

"The thing about money, Bud...it makes ya do things ya don't wanna do."
-Wall Street (movie)

Originally posted by -NewSense-
Hmm. Can you say... Time Wave Zero?

That and the webbot predicted somethin major in aug 22-23 (which didn't happen as far as I know) and something much much bigger on oct 25. Before the aug 22-23 date I went into that pendulum prediction thread and asked if these dates had any significance. According to the pendulum, nothing would happen on aug 22-23 (low and behold, nothing did) but, it said something huge, not quite ww3 huge, or nuke huge, but somethin really big WOULD happen on this oct 25 date. It caught my attention that the pendulum prediction called the non happening of aug 22-23 spot on, and then predicts this oct 25 along w/ time wave zero. It should be interesting to see what happens.

Something did happen on August 22 and 23rd. To be more precise, nothing happened. As in that was how it was supposed to look.

Take it from me. That weekend is the turning point, everything started to stress out a little more.

The insider traders started pulling out of the market at that time and there are fractures in the retail sales (which not many people noticed).

Believe me though. It happened, only the trained eye could see it though.