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In light of this startling September rally, analysts who forecasted doom and technicians who predicted a Hindenburg-like stock market crash should own up to their mistakes.
Nah, it will never happen. The doom and gloomers will continue to say the same thing till the next recession, where they will shoot out of the woodwork to portend the next economic apocalypse. When it doesn't happen, the cycle repeats.
The market is all about estimating the value of the future... without a good crystal ball it is simply not easy to do especially in uncertain times. The low volume of trades in the current market shows there is limited confidence in any forecast.
Middle america is feeling the pressure so I understand why there are so many bearish thread titles in this forum. At the moment we might be a little overbought, I was surprised yesterday tbh.
I wish oil would have a little push to the upside, if that were to happen I'll start buying even at these prices (expensive in comparison to start of aug on the TSX, start of sept on wall st)
How about Schiff who not only predicted the decline within a couple of years time, but predicted EXACTLY what government would do in a futile effort to "fix" the matter?
Fannie/Freddie nationalized
automaker nationalized
AIG nationalized
Endless stream of "stimulus packages"
More government intrusion to clamp down on "opportunists"
He was wrong about immediate inflation, but even with high unemployment prices are increasing at a moderate clip so wait until you see inflation when unemployment drops. The poor will suffer massively and the government will be powerless to intervene.
In light of this startling September rally, analysts who forecasted doom and technicians who predicted a Hindenburg-like stock market crash should own up to their mistakes.
Nah, it will never happen. The doom and gloomers will continue to say the same thing till the next recession, where they will shoot out of the woodwork to portend the next economic apocalypse. When it doesn't happen, the cycle repeats.
Come back to this thread and reiterate your feelings at the end of October.
The same thing was said in August about September, June about August, March about May...the list goes on and on for the last 3 years. The funniest was last year when people were claiming the economy would collapse in August, but they made the claim in September.
If nothing happens in October as well, does that mean the doomsayers will just say look out of November or will they finally just clam up? History says the former, at nearly 100%. Look at David Wilkerson who knew economic collapse would happen in 1973, William Branham 1977, John Todd 1979, Pat Robertson 1980-(not sure if he ever stopped), R.E. McMaster 1982, and well so on.
So if nothing happens in October, will you come back and say you were wrong...or will you just say "Wait for it, I know it's going to happen this *enter date farther in the future*"? It's a rhetorical question really, I know the answer already from history.
What total and unbelievable silliness, I love it
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