DISQUS

Dunlap · 8 months ago

First of all, I'm a little concerned by how nonchalantly you talk about throwing cats out of windows high enough to watch them bounce. That is a little disturbing. Second, I really think that calling anything after ONE bad day is a little quick. You're talking about a 25%+ rise over a month or so, and then you're ready to call it off after a 3% dip? I think I'll wait it out a bit. I've enjoyed the rally so far, and I plan to continue enjoying it, even if there are some dips along the way.
Also, I have thrown "Futures prices" out the window. How have the future prices been holding up over the past year? Pretty accurate? Why would you expect them to be right now?

Matt Marshall · 8 months ago

I like cats, and wouldn't throw them out of the window. I had one, Boots, and I adored him.

I'm not suggesting this is a one-day call. It's just that there was a gathering euphoria there that seemed a tad risky. I've been following the market too long to suggest I know where it's going from day to day.

Gadget Sleuth · 8 months ago

Eh...most of my friends in the know say the stock market is waste of time in the really long term...in the short term or medium term (10 years or so) you can make money on it, but its just too volatile these days for that to even hold true anymore.

Nick · 8 months ago

There is an histeric behaviour regarding stock markets, and the Economy...everybody switch from hyper pessimism to super optimism and back again to hyper pessimism. It is not reasonable that we all live this way. One day this company is great, tomorrow is crap, next week is great again. Banks were a disaster a month ago; then they turned to be the stars of the market, and today they are all going to bankruptcy again??? Come one! I think we should start putting into the ecuation that there are a couple of very few guys driving the markets and the economic forces in one direction or another, and on the other side of counter, there are billions of people following what these guys want us to believe, and making them multi billionaires or even trillionaires in the process. This kind of behaivours make me feel that the entire Economy is just a fantasy, something created by very few to take advantage from all the rest.

Engago team · 8 months ago

Every big downturn requires a technology innovation to get out and going again.
No such thing in sight for the moment.
Financial powers in the world will change location, just like it happened after the depression of 1872 due to a mortgage lending boom in Europe: the change from Europe to US.
The real great depression of 1872 (took about 20 years to recover)
http://paul.kedrosky.com/archives/2008/10/03/ge...
http://chronicle.com/weekly/v55/i08/08b09801.htm