ajtj99's Market Pulse

[jdaasoc]

I basically agree with your lining up cycles to a great degree but wasn't going to post gut feelings from looking at daily charts of 7 -8 years ago and get flamed.

I was thinking that similar pint on timelines was
end of 2nd Q 2007 and end of 3rd Q of 1999.

SEP & OCT of 1999 was a lot of sidewards with lots of down with quick retracements going sideways with sector rotation into tech from balance of more moribund market sectors.
We made explosive move up at EOY and eventually led to sad topping action in Springtime.

I can remember shorting market and not making much headway in late 1999 when I knew things could get very ulgy from a valuation standpoint. Became clown long in FEB 2000 and ran for the hills like everyone else in APR.


We basically gone no where in last 6 weeks.

I see many paralells today to 2000.
Only difference is "lying" is quality of debt on liability side of ledger rather on income side of ledger in 90's.

No one wil go to jail for assuming dead beat borrowers will not pay.