Ander's Market Theories

[AnderL]

I think it was Livermore that said that he remembers when the bottom dropped out in 29 where US steel was trading for $100 and the bid dropped out. Someone wanted to dump his shares and just asked for any bid. Either he or someone else came up and bid $1 per share. Bought all the guy was holding. Stock jumped to 50 by the end of the day. Those were the days. Markets rarely get that bottom dropped out selling, just a long slow decent into oblivion.

I've come to not trust financials. Not even for a trade. I think they are all tainted and will probably need a complete collapse before anything worth investing comes out of that industry. Probably in a decade or so.