Answers to some questions we were asked at the end of last week: [omitting some personal stuff]...
"How soon do YOU think that POMO will cease working.....and that the market
will cough-up a gigantic fir-ball??
answer-
No clue, no one else does either
"Party on"......I guess......until the Kool-Aid runs out.
Answer-
"party on" is a Prejudicial response that reflects an ongoing bias...
The market has been going up... period.
There is no evidence whatsoever that those buying have been making irrational "lets party" decisions. There is no euphoria or party, that "party thought" is a by product of bias....
What's the likely outcome in your mind??
answer
I do not know,. You do not know...No one knows or guesses with a high enough probability to take action on it.
Methinks somethings due to hit-the-fan.
Answer:
It HAS has hit the fan.
We had WW1, WW2, Vietnam, Twin Towers, 20% interest rates, and 15% inflation,
Gas crisis, $140 oil, President assassinated, S&Loan crisis, South America Debt crisis that eviscerated our big banks, Great depression, The great recession, Crash after NASDAQ once in 100 year mania, Housing debacle with prices down more than anytime since the great depression, Big bank bailouts, financial crisis.
And the Dow is at 11,000s up from 80s in the early 1930s.
America is still on its feet.
Corporate profits are terrific and increasing.
Rational market or irrational "partying" market participants??
1/10th of 1% in a money market with the Fed debasing those dollars
or Intel, with a great balance sheet and 3% yield that will go up over time.
....Just saying that this whole line of questions is screwed up.
Markets go up, markets go down and always will.
There is greed, then their is fear, then greed, then fear and that will never ever change.
Markets are normal."
...
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