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Re: SpacemanSpiff post# 55693

Friday, 03/29/2013 10:33:42 AM

Friday, March 29, 2013 10:33:42 AM

Post# of 293289
"when the market "corrects" itself by falling 50% I'd call that crash wouldn't you? "

no....depends on the volitility...if it drops quickly on huge volume then it has crashed...if it drops steadily over a long period of time, then it is a correction...a huge correction...but still only a correction...
given the economic situation both domestically and globally, the market is extremely overpriced...add in the political situations and you have the potential for a meltdown...

the economic problems will cause a huge correction...toss in a north korean showdown of significant proportions and you get the crash...

i am doing short term trades only...mostly in cash...will be shorting big time when the time is right...then will reverse and buy...

this aint rocket science...
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