Hi westpacific, Given the general level of comfortable Greenspin complacency, I can easily imagine a sharp down-draft triggered by a <<sudden realization that the economy isn't getting any better and that indeed it is worsening>>, but I have to really stretch my imagination to think that the market can avoid being a <<classic oversold market>> in the event of such a sudden down-draft.
I suppose, one way the market can sidestep ‘classical oversold’ is for the trading process to be shut down by Executive Order, or by ‘avoidable’ overload of the trading process.
I believe, in the event of such a 'classically oversold market down-draft', <<market is going to look very "scary">> will henceforth taken on a whole different meaning.
I would like to think this thread, of all SI threads, would be ready for the silence inducing mental shock and the simultaneous cacophony of simple primeval screaming that such a down-draft would entail; however, I know, in my own case, I have not even begin to imagine the worst that a scream can be.
When the bulls dismiss a sharp down-draft by following the same thought with "and when recovery takes place" they have left out a big huge chunk of the interim darkness and chaos, as in the Fall of Rome and the subsequent rise of Feudal Europe all took place in the span of a Barbara Walters interview. They should instead think in terms of "General Hospital" or "As the World Turns".
This is why the risk reward ratio is not in the bulls' favor.
I do note that there is an upside to all the likely screaming. This thread will gain a lot of exposure. Hey, the world is going to the basket, but we will be famous;0)
Feel the market. Trust the force. Trust the power of insanity.
Ok, time for my Coke break. 12 cans per year, and thus really precious to me, to be preceded by teeth brushing, so as to better appreciate the pure essence of the magical elixir in a bright red can.
Chugs, Jay |
