It is pointless arguing with a herd of bears who have been wrong for months
Lizzie, oh Lizzie... as someone already pointed out, this recent bear market rally lasted all of 7 weeks, and now we are fast approaching THAT supposed bottom.
Three years ago NAZ 5000 and we are now only 200 points above THE supposed bottom yet you say bears have been wrong for months???... hello?? earth to Lizzie, come in please
Just because someone is bearish long-term that doesn't mean they don't realize we can have intermediate-term rallies. remember the July 24th bottom? well, this bear realized we were probably due for a bounce- #reply-17781722
Bears have been right for YEARS Lizzie, just because we have these fast and furious bear market rallies doesn't mean it's bull-market time.
But I can see you've just made up your mind, regardless. Any argument you don't agree with you can find a way to rationalize your way out of it, to support your bull-headedness.
such as this statement by you- "BTW- on this "historical magnitude of bubble", one interesting thing is the year 1999 when naz went up 78%. An 80% rise in a year (most of the rise in the past 3 mos) and then of course a crash. I wonder if the brief spike really mattered... whether that money should count towards the "historical magnitude" argument. It was so brief and fleeting, not enough time to alter spending patterns or change the economic picture in any way."
Well, Lizzie, I guess if you want to use that argument that a one year rise on the NAZ of 80% most of it right before the top doesn't really matter... then I guess if we have a huge panic drop at the tail-end of the bear, well does that matter, Lizzie???... See what I mean?
Yes, that incredible last few months of the bubble DID matter. I will always remember it fondly <VBG> |
