Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (91780)	12/22/2008 2:02:23 AM
From: roguedolphin	Read Replies (1) of 116555

<<"This thesis is based on the idea that major bear market rallies frequently end on good news, not bad news. Likewise, bull market corrections often end on bad news. With that in mind, the market may be rallying now in expectation of a huge economic stimulus package, something that the news media and most economic pundits thinks is "good news" even if the reality is otherwise. Wasting money is never good news. Under this scenario, the rally lasts until Obama signs that economic stimulus bill plus a 1 to 3 day euphoric blowoff or gap and crap when the world realizes that a true recovery was actually postponed by the recovery package. This theory may or may not happen, but the key now is that regardless of "why", and until proven otherwise, we are still in a choppy overlapping wave 4 up. Either catch the wave or stand aside. Swimming against the tide is simply no fun.">>> I agree the market is discounting and rallying on the expectation of this huge stimulus package by Obama. The thing to remember is that it's entirely possible we may never even get this stimulus package(?)....and that could lead to the "disappointment" that leads to the next wave down. Remember we have already been forewarned by VP Joe Biden that "this President will be tested like no other President since John F.Kennedy and the Cuban missile crisis when he assumes office".... ....now what hell does Biden know that we don't????? We may get more WAR or worse before we get any of this proposed stimulus stuff from Obama.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next