Silicon Investor (SI) -- The First Internet Community

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 : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (53905)	2/15/2006 1:28:50 PM
From: ild	Respond to of 110194

Date: Wed Feb 15 2006 11:08 trotsky (traderneal, 9:22) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved markets often move contyrary to what might be expected on account of a news item. in fact, numerous studies on the subject published by Bob Prechter over the years prove that this is what happens MOST OF THE TIME. the financial press frequently uses the SAME 'explanation' in attempts to describe the reason why a market moved up OR down. the reality is that not even completely unexpected news tend to move markets for more than a single trading day. this is because markets discount new information long before it becomes known. when a news item comes out, the market is already busy discounting the FUTURE news that are not known yet. Date: Wed Feb 15 2006 10:50 trotsky (permabear) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "I suspect the market is going to shock the majority and head north." it's certainly possible for the market to head north, but that would hardly 'shock the majority'. we have just had the longest streak of a majority of bullish vs. bearish stock market advisors in the entire history of the Investors Intelligence poll for instance. so the market heading north is precisely what the majorty has been expecting and continues to expect. mutual fund cash-to-asset ratios are at an all time low ( only rivalled by the low reached at the 2000 top ) , so mutual fund managers certainly ALSO expect the market to head north, otherwise they wouldn't be as fully invested as they have ever been. in short, the only thing that could POSSIBLY 'shock the majority' is the market heading south.