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 : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (7261)	6/20/2008 10:50:40 PM
From: Moominoid	Respond to of 41420

The basic assumption that if most people are bearish they're probably wrong, that the market tends to anticipate the slowdown in economic activity and the March bottom looked very significant. So far the decline from the May high is analogous to the wave 2 decline in 1991. We need something to rescue us here now. Then it was a fall in the price of oil it seems. Oil looks like it is peaking here, though that could of course be completely wrong. The US economic slowdown so far doesn't seem as bad as predicted though numbers may be revised down further down the road. Everything, minute to minute seems to be hanging on the price of oil now, so it is unpredictable.