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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (45951)	2/12/2013 9:01:28 AM
From: Seismo	1 Recommendation Read Replies (2) \| Respond to of 220946

Memory lane from Hussman's weekly: As a reminder, early 2007 is when the NYSE floor reporter on the most-watched business channel on television waxed rhapsodic about the market’s resilience, saying “There’s a floor to the market – every time they try to sell the market down for the past seven months, it goes down for two days and it comes back. Buyers are there just below the last sale. People who keep talking about this real estate bubble don’t understand. Commodities and transports have been rallying partly on the theory that the ‘soft landing’ would be successful and indeed it has been successful. This disaster that the bears have been talking about hasn’t happened.” (h/t ZeroHedge for the video walk down memory lane) The S&P 500 was down nearly 7% within about 2 weeks, though it took another 2 years for the S&P 500 to lose half its value.