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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (138942)2/5/2018 9:36:47 PM
From: bart13  Respond to of 217605
 
Yep, panic is very much alive & well on the TV news and intertubes tonight, same with possible *opportunities*,

We have had the "standard" announcement from Trump too... and my only real comment is WTFDIK. If we bounce up tomorrow, I'll either lighten up or drop all my shorts. If more SHTF, I'll add a few more shorts and locate some more patience as best I can while watching the Fed's daily TOMO activity... aka, watch and brief. <g>



To: TobagoJack who wrote (138942)2/6/2018 1:03:02 AM
From: louel1 Recommendation

Recommended By
bruiser98

  Read Replies (1) | Respond to of 217605
 
In 2008 when John McCain made that statement the market was already in full decline. I had sold off my oil holdings in mid June at $82 They had dropped to the low $30 range by the time McCain made the statement. The crash was as close to the end as the beginning . Lehman Brothers were already flogging their asset backed paper. And filed chapter 11 bankruptcy 3 days after McCain was falsely pumping the economy. Lehman was the 12th. 11 other smaller banks had already bit the dust since January.

Unlike today unemployment numbers were fast rising, supply / demand in most products were over supplied. Companies were going broke . The market had already been in decline for 9 months.


John McCain in my view has always been falsely over rated and no hero. Below is an article on the history of McCain. Read the whole thing it certainly tells a different story than most believe. American political scene will be far better off when he's gone.

rollingstone.com