Comments on: Sentiment Overview: Week Of December 19th, 2008 http://www.tradersnarrative.com/sentiment-overview-week-of-december-19th-2008-2168.html Freshly squeezed market commentary & analysis Sat, 20 Mar 2010 23:34:42 +0000 http://wordpress.org/?v=2.0.2 by: Michael Lomker http://www.tradersnarrative.com/sentiment-overview-week-of-december-19th-2008-2168.html#comment-36091 Sun, 21 Dec 2008 14:16:58 +0000 http://www.tradersnarrative.com/sentiment-overview-week-of-december-19th-2008-2168.html#comment-36091 I think the statistic is that bear markets last 1/3rd as long as the bull run that it is correcting. In Elliot wave terms it is believed that we have begun a Grand Supercycle correction. If that is true then we are ultimately going to correct the market from the beginning of recorded commerce. I'm about to turn 37 and I fully expect this to be (from a technical perspective) a bear market long after I'm dead. Does this mean you should buy guns, gold, and build a fallout shelter? No. After a while people become accustomed to how the market works and that becomes the new normal. If you read investment books prior to the 80's you'll find that they completely scoff at the idea of bull markets and all investors were cautious. If you still have money in retirement accounts there will be a better opportunity to pull it out in the next year. Since we didn't rally above 1000 on the S&P on this move then we should see an even larger move in 2009. Bear markets do have magnificent rallies, but people need to learn to use stops...the days of buying and holding under the assumption that markets always go up is dead (and was a horrible assumption in the first place). I think the statistic is that bear markets last 1/3rd as long as the bull run that it is correcting. In Elliot wave terms it is believed that we have begun a Grand Supercycle correction. If that is true then we are ultimately going to correct the market from the beginning of recorded commerce. I’m about to turn 37 and I fully expect this to be (from a technical perspective) a bear market long after I’m dead.

Does this mean you should buy guns, gold, and build a fallout shelter? No. After a while people become accustomed to how the market works and that becomes the new normal. If you read investment books prior to the 80’s you’ll find that they completely scoff at the idea of bull markets and all investors were cautious.

If you still have money in retirement accounts there will be a better opportunity to pull it out in the next year. Since we didn’t rally above 1000 on the S&P on this move then we should see an even larger move in 2009. Bear markets do have magnificent rallies, but people need to learn to use stops…the days of buying and holding under the assumption that markets always go up is dead (and was a horrible assumption in the first place).

]]> by: blues http://www.tradersnarrative.com/sentiment-overview-week-of-december-19th-2008-2168.html#comment-36089 Sun, 21 Dec 2008 05:06:18 +0000 http://www.tradersnarrative.com/sentiment-overview-week-of-december-19th-2008-2168.html#comment-36089 Test the low... not even sure whatever we do will be of any good? All the money that we made trading will become what, if this were to come true? http://market-ticker.denninger.net/archives/695-Were-All-Madoff.html It seems it will 99.99%... is sad... maybe time to take your money and move to another country? Is going to be rough... If what happen to iceland were to happen here in America... then what? Our stupid government is trying to fight this crsis using what it cause it in the first place? More debt? Making sure people are borrowing more? WTF?? Test the low… not even sure whatever we do will be of any good? All the money that we made trading will become what, if this were to come true?

http://market-ticker.denninger.net/archives/695-Were-All-Madoff.html

It seems it will 99.99%… is sad… maybe time to take your money and move to another country? Is going to be rough… If what happen to iceland were to happen here in America… then what? Our stupid government is trying to fight this crsis using what it cause it in the first place? More debt? Making sure people are borrowing more? WTF??

]]> by: Michael Lomker http://www.tradersnarrative.com/sentiment-overview-week-of-december-19th-2008-2168.html#comment-36085 Sat, 20 Dec 2008 12:20:36 +0000 http://www.tradersnarrative.com/sentiment-overview-week-of-december-19th-2008-2168.html#comment-36085 I think you are correct. We will be testing the lows in the next few weeks to take the grin off of the bull's faces. I think you are correct. We will be testing the lows in the next few weeks to take the grin off of the bull’s faces.

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