« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Chicago PMI "Drifts to 47.1 in September", Lowest Quarter since 2009 

By: Decomposed in POPE 5 | Recommend this post (1)
Tue, 01 Oct 19 8:33 PM | 48 view(s)
Boardmark this board | Pope 5
Msg. 41125 of 62138
(This msg. is a reply to 41117 by capt_nemo)

Jump:
Jump to board:
Jump to msg. #

Nemo:

Re: "All the indicators are there, for this scam market to be down to, at least 2008 level, BUT HAAAAAAAAAAAAAAAAAAAAAAA Its a new world , isn't it?????????????????????????????"
I don't think so.

The markets will fall if there's a recession, but they won't drop to 2008 levels until the stock market bubble bursts. Bubbles don't burst on the kind of "blah" volume and lackluster gains we've had for the last year. They burst when everything surges insanely. You remember how it was before the housing bubble burst? And how it was before the Nasdaq bubble burst? That's how it gets before every bubble burst. "Irrational exuberance" is what Greenspan called it (way too early, as it turned out.) We aren't there yet. There's no exuberance, and we don't have janitors hocking their houses in order to buy stock.




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


- - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
Chicago PMI "Drifts to 47.1 in September", Lowest Quarter since 2009
By: capt_nemo
in POPE 5
Tue, 01 Oct 19 7:31 PM
Msg. 41117 of 62138

All the indicators are there, for this scam market to be down to, at least 2008 level, BUT HAAAAAAAAAAAAAAAAAAAAAAA Its a new world , isn't it?????????????????????????????

http://feedproxy.google.com/~r/CalculatedRisk/~3/QnvU2So7uH8/chicago-pmi-drifts-to-471-in-september.html


« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next