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

By: capt_nemo in POPE 5 | Recommend this post (2)
Tue, 01 Oct 19 8:41 PM | 22 view(s)
Boardmark this board | Pope 5 		Msg. 41126 of 62138
(This msg. is a reply to 41125 by Decomposed)
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There's no exuberance, and we don't have janitors hocking their houses in order to buy stock.


What would you call Schwab dropping their charges for online trading??? Folks are getting out of this scam market. These trade houses will all be giving away trade cost to try and lure people back into this scam?? hmmmmmmmm LOL

I would say smart money is getting out.......




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: Chicago PMI "Drifts to 47.1 in September", Lowest Quarter since 2009
By: Decomposed in POPE 5
Tue, 01 Oct 19 8:33 PM 		Msg. 41125 of 62138

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.


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