lightwaves
Recycles dryer sheets
- Joined
- Jan 16, 2008
- Messages
- 56
Not until the market gets something from policy makers (governments and central banks) that convince it that said policy makers have even half a clue.
Until then I see NO fuel for a rally, just more abject despair and uncertainty.
Yeah, I know -- but I don't see anything else driving this market. This market desperately needs some decisive policy measures that it believes in -- even if merely workable and not perfect.Well aren't you Mr Sunshine........
At this point, I'd be very, very happy if the year ends flat. Though barely more than two months into the year, "flat" already means a jump of about 33% from here!
Yeah, we'd need five more days like today.
Look on the bright side. You could have capitulated and joined the herd using ultrashort funds for financials and real estate.Sure is nice for a change. Probably down 500 tomorrow.
Assuming we are half way through an 18 year bear cycle, the "great bull" could return in 2017-2018.
In the meantime, there could be some strong multi-year rallies - aka "bear market rallies" - before additional nasty plunges. That is the nature of a "secular" bear market. I intend to rebalance.
Audrey