Archive for the ‘market crash’ tag
Projection for 11-21-2008: Bear Market Rally. Equity is dead: Capital Structure.
Bear Market Rally
I’m still bearish in the mid to long term, but tomorrow could show us a bear market rally, which should be sold into on its highs. After taking profits turn around and start shorting again.
Overall we still have a ways to go before any consideration should be taken for the equity market.
2008 vs 1929 charts, an update to 11-14-2008
Based on pageviews, which is the only thing I have to go off of without comments, the charts were a hit. I’m back with an updated chart since the last one, still comparing the 1929-1932 chart to now.
The 1929-1932 Chart
The now chart (as of 11-14-2008)
If you weren’t convinced about the ‘economic downturn’ before, maybe you are now?
It still baffles me when people want to stand behind ‘this isn’t a recession’. Well, its not technically a recession by definition, but the measurement for a recession is based on GDP and a length of time. We may not currently be in what is defined as a ‘recession’ based on these 2 factors, but we’re in more of a sudden condition, whatever it is that you want to call it. Those two metrics are heavily lagged by what is actually going on. The media has deemed it an ‘economic downturn’. Is this a new definition?
The real Dow Jones Industrial Average reaction to the collective action of the central banks: An analysis
Considering that under normal market conditions, an occurrence as massive as the collective action Tuesday of the central banks around the world lowering rates .5% in unison would push the DJIA up at least 500 points, because that is such a significant event, I have deduced a net effect analysis.
