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Uh oh... this recession is worse than I thought!
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“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV) -
Yah. The bear market we're in has looked an awful like the last one. Almost the same top, a double top both times, similar selloff and rally extents in most cases, and pretty close on the timing of them too.Originally posted by Lancer
Aeson, are you saying that this has happened before?
If you look at past "panics" there are trends you can look towards to see how people (as a market) actually panic. It's a type of psychology, as people will react similarly in similar situations. (And perhaps the most important aspect of a bear market is fear... and people react to fear now as they always have...) I don't think it tells you where you're going so much as how you'll get there.
For instance, bear markets have the largest swing days, up and down. There tend to be huge rallies (over weeks or months) that go almost straight up. Just like the selloffs go almost straight down.
Bottoms, and the return to stability... tend to be more boring. Bull markets are pretty boring too. I think a good litmus test to get back into markets (for casual investors) is just... will I sleep at night with my money in the market? (Sorry insomniacs... no investing for you!
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Amazing.
Long time member @ Apolyton
Civilization player since the dawn of timeComment
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... the market had a big boost from 15h00 to 16h00!!!blehComment
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Are you sure? I'm seeing the DJIA at -128, S&P 500 at -10.70...Originally posted by Spaced Cowboy
It climbed back up and closed at +30; woo-hoo!
The fat lady ain't sung as of yet.B♭3Comment
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Krugman, on McNeil/Lehrer, said they need to do something internationally by Monday or we're ****ed.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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...deletedblehComment
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...never posted.Long time member @ Apolyton
Civilization player since the dawn of timeComment
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...posted, but universally ignored.
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Watching Bloomberg, Sir Richard Branson..."people should remember that this is not 9/11, this is just...money.
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Class guy.
Long time member @ Apolyton
Civilization player since the dawn of timeComment
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I'd take some of his "just money" off his hands for him anytime
(Even just 1/1000th of it would be fine)Comment
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I'll grant that being loaded made the statement alot easier to make.
Long time member @ Apolyton
Civilization player since the dawn of timeComment
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Originally posted by Lancer
Watching Bloomberg, Sir Richard Branson..."people should remember that this is not 9/11, this is just...money."
Class guy.
Who was saying it's 9/11?
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Branson related a story about how a deal he had with a bank that went south screwed up his airine doing this or that and how he was a little shocked to hear it. Might have been Lehman. So then he was relating that to when he heard about 9/11 and the shock from that, etc...Long time member @ Apolyton
Civilization player since the dawn of timeComment
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So he's not going to jump then.Originally posted by Lancer
Branson related a story about how a deal he had with a bank that went south screwed up his airine doing this or that and how he was a little shocked to hear it. Might have been Lehman. So then he was relating that to when he heard about 9/11 and the shock from that, etc...
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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