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It may bounce tomorrow, but over the next few 12 month, it will be a rough grind down to 18,000. Good lord, what is it with HN downvoting. It's my opinion. I
by pcurve 9y ago
It may bounce tomorrow, but over the next few 12 month, it will be a rough grind down to 18,000.
Good lord, what is it with HN downvoting. It's my opinion.
I'm putting money where my mouth is based on my equity:cash position.
https://finance.yahoo.com/quote/%5EDJI?p=%5EDJI https://finance.yahoo.com/quote/%5EDJI?p=%5EDJI
It's easy to fall into the trap of short-term view. Go to the above chart and click 1 day, 5 day, month, YTD, 1 year, 5 year, Max in sequence.
Lesson learned for me is, don't bet against the market, but when cycle turns, it can take months or years to play out.
- AnimalMuppet 9y agoWhy 18,000? Why 12 months?
- luckydude 9y agoThe double bounce that the stock market has just done, a high run up, then a dip, then a bounce up, then it goes down, is classic and it signals a bigger drop. I'm not a pro, that's what my guy at Morgan Stanley says. So I think pcurve may be right. I'm about 75% in cash right now. Click on the 6 month view to see the double bounce. WTF HN? A downvote for passing on information?
- luckydude 9y agohttp://www.mcvoy.com/lm/boom-bust.jpg http://www.mcvoy.com/lm/boom-bust.jpg Not sure we are there yet, nobody knows for sure because if they knew they'd own the market. But that was what I was talking about.