Doom and gloom?

schoe

Well-known member
343 3
First time I've attached something to a message so hope it works. Any comments on this e-mail I received tonight?
 

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  • Market Selloff - An Important Message From TraderMike!.htm
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ewilcox

Active member
134 2
Sounds like he is talking much like the author of the book "Conquer the Crash" by Robert Prechter that I have just read:

http://www.amazon.co.uk/exec/obidos/ASIN/0470870907/ref=pd_sim_b_dp_5/026-9277445-9238062

He makes a compelling case for a big crash although it has to be said the whole book is very one sided. Has anyone else who has read this book got any thoughts on it and the likelihood of a big crash coming in the next few years?

For my part I am feeling bearish about most stocks at the minute. I get the impression growth is slowing in the US and will soon peak here in the UK sending us back into another depression. Given the current debt excesses in the US, and here, I think it will take only another big event such as 9/11 (god hope it never happens again) and markets could drop like a stone at the minute. I suppose what i'm trying to stay is I don't see much propping up stocks in the near to medium future. My opinion only...

Very interested to hear all thoughts....

ew
 
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candles

Established member
809 152
Are you a subscriber of his, schoe or are they free? I would like to receive them emails. Thank for posting
 

schoe

Well-known member
343 3
candles said:
Are you a subscriber of his, schoe or are they free? I would like to receive them emails. Thank for posting
No I'm not but I think the address is shown on the bottom of the email if you want to subscribe he seems to know his stuff.
 

Racer

Senior member
2,666 30
There will always be a big crash and a big boom in the years to come... that is the way the market works.... crowds panic.. crash.. crowd euphoria... boom... then bust.. human nature...
 

Salty Gibbon

Experienced member
1,535 6
Prechter has been predicting a crash for years. There will probably be a crash eventually so in time he will be proved correct.

I predict that we will all die one day so in time I expect to be proved correct too.

Loadabollocks really.
 

AlexAndrews

Member
91 2
Are we approaching financial Armaggeddon? I doubt it. Has the performance of the markets over the last 50 years been historically exceptional? I believe so. Will we see one major crash to bring us back to the LONG term trend? Extremely unlikely. Will we see a series of long bear markets with quite convincing bear market rallies over the next 20+ years? Quite possibly. Is anyone really interested in the outlook for the stock-market over the next 50 years? I've yet to find a single person.

Alex
 

Racer

Senior member
2,666 30
Maybe that is because a lot of people who are trading now are new to the market..The winners are few and far between, so they haven't experienced the booms and busts and survived.
You can't get away from crowds and behaviour and that is the stock markets....
Fear and greed
 

AlexAndrews

Member
91 2
Traders don't care if the market is moving up or down, just that it's moving. I've mentioned my findings to a few market commentators that I respect (which isn't very many), and even they didn't seem to be at all interested. But I sleep well enough: forewarned is forearmed and all that.

Alex

PS BTW I believe that fear is a stronger emotion than greed.
 
 
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