The Stock market is going to crash..

I think so too - I have a bet with a friend the FTSE cash will go below 3100 before the end of the year! We'll see..
 
I thought you where a good guy but I quickly changed my mind too. ;-)
 
new_trader said:
Didn't you say (not long ago) that the market will move sideways for the rest of the year because the worst was over?:confused:
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Is this just another example of your inflexible mindset? A person isn't allowed to change their opinion based on new data without you passing a snide comment? When was the last time you ever changed your mind? 1984?
 
IMO, we're still range bound until Q3/4 (macro data is still going to be mixed giving the bulls and bears a turn to run the market). As for the market crashing below the lows we've seen already this year, it's going to need a pretty big "black swan" event - bigger than only a few months ago when the major fear was that the banking system would collapse and we'd all be queuing round the block for our soup and bread...
 
wfo said:
IMO, we're still range bound until Q3/4 (macro data is still going to be mixed giving the bulls and bears a turn to run the market). As for the market crashing below the lows we've seen already this year, it's going to need a pretty big "black swan" event - bigger than only a few months ago when the major fear was that the banking system would collapse and we'd all be queuing round the block for our soup and bread...
Click to expand...
The indices have already moved down a range. next stop s&p 880
 
wfo said:
As for the market crashing below the lows we've seen already this year, it's going to need a pretty big "black swan" event - bigger than only a few months ago when the major fear was that the banking system would collapse and we'd all be queuing round the block for our soup and bread...
Click to expand...

Not necessarily - have a look back to the markets on 9/11 (2001). Everyone thought that was the low. Look how much further it went over the next 18 months. There is no reason why the market can't go lower than it already has - it's still carrying plenty of negative baggage from the last two years.
 
Jaydee said:
Not necessarily - have a look back to the markets on 9/11 (2001). Everyone thought that was the low. Look how much further it went over the next 18 months. There is no reason why the market can't go lower than it already has - it's still carrying plenty of negative baggage from the last two years.
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Exactly, we have had 'the world is going to end' panic, a smallish bounce and now we could quite easily drift down and down taking out the lows on the way.
 
Rossini said:
Exactly, we have had 'the world is going to end' panic, a smallish bounce and now we could quite easily drift down and down taking out the lows on the way.
Click to expand...

Agree the PPT will step in at every level to prop the market up as long as possible.
 
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