Okay well I was being sarcastic on Thursday with that "healthy profit-taking" comment, but then Friday the DOW gained like 150 points, and so far today it's up another 30.
I gotta say... What the heck is going on here?
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Stocks headed for a fall
Moderators: synthetik, The Tim, Lake Hills Renter
53 posts
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by synthetik » Mon Jun 11, 2007 10:55 am
I believe we're at or near a market top, that any further moves upward are the result of even more unsustainable mania and worldwide liquidity.
Look at all the M&A activity - that's clearly a sign that the big whigs are trying to cash in one last time before the crash. I'm assuming the crash will be fueled by a dramatic rise in the cost to borrow money.
Maybe the 10yr is the catalyst we are waiting for... either way, it'll be something - and probably very soon.
Look at all the M&A activity - that's clearly a sign that the big whigs are trying to cash in one last time before the crash. I'm assuming the crash will be fueled by a dramatic rise in the cost to borrow money.
Maybe the 10yr is the catalyst we are waiting for... either way, it'll be something - and probably very soon.
- synthetik
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53 posts
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