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?
Seattle Bubble Forum Archive
Archived forums. Find the live forum at SeattleBubble.com/blog/forum/
NOTE - This page is a static archive. Visit the current Seattle Bubble forums at SeattleBubble.com/blog/forum/
Stocks headed for a fall
Moderators: synthetik, The Tim, Lake Hills Renter
53 posts
• Page 4 of 4 • 1, 2, 3, 4
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
- Bubble Bloviator
- Posts: 216
- Joined: Sun Feb 18, 2007 9:39 pm
- Location: Happy Renting in Capitol Hill
53 posts
• Page 4 of 4 • 1, 2, 3, 4
Who is online
Users browsing this forum: No registered users and 3 guests