03-13-2017, 01:19 PM
(This post was last modified: 03-13-2017, 01:22 PM by TeacherinExile.)
And getting back to Strauss & Howe's concept of a Great Devaluation...here's a bearish prediction from one of the stock market's hottest technicians. (His time horizon largely squares with my own.)
Disclaimer: Nothing here should be construed as trading or investment advice. Consult your financial advisor for guidance:
"Crash guru warns the Dow could plunge to 14,800 — and today’s a date to watch"
http://www.marketwatch.com/story/crash-g...2017-03-13
Of course, anyone here who has lived--and invested--for several decades, today's "hot hand" is tomorrow's flameout. I'm thinking of past market gurus, like Joe Granville with his "on-balance volume" barometer, and Robert Prechter (perma-bear!) with his once-popular Ellliott Wave theory, the latter approach of which still has its practitioners.
What the market technician predicts as a "worst-case" is about a 29% drop in the Dow, hardly a Great Devaluation. My rhetorical question, should even that bear market come to pass, who will get the blame? Obama? or Trump? Which leads to my next question: At what point will Trump have to shoulder the blame for any recession/bear market that might materialize in 2017-2018? He has already taken credit for the post-election stock rally, as well as the solid employment report released last Friday. Is it all "his baby" now?
Disclaimer: Nothing here should be construed as trading or investment advice. Consult your financial advisor for guidance:
"Crash guru warns the Dow could plunge to 14,800 — and today’s a date to watch"
http://www.marketwatch.com/story/crash-g...2017-03-13
Of course, anyone here who has lived--and invested--for several decades, today's "hot hand" is tomorrow's flameout. I'm thinking of past market gurus, like Joe Granville with his "on-balance volume" barometer, and Robert Prechter (perma-bear!) with his once-popular Ellliott Wave theory, the latter approach of which still has its practitioners.
What the market technician predicts as a "worst-case" is about a 29% drop in the Dow, hardly a Great Devaluation. My rhetorical question, should even that bear market come to pass, who will get the blame? Obama? or Trump? Which leads to my next question: At what point will Trump have to shoulder the blame for any recession/bear market that might materialize in 2017-2018? He has already taken credit for the post-election stock rally, as well as the solid employment report released last Friday. Is it all "his baby" now?