No bailout is needed…the US needs to come back to earth for a bit IMO!
Posted by MC on Sep 30, 2008
All kidding aside…this is a CORRECTION, not a world ending meltdown. They let the bubble go on for WAY too long, made lending way to easy and cheap and now people are losing money and have become panic stricken again like back in Y2K. WTF, people like the bubble profits from 1995 forward but act like Chicken Little when the same ATR hits the downside? The BIG gains can come with equal or bigger losses…that’s how ATR works. LOL The market BADLY needs a real correction, otherwise the higher she goes the bigger and longer the bear cycle will be. We are in a bull cycle that has probably near run it’s course. Perhaps 1 more push but I really feel it’s nearing time for a full bear cycle.
I didn’t use log scale…this illustrates the wild ATR our market is saturated in.
