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Tuesday 22 January 2008

When the market bounces

I'm seeing a 200pt spike up on the DAX and large spikes up in the FTSE right now. Limit downs taken off futures it appears. When the market bounces and puts in a huge reversal after flushing out all the longs, be sure to come by and tell me I'm an idiot for calling this a market crash.
Listen to CNBC tell you that a 20% drop in less then a month isn't a crash and the US market isn't in a recession. Invest for the long term horizon, you may lose 20-100% of your account now, but just remember, is for the long haul,,,,because we all know the future will be better than it is now,,,,,,RIGHT?

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