The Dow is where I called it to bottom at.
Posted 19 February 2009 - 05:22 PM
I think Zod had an thread before the Huddle's own crash to call the bottom.
I think we are at or near the bottom for the DOW. Not saying the economy but the Dow. Big distinction.
Nice time for a rally for the rest of Feb and early March. :hat:
*Also, read an intresting article in Esquire last night on this subject and finally someone articulated what I have been trying to say in terms of the gloom and doom and so called experts and economists.
He called it recency bias.
Upon reading Krugman's work, one is hardly so surprised by the current economic crisis. But if this crisis was so foreseeable, how come so few people foresaw it?
These contracts are one manifestation of a phenomenon known as recency bias — the tendency to place too much weight on recent events. Think of the gambler who doubles her bet at the blackjack table because she's won her past couple of hands — her odds haven't changed any, but her perception of them has. FINALLY. Yes to what I have thought.
Posted 19 February 2009 - 06:25 PM
Posted 19 February 2009 - 10:03 PM
Posted 19 February 2009 - 11:34 PM
Gold has blown up lately. Oil steadily climbing.
Tons of money flowing OUT of treasuries. Hmm.
Me thinks the DOW is at 8500 before the Final 4. Might be too ambitious though.
Posted 20 February 2009 - 11:11 AM
Posted 20 February 2009 - 12:02 PM
Its all in the belly of my piggy bank.