Stock market collapse in October

[AlfredJPruffock]

And what does conventional wisdom say? Green shoots! We're in a recovery! Just switch on CNBC and see for yourself.

'Conventional wisdom' as stated by CUK posters - ie this thread - last month it was the ludicrous notion that the USA was to collapse in September.

As Richard Branson correctly stated in Jan the recovery started last December so CNBC is still behind - but CUK is even further behind.

And I dont watch CNBC.

And I dont visit here as much as I used to.

Coincidence ?

[sasguru]

As Richard Branson correctly stated in Jan the recovery started last December so CNBC is still behind - but CUK is even further behind.

?

Most companies are not in the prime of health right now, in whatever way you measure them.
So what's driving this illogical and irrational boom in the markets?
I can only conclude its QE money from the banks.

But something must give - and I can't tell what that is. We really are in uncharted territory here.

[suityou01]

'Conventional wisdom' as stated by CUK posters - ie this thread - last month it was the ludicrous notion that the USA was to collapse in September.

As Richard Branson correctly stated in Jan the recovery started last December so CNBC is still behind - but CUK is even further behind.

And I dont watch CNBC.

And I dont visit here as much as I used to.

Coincidence ?

The US is collapsing, as is the dollar. Timescales were a little impatient, but it's happening.

[sasguru]

I think it is highly indicative that the Dow is approaching 10000 - a figure only previously reached AFAIK in 1999 and 2007/8(?) i.e. at the peak of some very frothy booms.

[Diestl]

The US is collapsing, as is the dollar. Timescales were a little impatient, but it's happening.

Yeah its all over the news. Which wacko websites do you read?

[DimPrawn]

Can people stop worrying. It's only pretend money.

http://www.youtube.com/watch?v=DdF76QhVEFE

[sasguru]

Can people stop worrying. It's only pretend money.

http://www.youtube.com/watch?v=DdF76QhVEFE

I'm not worried. I've hedged both ways.

[suityou01]

Yeah its all over the news. Which wacko websites do you read?

Bloomberg, FT, CNBC, FOX

and of course

Prisonplanet.com

[DimPrawn]

I'm not worried. I've hedged both ways.

So you win as long as it goes up or down, you only lose if it stays the same?

[suityou01]

So you win as long as it goes up or down, you only lose if it stays the same?

No he'll prolly have long and short straddle positions.

HTH