Many market participants have discussed the similarily between mid-to-late 2008 and today. Both the technicals AND the fundamentals are remarkably similar. A run on banks, massive inflows into oil, etc.
OH SHIT. ZERO HEDGE JUST PUT OUT THE SAME COMMENTARY.
Never mind…
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Scott,
I absolutely enjoy reading all you have to write. Continue being the lone wolf.
Gary
perfect scott !…., check out fxcm’s review by Jamie on the RARE FX MRK GAP DOWN THAT OCCURED,
Is the Stock Market on the Verge of Collapsing?
http://www.dailyfx.com/forex/video/technical_analysis/2011/11/15/Is_the_Stock_Market_on_the_Verge_of_Collapsing.html
Thanks for linkIn jp.
FXCM has held Exposés before 2010 FlashCrash and gold recent 9.11.”11″ high-crash (not to mention world wide Fx gap action).
Merci.
If I knew better, w/more conviction, I’d remove the bums at WS and DC.
Scott,
I’ve noticed that the frequency of your posts have dropped on IBC. Are you more active on your own site or is this just due to the current state of ther market?
This is not a dig – i enjoy reading your stuff, just dont seem to see as much of it around here anymore…
Of course I’m here! The overall market is giving us nothing and is in “Sit & Spin Mode”.
We are, though, doing individual stocks during my morning show. 2 for 3 over the past week or so…
Scott, refreshing as always. It is difficult being the contrarian in the room. Respect your conviction and the stones to put it out there for everyone to see. Keep up the commentary, I need a voice of reason.
“OH SHIT. ZERO HEDGE JUST PUT OUT THE SAME COMMENTARY.”
then this theory is invalidated.
I think that’s what he meant by “never mind…” …
Love your posts, Scott.
Has zerohedge ever been bullish? They have to be right every now and then.
We just had a big drop in the market. We are due for a Scott Bleier end-of-the-world post. I don’t think QE gains have been fully erased yet! (And of course I say this almost completely long, but I’m actually not kidding, I enjoy your commentary especially after big red drops).