Posted:
#1
when was the last day the market went down and the professionals called it "profit taking?" 2008 maybe? i think this market is way overbought.
market top?
Views: 189
Posts: 2
Posted:
#2
Well it is being manipulated, so keep that in mind.
Of course it is over extended..I think it is probably over valued to the tune of 20-30%.
Many stocks are selling at multi and all time highs, given what we are in the middle of economically that makes no sense.
The deck is stacked though..with rates near zero, banks can leverage their way to easy profits and the futures buying patterns every single day show that they wont let it drop much if at all.
Of course it is over extended..I think it is probably over valued to the tune of 20-30%.
Many stocks are selling at multi and all time highs, given what we are in the middle of economically that makes no sense.
The deck is stacked though..with rates near zero, banks can leverage their way to easy profits and the futures buying patterns every single day show that they wont let it drop much if at all.
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