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The new Stock Market Trading Signal: Racing the Great Depression

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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 10:06 AM
Original message
The new Stock Market Trading Signal: Racing the Great Depression
As of yesterday the sock market sell-off was worse, day-by-day, than the great depression bear market. Today we get a nice up day.

We have surpassed the great depression line a few times recently but each time pulled back above it with short-term rallies.

Since all the traders are flummoxed looking for signals that work in this market, might as well add the "racing the great depression" metric to the mix. It's silly but has a better track record than things like the 200 day moving average and traditional "over-sold" measures. (As the joke on the NYSE floor went last week, "The market hasn't been this over-sold since tomorrow."

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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 10:07 AM
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1. Sounds like the premise for the movie, Twister.
Chasing tornadoes for the thrill of it under the guise of professional interest.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 10:07 AM
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2. Delete. Dupe.
Edited on Tue Mar-10-09 10:07 AM by no_hypocrisy
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Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 10:09 AM
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3. Send this to Hannity
He claimed that this isn't the worst crisis since the depression and Obama is lying.
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 10:18 AM
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4. They're going to have to give this crash a name soon
Because "Current Bear" isn't going to work after the recovery.
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