Can you believe some doomsayers? They expected worst to come but markets are booming?
What went wrong with doom sayers this time?
Answers
123 points
paulrubillo answered 5 months ago …
Market pundits can sometimes tend to overstay their welcome on both the bull and the bear side. Plus, the media is always looking for guests that make outrageous claims, so these media darlings are usually in big demand, long after their initial calls may have already seen the bulk of the move.
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104 points
grazertrader answered 5 months ago …
Our country has been through bad times before. Unless Obama totally destroys the free market system, it will come back. However, we could still see worse time in the near future before the true rebound.
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2183 points
ChaosNantuko answered 5 months ago …
Weather or not there is worse to come is dependent on future earnings, not what the market has done in the last 3 months. We haven't had any major bear market rallies in this bear market, and ALL bear markets have their bear market rallies. I wouldn't be too sure the markets will continue booming from here on.
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362 points
smi answered 5 months ago …
Thier sayings are right. Even I expected the worst to come. But I told you before the economy will first improve to such an extent that every1 feels the recession is almost over and thenthe markett will collide.
After this collision the economy will see its peak.
4075 points
EthanR answered 5 months ago …
Don't get suckered in by this recent rally. It is very long in the tooth. it is easy to have a large bounce when the market was down so much, but now that the bounce has come, what will propel stocks higher from here? The reports are pretty lousy, but the media spins them positively. People will only be fooled for so long. Rising oil prices and interest rates will crush any chance for a recovery.
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