Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
BCM
User Panel

Posted: 11/21/2012 5:58:43 AM EDT
I noticed over the last 5 years the market starts an uptrend around Thanksgiving.

Are you expecting the same this year or is the fiscal cliff going to kill it?
Link Posted: 11/21/2012 11:06:08 AM EDT
[#1]
It's kind of hard not to go up when you hit rock bottom and the fed pumps cash into the system.



Also, market tops are typically more volatile than bottoms.
Link Posted: 11/21/2012 5:12:11 PM EDT
[#2]
Quoted:
I noticed over the last 5 years the market starts an uptrend around Thanksgiving.

Are you expecting the same this year or is the fiscal cliff going to kill it?



All bets are off this year with the fiscal cliff.  Timing has nothing to do with it this time around.

If it gets resolved or delayed a year it'll be an instant rally.  If we go over, it'll be an instant bear market.

Rarely do we have a FUTURE market event that is so clearly defined.  Because of that fact, there are smart folks who will make millions on this, you can count on it.
Link Posted: 11/21/2012 7:41:57 PM EDT
[#3]
Black Friday will suggest what happens.  However, I don't expect it to go as well as it has before.  Holiday spending was not as good last year either.
 
Why?  Forty-seven plus million Americans are Free Sh*t Army EBT cardholders.  Unemployment is higher than the official goobmint figures.  It's over 20%.  There has been no economic recovery and everything we're seeing are multiple attempts to re-inflate the deflating bubbles.

Close Join Our Mail List to Stay Up To Date! Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.


By signing up you agree to our User Agreement. *Must have a registered ARFCOM account to win.
Top Top