@scott, no apology for the post, my tracking system started to pop up some 52-weeks low alert after 6-month's silence. It will be a good time for true value investors.
Today's drop may just be the start of a larger decline.
I think the market is still giving too much credit to the last round of banking bailouts. Soon, when that becomes apparent, I expect larger pull-backs. And when the China slowdown works its way through the rest of the system...watch out. And on that uplifting note,
I agree tokyogai, election years' tend to affect the market more than usual, or is it that people pay more attention to the market in an eleciton year?
But if that $10 bet is leveraged 25-to-1, I can lose $250 and have my entire net worth wiped out overnight.
@Scott, true 25-to-1 is very very risky. Earlier I used to do lot of leveraged trade in currencies and commodities. I thought it was the best way to make some quick bucks, but eventually I lost heavily and stopped leveraged trade completely.
@tokyogai, Is there any end to economic stimulus ? Do you think government will continue pumping in money and keeping the stock markets artifically higher ? Is there any end to it ?
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