Your post always frustrate me, thats probably because you are looking at this from the strict view point as a trader, inflows and outflows, while I look at this from economic fundamentals. With that said I take issue with this statement
“There are no fools rallies or genius declines, there is just ebb and flow in the marketplace”
The Dow going from 14000 to 7800 is a pretty big ebb. You call it an ebb I call it a crash. I think the real story here on Piggington and other housing bubble blogs is that over the past two to three years these sites simply stated that housing prices had become too inflated due to unprecedented lax lending standards, and that the inevitable popping of this housing/credit bubble would have negative consequences for the economy and equities. In that context we were dead on correct. There is more than one market here. Basically what we saw throughout 2007 when the Dow was soaring over 14000 was the Bond market telling the Stock market those valuations are dead wrong. Many here on Piggington were pointing out the same thing. Now we have a stock market pricing in the actual fundamentals of the credit markets and the economy. That did happen through a process of ebbs and flows, but the big money has been made with the ebbs.
“but the constant buy, sell no wait a minute I said sell, buy, oops hang on, no it is a buy is very counterproductive.’
You call it counterproductive I just call it the market. That is the way any market looks at anytime. There is no one collective Piggington here, there is some fantastic dialogue about the state of the markets and which way they are going, I have seen countless post on here playing counter trend rallies. all in all if you look at the content and dialogue here and contrast that to Barrons, CNBC talking heads, etc you are far better off in here than you are with traditional MSM and established economist. JMHO.
