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SPDR S&P 500 Message Board

  • idcca102 idcca102 Mar 1, 2013 1:31 PM Flag

    MASS MEDIA HYPED THE SEVERITY OF THE LAST 6 YEARS CRISIS TO MAKE IT SEEM WORSE THAN IT REALLY WAS.

    i'm starting to realize that this is what happened. therefore the stock market crash in 2009 did not equal the true severity of the financial crisis. maybe the dow should have only plunged to 12000 and there fore that's why today at 14000 when we all think it's overbought, it really isn't overbought at all. maybe it needs to be at 17000 before it's overbought on the reality of today's economic health. companies are rich with cash, housing in most decent cities is still very expensive, new luxury cars everywhere, planes are all full, restaurants are full everywhere, everyones got a couple expensive apple products, etc.

    maybe the reason we all think this market is overbought is because it's risen 8000 points from the lows of 2009. well like i said, maybe the crash in 2009 and fear was way overdone due to modern day media which everyone hears. so without that modern day "everyone is connected", the market may only have dropped 2000 points? then a recovery 4 years later to 14000 doesn't seem such a big deal nor overbought situation.

    thoughts?

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