I think there is a good possibility that we may have bottomed.
Reason- the financials testing 2009 lows and most of the rest
of the market testing 2010 lows. On the other hand, I cannot
see a lot of upside potential in this environment. Therefore, I am
not willing to put my 3 month money (money that I am unable
to move as I wish) anywhere except cash. We still need
clarity and it's not there. In the mean time, with money I
can easily manipulate, I am playing heavily in the direction that
the market is moving. When it changes so will I.
we are going lower... while they are BUYING!!
Best method.. do the opposite of the IDIOTS on CNBC
and BLoomberg. Did you guys notice the NEW GANG OF 6
DOOM AND GLOOM today??
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OK. You asked.
Seriously what do u guys think
Posted by johnc on 27th of Oct 2011 at 01:54 pm
I think there is a good possibility that we may have bottomed. Reason- the financials testing 2009 lows and most of the rest of the market testing 2010 lows. On the other hand, I cannot see a lot of upside potential in this environment. Therefore, I am not willing to put my 3 month money (money that I am unable to move as I wish) anywhere except cash. We still need clarity and it's not there. In the mean time, with money I can easily manipulate, I am playing heavily in the direction that the market is moving. When it changes so will I.
Without questioning equity strength today, one warning sign on the EU deal
Posted by lessarda on 27th of Oct 2011 at 01:58 pm
is that the credit spreads of the PIIGS & France haven't come in all that much.
another way you know you bottomed.. it that every IDIOT on CNBC says
Posted by zach06 on 27th of Oct 2011 at 01:57 pm
we are going lower... while they are BUYING!! Best method.. do the opposite of the IDIOTS on CNBC and BLoomberg. Did you guys notice the NEW GANG OF 6 DOOM AND GLOOM today??