traders doubting the rally the entire way up. Myself was one of
them. I have determined not to do that this time and I kick myself
for going to cash last week. Now the trick is to get back in!!
This guy called the summer crash, the fall melt-up and now he is
calling for a 40% yearly gain for the SPX. His thesis is that
we have similar elements present that we did in early January as we
did coming off major bottoms of the last 3 years. When the
moderator on CNBC pointed out that those high % gains were due to
big sell-offs preceeding it, Gayed thinks that the sell-off in
europe and financials will be a similar deal -- ie. lots of money
will flow back into the market after the europe situation fades
into the distance. Edit: when I went to Marketwatch to see if
he published something new, he was in the majority expecting a
correction today.
This feels so much like 2009. So many technical
Posted by tomW1 on 13th of Mar 2012 at 05:37 pm
traders doubting the rally the entire way up. Myself was one of them. I have determined not to do that this time and I kick myself for going to cash last week. Now the trick is to get back in!!
Gayed on marketwatch.com
Posted by kalinm on 13th of Mar 2012 at 05:47 pm
This guy called the summer crash, the fall melt-up and now he is calling for a 40% yearly gain for the SPX. His thesis is that we have similar elements present that we did in early January as we did coming off major bottoms of the last 3 years. When the moderator on CNBC pointed out that those high % gains were due to big sell-offs preceeding it, Gayed thinks that the sell-off in europe and financials will be a similar deal -- ie. lots of money will flow back into the market after the europe situation fades into the distance. Edit: when I went to Marketwatch to see if he published something new, he was in the majority expecting a correction today.
all too bullish man, i'm
Posted by Palladin on 13th of Mar 2012 at 07:00 pm
all too bullish man, i'm going short!
and tomw1, you are slipping into the chasing mode IMHO