Them Is some moves by the market.....
I was tempted to throw more money at this market..... But....... To be honest this market scares the crap out of me......... I had some thoughts about how these up moves are making the market not "Oversold"....
I also have some ideas that some of this money is "Institutional" money coming in..... Finaly.
These moves are so hot, it's just .... Better to be conservative, ....
Opps Just missed out.........
Always remember, always another trade another day.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, January 2, 2008
Wow!!!
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5 comments:
One thing that leads me to believe we have yet to see the worst, is that lots of analysts on CNBC, etc, are still upbeat on the economy and recommending now is the time to get back into homebuilders and financials.
I just don't understand the denial.
My new thing about CNBC;
is that Everything Declining fast, seems to be a "buy now" situation, and
everything going up seems to be a "Bubble" situation, So basicly, buy everything declining, and sell everything moving up.
They are so smart.
I also love that the decoupling story is only told when it helps us, and it's never mentioned that if we do decouple, commodities go to the moon.
Future lower... seems we are having a lower opening.
My thinking is short term we have an oversold situation and should have a dead cat bounce ...before further tumble
I won't be surprise we will drop further woth Nov low
What's your thought?
One more point, don't you notice that the so call "more rate call" become more ineffective as an excuse to boost the market?
Remember Nov when we come across the ugly data and we have use the excuse that Fed will have a larger cut in Fed rate and somehow this is not working today though Wall street Journal & Bloomberg mentioned a larger rate cut is possible.
Everyone is nervous on whether we are heading to reccession.
Nice, melissa you get a gold star today.
Do I get one if we end the day in the 1430's...
I don't think we will confirm a lower low today....on the S&P
I.E. we won't make 1435.
but this is a clean 4th wave.
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