Quote from john12:
It is different this time. It's free money and anyone not playing the long game is fool. I don't think anything outside a nuke can stop this .bad earn ings or good earnings it matters little. oil skied and then fell it didn't matter. rates just skied we didn't miss a beat. if thats the case why fight it. look at yellow freight. it was $40 2 months ago warned and dropped to $37. before its warnings its est's for 2007 were $5.60. yesterday it beat its reduced est's and said they'd now earn $5 vs the $4.70 there earnings were lowered to but way below the $5.60 of just 2 months ago when the stock was $40. IT CLOSED YESTERDAY AH NEAR $48 WITH 2007 EARNINGS THAT WILL STILL BE 60 CENTS LOWER THAN 2 MONTHS AGO WHEN THE STOCK WAS $40. if its that easy why fight it?i've been printing coin the last few months
Have you even considered the possibility that you might be the last one holding the bag?
Going long in a rampant bull market is not skill - the skill comes when it turns!