Is the bear over?
- Thread starter Cutten
- Start date
No matter what the poll will show-sentiment is too bullish for a meaningful rally. Loads of people are stuck long and I must of heard 10 times today of how we can "rally 10% from here." We can rally 10% off of 1145 too....
The bear market is going to continue atleast till there is an end in sight to falling home prices and the mortgage mess and financial co's writeoffs are near an end, along with the economy turning around......till then the bear roars on.
Quote from ksonsinc:
i am fuckd
i loaded a lot of financial thinking the worst is over
Mer @ 33
LEh @ 20
C @20
etfc @ 3.50
And look at them just go down I mean WTF ( Today )
MER @ 24
LEH @ 16
c @ 17.50
ETFC @ 2.79
I mean WTF
I own 100 Shares each
You got suckered by the big banks short covering.
Are you performing any technical analysis on your trades? $20 for C was clearly too high. Are these long term trades (buy and hold)? Also, who is to say that you have to pick the ultimate bottom.
Until we see what happens with student loans this semester, I really see no point in stocking up long term on financials.
yep
