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Market is overbought
- Thread starter vince111
- Start date
This market will not fall over the short or intermediate term. The fed will do ANYTHING to ensure that.
And it's a schizo market, too. There really are some incredibly cheap stocks, while some are incredibly overvalued.
It's a stock pickers market par excellence.
If I'm right about crude and gasoline, ALJ and WNR are so cheap that it's silly. Same thing with IPSU and Q.
And it's a schizo market, too. There really are some incredibly cheap stocks, while some are incredibly overvalued.
It's a stock pickers market par excellence.
If I'm right about crude and gasoline, ALJ and WNR are so cheap that it's silly. Same thing with IPSU and Q.
Quote from ByLoSellHi:
This market will not fall over the short or intermediate term. The fed will do ANYTHING to ensure that.
And it's a schizo market, too. There really are some incredibly cheap stocks, while some are incredibly overvalued.
It's a stock pickers market par excellence.
If I'm right about crude and gasoline, ALJ and WNR are so cheap that it's silly. Same thing with IPSU and Q.
what does (Q)west have to do with Oil?
The markets were completely overbought in the middle to late 2007 and yet everyone thought they were going higher, didnt happen, when that kind of mentality sets in its time to take some profits off. My friend who had not invested in this market since 2001 put money into the market on October 9th 2007, I told him to wait, but he didnt, fast foward to today and hes down around 10%. He is a buy and hold person, not a trader. Many think the markets are headed alot higher, most likely going to break out again and head to new highs, could that happen, Im sure it could, but im still on the bearish side.
Good thing he didn't sell out February. And weren't you the ultrabear around then?Quote from S2007S:
The markets were completely overbought in the middle to late 2007 and yet everyone thought they were going higher, didnt happen, when that kind of mentality sets in its time to take some profits off. My friend who had not invested in this market since 2001 put money into the market on October 9th 2007, I told him to wait, but he didnt, fast foward to today and hes down around 10%. He is a buy and hold person, not a trader. Many think the markets are headed alot higher, most likely going to break out again and head to new highs, could that happen, Im sure it could, but im still on the bearish side.
Dude, I have been jipped. I did not get free heroine, where do I go?? Can you spot me some??
Quote from S2007S:
He is a buy and hold person, not a trader. Many think the markets are headed alot higher, most likely going to break out again and head to new highs, could that happen, Im sure it could, but im still on the bearish side.
You must not be much of a TRADER either since you have sat on the sidelines whining and crying about how BEARISH everything is . . . and just watched the QQQQ rally 20% since the March lows!
:eek:
Quote from Landis82:
You must not be much of a TRADER either since you have sat on the sidelines whining and crying about how BEARISH everything is . . . and just watched the QQQQ rally 20% since the March lows!
:eek:
+1
I am still perplexed why "TRADERS" on this site get so pissed about up markets and long-term direction in general.