Re-Testing old lows...back to Nov 24th...new target is 650 for the S&P

[Ivanovich]

Quote from stock_trad3r:

My 2 cents: buy this dip, lots of support

You'd have had us buying 500 points ago. Hell, if we count last year, then you'd have us buying around 5000 points ago.

 

[stock_trad3r]

Stocks are substancially mispriced now. This is a long recession since it is 13 months old, but a very shallow one in terms of unemployment, productivity, wages, and consumer spending. The dow should be at 13,000 at least, and sp00z at 1,400.
That would be reasonable.

 

[Ivanovich]

Well, unfortunately for you, the market doesn't give a damn what you think is reasonable - leaving me to speculate that you are the one with an unreasonable mindset (especially since almost everyone disagrees with you - including the market).

 

[stock_trad3r]

Quote from Ivanovich:

Well, unfortunately for you, the market doesn't give a damn what you think is reasonable

or what he thinks

http://www.philly.com/philly/blogs/inq-phillydeals/Whartons_Jeremy_Siegel_Stocks_poised_to_rise.html

 

[AMT4SWA]

Quote from AMT4SWA:

Stocktrad3r....I have a free gift for you!!!!


Let me know where to send it FedEx overnight by PM!!!


It is a very good quality T-Shirt (Hanes Beefy T) that has print on the front that says............"Stay SHORT and Stay OFTEN!!!"

T-Shirt Time!!!

I Stayed SHORT and I Stayed OFTEN and it worked again with another support level busted! :eek:

 

[MaxxHeatt]

Quote from stock_trad3r:

or what he thinks

http://www.philly.com/philly/blogs/inq-phillydeals/Whartons_Jeremy_Siegel_Stocks_poised_to_rise.html

You're correct, the market doesn't give a damn what he thinks either.

 

[Ivanovich]

Quote from stock_trad3r:

or what he thinks

http://www.philly.com/philly/blogs/inq-phillydeals/Whartons_Jeremy_Siegel_Stocks_poised_to_rise.html

If I searched hard enough on the internet, I could probably find someone who thinks that Bush is an alien from Mars. That doesn't make it a correct analysis.

 

[stock_trad3r]

from Seeking Alpha

http://seekingalpha.com/article/114...fidence-good-news-from-contrarian-perspective

There is still a lot of bullish sentiment on the blogosphere, but a lot of bearishness on forum for some reason.

 

[nonlinear5]

Quote from stock_trad3r:

or what he thinks

http://www.philly.com/philly/blogs/inq-phillydeals/Whartons_Jeremy_Siegel_Stocks_poised_to_rise.html

This article is from September 12, 2008, entitled "Stocks poised to rise". That happened to be one of the best times to sell, as since the publication, stocks dropped by some 40%. So, I don't understand why you would ever reference this article to make your case. I mean, doesn't it tell you anything about the credibility of the author's theory?

 

[stock_trad3r]

Quote from nonlinear5:

This article is from September 12, 2008, entitled "Stocks poised to rise". That happened to be one of the best times to sell, as since the publication, stocks dropped by some 40%. So, I don't understand why you would ever reference this article to make your case. I mean, doesn't it tell you anything about the credibility of the author's theory?

Because even the experts got this one wrong. The sudden drop in the first week of october was unexpected and unpresedented.

This is still the greatest recession that never was. Stocks should be much higher.