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Sucker's rally
- Thread starter detective
- Start date
Ahhh the ET rally
isnt the point to take a little bit of money out of the middle?
hi guys,
hopefully you will not object to a viewpoint from someone that no longer trades, stocks, options, etf, or any of those things. So my viewpoint is not biased as a bull or a bear and I don't think you should be either, especially for the foreseeable future.
I read as much as I can to stay abreast of what is happening, look @ some charts of the indices, etc...here is what I see;
there is definitely a problem with this financial "house of cards" and it will come down @ some time, but anyone that thinks this is going to happen before the '08 elections are behind us needs to really step back and see what is happening.
look @ a chart of the SPX, it is just fornicating in a range and will most likely continue. the banking industry is going to continue to plug the leaks in their dam to keep it intact as long as possible. the investment banks are going to do whatever is necessary including getting bailouts from offshore. the government will help keep this afloat by any means available....BUT only until the new crew comes into the whitehouse
Until then it is the same ole same ole, so why not just take advantage of a known situation and trade it and make yourself some more cash. Quit being a Bear or a Bull...just be a TRADER!
hopefully you will not object to a viewpoint from someone that no longer trades, stocks, options, etf, or any of those things. So my viewpoint is not biased as a bull or a bear and I don't think you should be either, especially for the foreseeable future.
I read as much as I can to stay abreast of what is happening, look @ some charts of the indices, etc...here is what I see;
there is definitely a problem with this financial "house of cards" and it will come down @ some time, but anyone that thinks this is going to happen before the '08 elections are behind us needs to really step back and see what is happening.
look @ a chart of the SPX, it is just fornicating in a range and will most likely continue. the banking industry is going to continue to plug the leaks in their dam to keep it intact as long as possible. the investment banks are going to do whatever is necessary including getting bailouts from offshore. the government will help keep this afloat by any means available....BUT only until the new crew comes into the whitehouse
Until then it is the same ole same ole, so why not just take advantage of a known situation and trade it and make yourself some more cash. Quit being a Bear or a Bull...just be a TRADER!