I was thinking this was the bottom too until I looked at about 100 stock charts after the close. Most of the leading stocks rallied on very low volume. That volume might increase in the next few days but I ain't buyin' it until I see some leaders going up on high volume. We should still looking for shorting opportunities.
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The bull Market is back and here is why
- Thread starter congoboy
- Start date
Most people still have no idea the situation we are in. I mean the general public
Don't do it. This is a typical bear market rally, we are in a trading range. This will continue until the next leg down, S&P 1170, then a few months back and forth with another retest, then upwards. This is not the time to buy and hold, you will be sorry.
Quote from johnnyseville:
Don't do it. This is a typical bear market rally, we are in a trading range. This will continue until the next leg down, S&P 1170, then a few months back and forth with another retest, then upwards. This is not the time to buy and hold, you will be sorry.
Lower lows and Lower highs...
no one believes its a bear market, maybe a few people here including myself believe this is a bear market that still has plenty of time to go.
This market will stay range bound for quite sometime, the next break is to the down side....
i think this rally might have a bit more legs then bear market should continue lead by banking stocks if meredith theory of tangible assets really happen or maybe gses will lead. if vix gets too high again I will get the hell out, who knows when the fed will announce they are buying mortgages or treasury will guarantee fannie mae
Quote from congoboy:
I am going all in. I have already opened several credit cards and got maximum cash out of them. that is about 25k. I also met a loan shark who was willing to levereage that cash 5:1 with a 45%interest rate. I put about 140k into an account and will lever it 4:1 from my broker. tomorrow I will open long positions and go all out. all equities should be worth over 540k tomorrow. If I am right, I will become rich, if I am wrong, I will perish. I strongly believe the market is still good.
1. Broad based indeces are down only 11% from highs. That does not qualify the market to be bearish. We move 3-4% on some days.
2. The fed is repeatedly doing everything it can to prevent disaster. Money is available cheap now and that is what companies want. They would jump on cheap cash to use for expansion.
3. I agree the market sentiment is bad right now considering BSC and all. But one company is nothing compared to the grand scheme of things.
4. Jobless claims should fall with more companies willing to do some more hiring.
5. Historically, stimulus packages have helped the economy, so will the checks we recieve in May.
6. People will also be borrowing money since it is cheap and start pumping the equity market. Foreigners will do that too.
7. Companies have stabilized in the past 40-50days since those Jan lows. It just refuses to fall.
8. Stocks never shoot up in a straight line. There is always some sort of a correction. This is nothing but a mere corrections. thats exactly what it is, 10-15% correction.
9. Oil prices will come crashing down. I expect somewhere in the range of 60-70. How soon? I dont know. But within a few months perhaps. The current rising prices are not sustianable by the middle and lower middle class(majority of this country). The prices right now are too inflated and geopolitical conditions with Ven. shoudl get better. But if Obama or Hillary wins and pull out of Iraq, there could be some problem as America is in Iraq solely for the oil.
10. Because congoboy said so.
If I am wrong, I will go back to mbotukinshasa or wtv the fuck it is. If I am right, well, if I am some people I know will be very impressed with my abilities and would want me to manage their money.
you are analysis is not correct.
I didn't even read it, and I don't need to.
if it were correct, you wouldn't need to play russian roulette with it.