The S&P 500 cant bottom yet

[NY_HOOD]

The only way the s&p can bottom is when apple, nvidea, google, microsoft, and a whole host of semi conductors bottom. Looking at the charts, they are not there yet.
We may see a sharp bounce but the next free fall will be earnings guidence or the lack of.
As i said, when apple or nvidea were 50 points lower than yesterday, their earnings were higher as was their earnings projections than what their present and future earnings will be. That tells me they go much lower.
Not to mention, investors are preserving cash like its going out of style.
We had a huge drop but what was the true drop considering stocks were way over valued and the averages were extremely stretched.

 

[trend2009]

their earnings were higher as was their earnings projections than what their present and future earnings will be. That tells me they go much lower.

what does this sentence mean?

 

[NY_HOOD]

It means their earnings and their earnings projections were much higher when their stock prices were much lower than they are now.

 

[jharmon]

OP: Your grammar sucks balls. Come back when you have a clue.

 

[NY_HOOD]

My grammar does suck. Keep in mind, ebonics is my second language.

 

[southall]

OP: Your grammar sucks balls. Come back when you have a clue.

I had no problems understanding the points he was making.
I agree with the OP, i think NDX is going down to 5000 at least. Even 2500 wouldnt surprise me.

 

[FriskyCat]

I had no problems understanding the points he was making.
I agree with the OP, i think NDX is going down to 5000 at least. Even 2500 wouldnt surprise me.

It was just his passive-aggressive way of disagreeing with the substance of the post.

 

[NY_HOOD]

Thanks southall.
I agree with your prediction.
An important note. I think stocks will go to unfathamable levels, to prices investors never would of thought possible.

 

[kmiklas]

Here in New Jersey, the pollution has cleared; the air is clean! Never has the air been this crisp in my 30 years here. Wildlife is returning; I saw an eagle yesterday.

If this doesn't indicate a massive recessuion then I don't know what does.

 

[RainMaker3000]

The only way the s&p can bottom is when apple, nvidea, google, microsoft, and a whole host of semi conductors bottom. Looking at the charts, they are not there yet.
We may see a sharp bounce but the next free fall will be earnings guidence or the lack of.
As i said, when apple or nvidea were 50 points lower than yesterday, their earnings were higher as was their earnings projections than what their present and future earnings will be. That tells me they go much lower.
Not to mention, investors are preserving cash like its going out of style.
We had a huge drop but what was the true drop considering stocks were way over valued and the averages were extremely stretched.

AAPL has a long way down, I'm calling the bottom on the S & P @ 1,000