Weekly Poll: After Brief Excitement Will We Go Back to Boring?
- Thread starter shortie
- Start date
I never said I was bullish. I trade. I'm not bullish or bearish.
Isn't your response to the news question a sarcastic one, and consequently your post below is also sarcastic--- which makes it bullish?
Quote from Maverick74:
Gee, indices are up 2% across the board and your models are telling you the upside from here is limited. LOL. I think you are right. No way will we be up more then say 10% today. Definitely a limit on how high we can go today. My model is saying the same thing.
It was sarcastic but not because I was bullish but because his statement was retarded. When people say stupid things on here, I get a chuckle and I have a tendency to comment. Bad habit I know. But I do it none the less. His comment was not a value add.
Guys: Notice the above statement. You might have read it a lot, on the net, in books, or heard it from different mouths.
I do not believe the statement is correct, because if one is to trade one has to buy or sell first. If you buy first, you are bullish. If you sell first you are bearish.
There is also a similar argument (but not quite the same) that can be made at the exit of a position.
The question about the news was not meant to know, but to ascertain whether you were sarcastic or not in the previous post.
Spare me please. I'm a market neutral spreader. A concept that I'm sure escapes you. I bet you would take one look at my book and not have a clue as to where I want the market to go. TJ, go back to your homework. You have some work to do.
I'm still bullish ( for now ) and had my best week since 2009. Yes, this week. Sector selection and equity selection are far more important then all this bullish/bearish chat. Try to think outside of the box and stop looking for simplistic trades.
Quote from Petsamo:
We might gap up Monday. FXI (China) & INP (India) finished well.
Hope so I kept some of my aggressive positions on I still think the markets want to test 1400 on the S&P 500 by April ( as I posted in the past ). At that point the longs get less attractive depending on exact curcumstances.
My opinion with all the tremendous news out of the US and Canada that the only obstacle is the Oil price. If we drop below $100 we will go up. If we go over $110 well I expect choppiness and more risk staying long. In some ways, having the give and take is healthy for a bull market and probably a safer play then if we were rising or dropping very quickly.
I think beginning Monday that Gold may start another short term run towards the $1500 level. Failing that, anything over $1400 and major Gold stocks are undervalued at these prices. My favorite more recent plays are ABX and G, I think they have some catch up to do ( to junior golds, oils ) and are finally getting analyst attention. Of course, they have let me down in the past so we'll see. I think these stocks have no correlation with stock indexes which is a good thing.
ps I'm still long Canadian banks and have been for months.