I'm not usually this brave...but here's MY "you
heard it here first" tribute to
Sometime soon it will be discovered that Generalissimo
Francisco Franco of Spain is -- yes -- STILL
And I didn't use a single chart.
I haven't been accused of being stupid..... sure.
I have seen so many stupid statements here from the
"Buy and Die Gang" that I can't contain myself,
especially when I read some of your attacks on my comments.
Not calling you stupid but your attacks on my
comments sure are.
Duuuuh, you're the brains, I'm
the brawn....a huh.
You guys are so stupid that you probably go on
trips and don't even bring a map. Welllll, that's what
You're saying that you haven't a
clue where the market's going so you'll just keep
blindly plowing ahead and that that is the only way to
invest and if you think otherwise then there's something
wrong with your cranium.
How much are you guys
getting paid to pump this crap
The market's only going to go up and there's no
chance of there being any sort of correction so don't be
Don't pay any heed to anybody that says it's going to
rain because they're just a chicken
Waiter!!!! I want what ever it is they're drinking as it'll
make me forget my
Oh, don't forget to forget your raincoat because
you'll never need
Looked up the word "Stupid" in the dictionary and found
the words, "See the "Buy and Die
Tech Wrecks only happen in your
AnD you accuse me of being
I think it's fairly obvious that there is a
growing bear population at the moment, but the bulls
still clearly rule the market. Earnings are too strong
(LU being an exception) and there is just too much
money coming into the market on a daily basis (401k
money, etc) to expect a sustained 12-15 week correction
in today's market. I think another 10-15% correction
is inevitable, largely because the NAZ recovered
from it's correction much too quickly. Made it more of
a dip than a healthy correction. It will take a
dramatic event to see the trend turn downward though (i.e.
another world economic crisis, interest rate hike higher
than 50 basis points, etc.).
IMHO, I think the
NAZ should experience a correction down to about
3000-3200, and that should about do it. That is a MASSIVE
correction though. What made me start to think about it was
as I cashed out of some of my holdings, I couldn't
find much of anything in the tech sector that I felt
was an adequate midterm investment. Banks sure look
great though :-)
Good luck to all. JMHO