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Warren Resources, Inc. Message Board

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  • palmoscopy palmoscopy Dec 29, 2010 9:31 PM Flag

    almost 22 months into this market rally

    More up to come in the markets if the economy begins to show a sign of recovery. Sideways trading for a few months if there are opposing opinions as to whether or not there is improvement or not. I have not seen news mentioning that the market is overvalued. I notice emerging markets besides China heating up like Japan and Brazil. My guess is a 10 to 15 percent rise in the major indexes before Summer 2011 and then maybe a flat market for the remainder of the calendar year while the macro catches its breath.

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    • Holding WRES through the market's short-term sideways movement/consolidation for that long-term return continues to be the prevailing theme. The market lacks breadth as funds focus on their winners and the rest wallow around. In the short-term, I'm holding my positions and preparing for the January Effect as a lack of selling pressure at the end of this year leads me to believe a correction is due heading into 2011. I may trim my holdings or add as dictated by market behavior and timing (or lack of). My only major concern for 2011 is a possible crisis of state finance as federal stimulus expires at mid-year. I feel it will be a big deal and we'll be subjected to endless commentary of the double-dip recession from the news sources; however, I believe the Fed will handle the situation by printing and throwing money at the problem such as the banking crisis of 2008. Pattern recognition? The end result will devalue the dollar and promote inflation, which are a bonus to exports. The commodity trade should continue to be strong in 2011, so holding WRES still makes sense.

0.134+0.001(+0.75%)May 27 4:00 PMEDT