Board members...I am not sure if this is a market snap-back or the 'Mid-Summer Rally'...however, this has been a very typical investment year...first, we had a nice Santa Clause rally (right after Xmas)...second, the rally continued through January....third, the markets continued to do what it did in January ("So goes January, so goes the year")...fourth, we had a market pull-back after May ("Sell in may and go away")...
The next market trend is the 'Mid-Summer Rally' (is this it or just a market snap-back,???)...if this is the Mid-Summer Rally, the next market trend may be a "Bloody October" and it 'can start' in late July or August (and end in early November)...the fact is, that low or no yield stocks have been taking 'the same beat down' that the high yield stocks have...most of the time Mid-Summer Rallies are 'short and sweet' (just couple of weeks)...! $tagg...!
Good morning to you all
this is one upside down market--very hard to make projections and prognastations. I believe that what
did work in the past may not work now.
I have been saying the banks are where we got to be.--NYCB, MS, HBAN, VLY KEY, etc.
I feel that politics has been messing with the market for 5 years now and BB is leaving the Fed Reserve Bank very soon. All I can say is Stagg we are in uncharted waters adn that is mystory and I will stick to it,
Reminds me of a chopper ride that set us down in Cambodia and our maps did NOT match the location we were at --we had no idea ware we were, we were lost , darn it (scary)! After 4 days, we had followed a river we made radio contact and got out of a night mare, I kinda fell we got us a night mare now!
Mark please keep posting as I love your comments --And thank you all for your messages--I learn all the time
I agree, I would not draw any long term conclusions on this market...
Too many outside forces. Too much fear and uncertainty.
There will be /are good opportunities that come up, but you need to watch for them.
I snagged some FSC at $9.80 Monday. I may buy some more TC if the price falls a bit more to $2.50. SWC, if you want to speculate on global recovery, is looking interesting if it slides much under $10.
Stagg, I don't agree. There are too many cooks stirring the pot to rely on seasonal expectations. The cooks include: Bernanke, the Chinese economy, the US economy, the Euro economy, the BRIC economy, Obama's anti business leanings(Obamacare, war on coal, Keystone pipeline etc) then there's always the middle East (Iran's nuclear threat to Israel hasn't been decided yet) and probably more that we're not even aware of. We need to take this market on a day by day basis.
jersey & dragon...there has 'always been too may crooks stirring the pot' (that is not new), yet the markets has always had it trends...this has been 'a typical year so far', are you guys also saying that we will not have a 'Bloody October' (???)....fact is, that a market snap-back is usually 'a one day even' and a market rally last longer....! $tagg...!