market is going to dump big time tomorrow. jobs number is going up not a good thing with retail sales right now. Foster might drift back down under $29. things really aren't better and i feel this market is going to explode to the downside first part of the year. start building a cash position. JMO!
Yes - you are pissing - I never said what happens day-to-day. Infrastructure is weak today as I said because the jobs report send money elsehwere. Volume is tiny today onFWLT - so any chart action is questionable until volume shows conviction in the move.
gess....that sxy guy is rt oin the money.....who would guess fwlt would go red wgen the dow is over 127 and announces a new contract with the united nations to clean albania....but it Did!!.... looks like next ill be just shorting foster ..opps mean milking it evry morning.....
I stand corrected. I'm starting to agree with you. For FWLT to be in the red on a day like this is not good. Just don't get it. Think I'm going to move my long position and I guess start shorting Foster. Thought I would never say that. Today's action has tip me that way.
Since March every call for a major pullback has been wrong. Jobs number tomorrow is expected to be bad (in that it stays at 10.2% unemployment). With money remaining historically cheap - a dip tomorrow can be viewed as a buying opportunity for a stock like FWLT that is not dependent on U.S. jobs solely. The market is now a little higher than it was after the Lehman collapse - but I would argue the next 12 months will be better than the 12 months following the Lehman collapse. Since market should be priced on future earnings - that does not signal a major pullback.
Funny you should say that b/c I tend to feel the same way. I am trying to build cash but I'm not going to go crazy doing. I am going to shave about 10% and not put new money to work for a bit. However, I'm not going nuts trying to build cash because I am very comfortable with most of my positions and I don't want to gamble on the possible downturn and then have it not come and the market move up another 8% without me heavily in it. I try to remember the motto 'bull market's are built on a Wall of worry' and the best time to 'get out is when people are getting greedy'. In my oppinion we are in the first part of the saying and are not even close to the second....in fact, I wouldn't be to surprised if we stay sideways, as a market, for the next year or two while confidence is restored.
I just realized...I guess it is only fair to add that I typically always try to have at least 10% of my portfolio in cash so if I shave 10% more that would put me at around 20%. This to me is comfortable no matter what happens to the market.