I see this market only falling off a little.......the naysayers are out in full force and now their is talk of bonds being the better bet than stocks and that the old thought of investing in equities is outdated......that is a contrarian sign if I ever saw one. Obama is loaded with 85%+ of the stimulus to use. China is throwing money in hard. Housing prices are stabilizing. I am building a new vacation home in the spring. There is a ton of cash on the sidelines...........yes insiders are selling heavy and that is not a good sign and not what I like to see but I say the preponderance of the evidence suggests that this market will go much higher in 2010 and any sell off here will not be the death hit that portends the double dip recession that Roubini speaks of......he is overplaying his luck and will be wrong. Boolean.
Fellar, no offense, but I'll go with Roubini. He has been more correct bout the economy than you been bout BSIC. When you got official national unemployment at 9.4%, and US Dept. a Labor shadow number a 16% unemployment, 35.1 million people on food stamps (today'sUSA Today), personal bankruptcies at an all time high, retailers goin' kaput, and commercial real estate the next bubble poppin' like a champagne bottle on New Year's Eve, likely personal income tax increases on the horizon to pay the staggerin' national debt, outrageous health care insurance costs bein' borne buy biz & employees, property taxes on the rise,colege tuition increasin' by 6 times the rate a inflation, groceries and utility bills goin' higher, CD's payin' 2% innerst, and 401k's in shambles, well I'll stick with Roubini. Less people workin' means less fuel bein' consumed by commercial vehicles and less people goin' to work ever day. Watch fer gasoline to go lower in the weeks ahead. Singleton needs some big wells to come in at 50% or better workin' innerst. I been sayin' that fer quite a spell. That will translate into eps. You caint get good eps without good wells and high workin' innerst in them. That's where Singleton has failed in my view. He may be able to run the compny, but unless you find black gold in good quantity, yer juest killin' time in the big office.
re Roubini - the word is he was long the S&P funds via Vanguard and others throughout the market collapse and throughout his call of economic doom - he reportedly was invested quite highly into stocks and when financial reporters tried to clarify this he would not respond......there have been so many guru's of the month/year and then poof - reality kicks them and their followers upside the head. Roubini has riding his worldwide fame like a rock band playing ever gig because they know it probably won't last. I bought the leveraged S&P and Russell 2000 right at the bottom and have been heavily invested in gold/silver the best performing asset class but hey - I am wrong as well so I don't expect to hit everything but my major calls are very good and the fact that my portfolio was not hit during this market collapse speaks volumes and my buy at the bottom has rocketed my portfolio much higher. Now, I have not been right on Basic - period.......not yet. With that said - I am pay-tient and willing to wait when the story is still there and my friend I say the story is still very much alive. Just type out: Ray Is One Of Us So We Are Not Alone - He Must Monetize His Investment In The Company So All We Need To Do Is Wait............bitch a little but WAIT. Thank You. Boolean. *The US Economy will not double dip - Roubini is calling for this in late 2010 to early 2011. He is wrong in my humble opinion and Dr. Doom will reverse this call in early to mid 2010.