I almost pulled the trigger when this broke 11 the other day, but I still think this is one of the biggest bogus rallies I have ever seen. The naz never goes down more than 10 mins, except for the 2 days this week, since the 1st of the year. Its nothing but a fed induces rally, with Bernanke trying to give everyone the feel good, about the economy, so they will go out and spend. Txn and altr just warned, and nobody raised guidance last qrt. Now all of a sudden, msft is a tech darling. To be that big of a company, and being up 25%, what are they doing different than what they have been doing the last 10 years ? You can't fight the fed, and thats been proven time after time, but this bubble is inflating way to fast. All bad news is being ignored again,and the debt problem isn't even in the conversation, and unemployment is manipulated for the Obama campain. I know I sound negative, but this won't end pretty. Now the question is, How high can it go ?
Had the order in at 10.50 and it didn't quite make it. Its a shame that researhing doesn't pay off anymore. Computerized trading. Altr lowers guidance today and the stock spikes up. Makes a lot of sense. It just amazes me to watch the naz everyday. Its nonstop , and earnings haven't changed a bit, and the outlook sure hasn't improved on the business climate. I've really missed this one
Those round numbers will kill ya. I do like 10.55 so if the MM doesn’t wanna let it go down to 10.50 he can still make his few pennies.
I don’t think this will end well either – we’re just not there yet.
If you have the time to closely observe what “they” are doing you can still make some money trading.
“They” being take your pick – the MM, HFT, whatever.
True DD and holding a company for a while hasn’t worked in this market. And politics and thus money supply and interest rates have distorted the stock market, the bond market, real estate, commodities, etc, etc.
It’s their game we play in. All a fella can do is observe what “they” seem to want to happen and piggy back on that.
Whether they are pushing a stock or the entire market higher or lower.
I am truly afraid of what this bunch are likely to do with getting us into more debt and coming inflation in order to get re-elected.
Then again just like last election our selection will be poor it seems.
And I did add some under 11 and will add more given the chance.
The current administration's folks are gonna continue to juice money supply(I believe someday we'll see inflation like we haven't seen since Carter - but Ben can't see it), expect another big housing giveaway to be timed for when he'll get the most bang from our buck.
It's a game of musical chairs rather than investing until the adults hopefully show up again someday.
I sincerely hope the next elections improve things. Otherwise we will be on the list just like Greece, Spain, and similar contries these folks aspire to be like.
For me it's a constant battle. I see this inflated market continuing to go higher because they need it to. Not on it's own merits.
So part of me would like to be in more cash than ever. And I have gone from like 5% to 20% but am back down to 13.5% today.
Buying more defensive stuff lately like AWK, JNJ since Welden is giving up one title.
Remember when investing was about DD on the company, it's sector, it's outlook, etc?
Now you've got to consider domestic and international politics and their effects much more than ever before - and this ISN'T an improvement IMO.
Oh - another thing. As part of this shell game they have also taken away safe investment's returns for all those who worked, saved, planned for their future by in essence having no Fed interest rate. So folks who carry their own weight are getting it at both ends.