Looks like the market tide is against us. Even though I like the prospects for this stock, and will not sell my 1200 shares, I think the larger market is going to go heavy against all "longs" for the next several weeks. I switched to all cash and international funds yesterday except for what I own in BLTI. I'm not selling because even in a falling market, some stocks swim against the tide. I'm optimistic that BLTI will do just that.
disagree. we all knew the market neede to correct. It doesn't go up 40% or whatever in a year or 18 mos without needing to. So IMO a "sideways" correction is great. Rather than wany down. So far, the biggie is SP 1100. We have held that last time and should hold this time. We may ride it for a while, but if it breaks I'm with you, OUT of everything until the BUSH whitehouse is either confirmed or denied. I will hold BLTI in a cash account and not trade it any more if that happens or it dips below 12.50 by 15 cents or for more than one hour.
I sure hope you mean when Kerry gets in stocks will truly improve. Since Bush was basically decided in November 2000, stocks are down, couple that in with 30 percent loss in the value of dollar. You are talking about a 40 percent loss, given away to contractors in Iraq and prescription drugs.
When Kerry comes in and attempts to reduce the deficet tax. The value of the dollar will improve and prices for lcd tvs will drop. He will invest in America and eliminate loopholes. The stock market may not rise, but your purchasing power will.
The NASDAQ index is going to remain between 1850 to 2100 for the next 5 years. The price to earnings ratio on the S&P 500 is looking better. The market is behaving weirdly because of higher employment and higher interest rates.