In all liklihood, there will be another pullback coming up soon. The qqq's are already showing signs of being overbght.
Poor Waldo, the dow goes from over 50 points up to over 100 down after he posts his nonsense
loved your note about the German consumer sentiment at an all time ago a while back. the german market has dropped like a rock ever since that little tidbit, ie more than 10 percent
showing your age, but yep, the roaring 20's reference certainly fits what's going to happen when the party comes to an abrupt end
it is interesting to note that the oversold bounce failed right at 1944 yesterday on the SPY, the market then gave up a good portion of it's gains for the day, and is now once more, red again
but Wally promised that the correction was over, of course the SPY failed yesterday right at the 1944 breakdown level
Poor Waldo, everytime the price of INTC drops, it always due to attempts to screw idiots like him.
Go get a real job and contribute something useful to the world.
I think it's safe to say that he has probably never worked one day in the semiconductor industry (selling computers as a self employed, self described consultant doesn't count) and has less education or experience in that arena that Asraf currently has at about 1/3rd the age.
Yep, for those who were short INTC which closed down for the week and near the lows, One was supposed to cover, buy the oversold DIA, not the not oversold INTC which the fool longs only recently called a safe haven before it dropped like a rock on those who bght to capture the dividend.
You make silly conclusions all the time.
Silly conclusion, "those who bght at 24 will be fine within six months "(the stock proceeded to fall to the 17's and took over two years to get back to 24), during the drop from 29 to 19 in 2012, at 26 you said the rally back up would be as quick as the fall as the stock dropped back to 19 and then took over two years to get back to old highs from 2004.
INTC was no where close to be oversold , the dia was, reasonable for those oversold areas to bounce far more than areas that weren't and where the bubble was biggest, ie INTC
Pumping INTC every single day, and learning nothing of any use along the way.
If as and when the economy turns south again, his beloved INTC will fall faster and harder than the overall market, such is the lot of chip companies.