Woof......as we approach new territory in the dow and s&p....do you feel we have come to the "top"? Big earnings report week.....most if not all will be strong further pushing this market up.....inflation is here and I don't think the housing slump is putting even a little dent into it at this moment....we shall see, but there is always money to be made
Also I hope you didn't get hurt on RIMM as I see at just around the time you shorted it jumped from 160 to now standing at 230
Also I hope you didn't get hurt on RIMM as I see at just around the time you shorted it jumped from 160 to now standing at 230
Joe, the rimm was a daytrade as are most of the posts I make unless I mention its a long term position.
The market is an animal currently being controlled by wild money creation. Starting begining of July, the fed accelerated the already high money supply increases. Same things are going on all over the globe. It will not end well, but nothing says it has to end tomorrow.
I still lean bearish, but that bearishness must be viewed in terms of usd when looking at the major indexes. Regardless of fundamentals, I most often will not short stocks or indexes making all time highs.
I prefer to not stand in front of moving trains and when markets get this type of upside momentum, people that get stubborn get smashed. I try to step in long some days, but unfortunately most of this move ive either been on wrong side or on sidelines.
My core positions in commodity based stocks and investments remains and will remain until the market says otherwise.
As Ive posted countless times here, other world indices, commodities, and currencies will continue outperforming the us markets and dollar.
The emporer (US) has no clothes, but half the world still doesnt know it and the ones that do know it either wont discuss it or are afraid to until they have someplace to put their wealth.
The market is an animal currently being controlled by wild money creation. Starting begining of July, the fed accelerated the already high money supply increases. Same things are going on all over the globe. It will not end well, but nothing says it has to end tomorrow.
I still lean bearish, but that bearishness must be viewed in terms of usd when looking at the major indexes. Regardless of fundamentals, I most often will not short stocks or indexes making all time highs.
I prefer to not stand in front of moving trains and when markets get this type of upside momentum, people that get stubborn get smashed. I try to step in long some days, but unfortunately most of this move ive either been on wrong side or on sidelines.
My core positions in commodity based stocks and investments remains and will remain until the market says otherwise.
As Ive posted countless times here, other world indices, commodities, and currencies will continue outperforming the us markets and dollar.
The emporer (US) has no clothes, but half the world still doesnt know it and the ones that do know it either wont discuss it or are afraid to until they have someplace to put their wealth.
Great Post.......I myself have been transferring my portfolio into foreign investment vehicles for quite sometime and have seen the emerging markets as well as devleoped markets outperform the us indices on a monthly basis......Like you say all steam ahead for now, but there are better spots IMO to place your money
Here is some of my thought:
Tech sector still outperform most of the sectors especially the one with solid fundamental. AAPL,WFR,SNDK, AMZN, QCOM, BIDU, VSEA... all reported solid earning that support the hold-up of semi/tech sector. If mkt rebounce, they would be the first spot to indicate.
