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12%ayear's Account Talk
- Thread starter 12%ayear
- Start date
justbizness45
Member
3:58, 1001.70
12%ayear
Well-known member
bingo!!!!!!!!
Braveheart
Member
Did you notice the L Funds L2040....L2030....L2020 are all the same just a few cents apart.
I also agree the market is weeding out all the weak links and forcing a sell. GE is taking this market down right now. You know it's bad ona 900 point up day the stock drops like a rock. If Buffet can't help them no one can. If their earnings are truely that bad then it will be $15.
love-to-bike
Member
Yep - I'm keeping my eye on GE, though I'd be surprised if it fell to 15. My buy in is at 19, but if it starts to drop fast, I may hold off.
Gumby
Active member
Watch for nice short squeeze and triple digit gain today. We are down over 300 points now.
You may be a tad bit optimistic.:blink: Looks like the bears are growling and Bernake & Paulson are out of bullets.
Another bad sign - Bernake is running his mouth again!
Corepuncher
Well-known member
Watch for nice short squeeze and triple digit gain today. We are down over 300 points now.
LOL 12% :laugh: Again, I clicked on your post and was guessing you would predict a closing end-of-day-rally. I was not disappointed!
I hope you are correct. I think if 950 can hold relativley tight on the S&P, we will set the stage for another leg up...despite bad news (which is already known). Right now, it's not about hoping the economy will turn around within 3 months (it won't)...it's about feeling our way around to find what fair value is. Could be S&P 1000...1200....800...who knows. Karl D. suggests that it is more like 750-800. This may be the case.I'm glad I dumped my S for C yesterday. Once again, S is "underperforming" C...as is I. Chart-wise, there really is not much of ANY resistance going up until you hit 1100 or so. The real tough stuff is at 1200 then 1300...which seems like a pipe dream at this point. I do not forecast a break above 1300 for quite some time...but 1200..hmm...maybe, just maybe. All the same I"ll start scaling back if we can break 1050, then all out > 1161.
Rod
Well-known member
ATCJeff
Well-known member
green
posted above last week..4 more days to go!!! Look for the 10,000 level
So much for 10,000.
12%ayear
Well-known member
12%ayear
Well-known member
Starting to sense we have hit the bottom at these levels. I see a mad rush to 10300-10600 by the end of 2008. Why? Several key reasons, the inflation issue is out the window now. Commodity prices have tanked. Earnings are very bad which are baked in the market. Many bears are out there saying we will hit 6000. The point is everything has gone wrong in the markets since the bailout. The economy has pushed the reset button and took us back 3-5 years. The blame game is not going to solve the problem. Between high oil prices, loose banking policies, and greed destroyed the world economy.The Fed. under Greenspan cut too deep causing the US DOLLAR to devalue and allowing banks to overlend. It was a Ponzi Scheme. Many made alot of money in the early stages with real estate, flipping, now the rest are in the hole. In a strange way this is good for keeping everyone in check. The spending was getting out of hand for the public. Remember when everyone is doing the same thing, do the opposite. Now everyone is bearish. The USA economy has been in a recession for over a year. I see 2009 has the bounce back year. One thing I like is that the EURO is falling, which is a very good sign to recovery. You need a strong US DOLLAR and low Oil prices to pave the way. Keep the faith and remember in 2 years for now...12000-13000 levels will be back. Love the small-caps at these levels.
Last edited:
12%ayear
Well-known member
+150 since I posted this!! Bought a ton of QQQQs and QIDs. We will close green today
Watch for a huge lift today triple digits gains...easy money!!
phillyfed
Member
+150 since I posted this!! Bought a ton of QQQQs and QIDs. We will close green today
Your shorting the market buying some QID but then going long buying QQQQ? I guess you meant QLD
12%ayear
Well-known member
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