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I think there may have been a lot of shorting in today's market from hedge funds and odd lotters now that the up tick rule has been lifted. The trap may be set for a 400 point rebound - that would shake things up in a serious way. The release of the GDP data may surprise. I can hear the little feet of millions of Chinese sending their money to buy stocks. Smack me another 50 points on the open and I'm in over my eye brows.
I have a black cat Hades.He whispered to me yesterday that Oscar the cat was cozied up to the markets yesterday.
yes, animals are smarter than humans.Hey 12%, I know you are an animal lover, did you hear about the cat named Oscar who would go to the room of dying patients in the hospital whose time was near and stay with them till the end?? They are supposing he can sense/smell the immminent moment is on hand. He is like 25 for 25 with this instinctive behavior.
Currently being written up in the medical journals. Will wonders never cease.
white
The best thing to do is 50/50 I and S Fund and come back Dec.31th. I changed my mind about the markets lately. It seems the correction is here and we just have to ride it out. I know it sucks, but sidelining now is insane. Remember the bad news is already priced in.
sure, however; it is possible that because of this big correction we are having in July, it could turn out to be one of the best months of the yearIs it not kind of insane to stay in knowing that the seasonality for August is one of the worst months within the year?
P
The best thing to do is 50/50 I and S Fund and come back Dec.31th. I changed my mind about the markets lately. It seems the correction is here and we just have to ride it out. I know it sucks, but sidelining now is insane. Remember the bad news is already priced in. The real estate market is experiencing what NASDAQ did in March 2000. Everyone was flipping and banks were being careless and lending. Now, the markets have to make adjustments. This was old news in the beginning of the year about sub-prime and homebuilders warning. However;OPEC knows that they need to drop prices or it will backfire. The Fed has to cut to create business for lenders. Remember that is what the FED does. It seems we are giving back 2-3 months of gains. What a waste of time,if you stop and think about it. All that rushing to beat the noon deadline and the gains are erased in a matter of days. Part of doing business. I still think we will rally hard now into 2008.
SEE YOU NEXT YEAR GUYS!!! I AM TAKING THE 50/50 APPROACH I AND S FUND UNTIL DEC.31th. SEE YOU IN 2008![]()