madfcstr's Account Talk

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Re: madfcstr account talk

madfcstr said:
Don't have a good feel for the next market "bottom" and possible buy opportunities. Any thoughts?
Click to expand...
Wish I could help, but I think I'm going to know where the bottom is when I look back and say, "Yep, that was the bottom!" :laugh:

Welcome to the MB!

Lady
 
My relatively uneducated, uninformed guess is that the bottom will occur when virtually EVERYONE finally jumps onboard to say that the bottom is nowhere in sight. To me, that -- paradoxically -- means that we have "hit bottom." As long as we still have positive sentiment lingering, then there are still too many "buyers" lurking. When virtually NO ONE OUT THERE thinks it is a good time to buy (taking a general "long" position), it would seem to me that THEN is the time we've truly hit bottom, and that the only place to go is up.

Steve
 
The internal bottom was placed on October 10th when 93% of all NYSE stocks put in a new yearly low. The price bottom was placed on November 20th. We are testing the bottom now with several intraday spikes downward. The bottom is in.
 
Birchtree --

I wish I felt the same way as you do. I don't think the bottom IS in. I guess time will tell, but I'm not sure how we can go 13 trillion dollars in debt, with the government "implying" that it can solve our economic issues through this spending (which of course, it can't), and not have major market ramifications (negative, of course) down the road...

I guess time will tell if we truly have seen the bottom or not...

Steve
 
steveg said:
Birchtree --

I wish I felt the same way as you do. I don't think the bottom IS in. I guess time will tell, but I'm not sure how we can go 13 trillion dollars in debt, with the government "implying" that it can solve our economic issues through this spending (which of course, it can't), and not have major market ramifications (negative, of course) down the road...

I guess time will tell if we truly have seen the bottom or not...

Steve
Click to expand...


Birchtree has been calling a bottom everyday for the past year and a half. Just get use to it.:D
 
welcome madfcstr... might oughta cool it on the "bottom" talk ... Buster will be over here with a quickness. :laugh:
 
Yeah, CP introduced me to this site. Hopefully when we hit the bottom someone will ring a bell. I'll promptly push my money back in (C fund) and hope for decent returns.
 
How many of you folks did CP bring over here? :nuts:

Did I say welcome to you yet? :confused:

If not...Welcome! :D
 
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