Nordic's Account Talk

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Nordic said:
http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm
Click to expand...

I think column writers and people in general have a bad habit of interchanging the terms "correct" and "consolidate."

If anything, as the market extends it will consolidate along the way, but to me the term "correction" implies significant change in atmospherics and a new bear market.

I just can't see that happening this year or even next. Maybe 2012.

If anything some catalyst like Greece will give us a decent 10% consolditation that will serve as yet another buying opportunity in a continuing bull market.
 
anthony said:
I think column writers and people in general have a bad habit of interchanging the terms "correct" and "consolidate."

If anything, as the market extends it will consolidate along the way, but to me the term "correction" implies significant change in atmospherics and a new bear market.

I just can't see that happening this year or even next. Maybe 2012.

If anything some catalyst like Greece will give us a decent 10% consolditation that will serve as yet another buying opportunity in a continuing bull market.
Click to expand...

Thanks - I thought a correction was like a 6%-10% drop. ?
 
A consolidation can be any give back up to 9.99%, anything over 10% up to 19.9% can be a correction, anything above 20% is a bear market. The intraday consolidation in February was at 9.1%. A correction can absorb more than several months - look for one around the beginning of September.
 
"Even if the news is encouraging, investors could still see a drop in stocks, at least at first. The stock market has tended to fall as earnings arrived in the past two quarters. Once most profits came in as well as expected, some investors figured stocks had run far enough.

In October, the S&P 500 index fell 5.6 percent after third-quarter earnings came out. In January, when results from the last three months of 2009 rolled in, the S&P 500 index lost 8.1 percent. The market resumed its climb once most of the earnings were released."

http://www.msnbc.msn.com/id/36392766/ns/business-stocks_and_economy


Would be nice to avoid those 6-8% hiccups when they occur.
 
That's some good news. Sung to the tune of "That's Life"...(Stocks) flying high in April, flying high in May(not shot down in May please. 1230 resistance? Noooooo), and if there ain't nothing happnin' come this here July, I'm gonna get on a big bird and fly.:cheesy: I've been a puppet, a pauper, a poet, a pirate, a pawn and a king, I've been up, down, over and out and I know one thing. Each time I find myself flat on my face, I just pick myself up and get back in the race. Written by Dean Kay and Kelly Gordon.
 
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missing the boat?

"There are signs that retail investors are just now starting to return to the stock market. This will eventually lead to tears as speculative overexcitement gives way to a new bear market, but not yet. First, we should see an upward whirl of fast-rising stock prices as more and more investors jump in, along with dizzying valuations.

We've seen prices rise, but we haven't seen the money pour in. We may be seeing the start of that rush now, though."

http://articles.moneycentral.msn.com/learn-how-to-invest/are-you-missing-the-great-bull-run.aspx


Birch will enjoy this read. Sure seems like we need a breather first...shoot, who knows, really hard to know what to believe at this point.
 
That was indeed a very comprehensive sweet read - let me get another 3,000 points before the mom and pop wagon train arrives. I like the market just the way it is and my base continues to build.
 
Hey BT what makes you think mom n pop are coming back to Play? Once burned...
 
the alternative to staying long now is to sell short. not to my taste either
 
"Some of these folks were planning on getting out later in May or June, when earnings season was over and the stock market was ready to slide into its summer doldrums. Now it looks as if moving sooner rather than later was the better strategy, and they're worried that they missed their chance to get out. (I don't know why I'm writing “they” here; I belong in this group. I was waiting for the end of May to trim some positions.)"

http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1751156&_blg=1,1751156
 
I still plan to gently move money to the G fund into the peak of July as the two year cycle exerts mild pressure in preparation for the more serious 4-year cycle nesting into September/October time period.
 
trade glitch eh?

"There was confusion over what caused computerized market systems to go haywire. CNBC's Scott Wapner suggested the problem was in the Nasdaq market system and was caused when a trader at a major firm typed in "b" instead of "m" on a financial derivatives trade."

http://articles.moneycentral.msn.co...t-dispatches.aspx?post=1751806&_blg=1,1751806


Really....really?? Starting to sound like the "leadership" at my agency, selling bridges and the like. :notrust:
 
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