bookmark.
It will move up and down in equities in hopes of banging out an ROI over time.
Sometimes (although rarely) “everyone” is right.
This week is going to be a blood bath of epic scale
The Pragmatic Capitalist
May 30, 2010, 11:06 AM
JP Morgan thinks we’ve seen the market bottom. They cite three different factors that lead them to believe this:
1. Analysis Paralysis: Proxy for Buy-Side Capitulation. For the first time since the correction started (April 23rd), we saw demonstrable “analysis paralysis” from our clients. That is, despite rationally saying valuations are attractive, they were unable to find any stocks they were willing to buy at any price.
2. AAII Diffusion Index (% Bulls less % Bears) fell into negative territory. This fell to -21% this week, reflecting a broad-based decrease in investor confidence. As shown in Figure 1 below, a push into negative territory is historically associated with past correction lows.
3. In past intraday Crashes (a la 5/6’s “Flash Crash”) markets stabilize average 30 days later. It has been 21 days since the intraday decline of 9%. Since 1900, in the 6 prior instances of 9%-plus intraday crashes, markets tend to bottom by day 32.
Source: WSJ
[snip]
Glad I’m secure in my poverty.
Socialism is not good for private companies.
Translation: Some Still Bitterly Clinging to Hopey Changey!
ping ... what do you think?
Spot on. This is why most people buy low and sell high. They know not to, but emotionally they think a soaring market will keep soaring and a plunging market will keep plunging. As far as fair value on the S&P, I think it is closer to 800 than 900, but then who the hell am I. Just some dumb-bunny layman typing on an electronic bulletin board. I'm not smart like the brilliant economists who said the world de-coupled from the US economy, there was no housing bubble, housing would decline in an orderly mannre without a crash and would not impact the "greater" economy. I'm just a dumb-bunny who went all cash in December 2006 and am still way ahead of your typical buy and hold mutual fund buyer. So what do I know?
I sure hope so. I’m looking to make a fortune over the next year buying puts. Crash and burn Mav........when you have a muslim communist in charge of the entire US, what can you expect.
So, basically, profit from other people’s misery, it’s the American way.
Why?
Because people are figuring out that we have a radical left wing government.
The only one who really knows what's gonna happen is Mr. Market. And he's usually pretty closed mouthed.
Like bears? They're all here.
Uncle Marx at the fiat federal reserve will print up a trillion one zillion dollar notes, Bre-X will sell for $20,000 a share, happy monkeys will fly out of obuma’s butt, covering America with endless pineapple mojito lollipops, and Mr. Magoo will drive us to paradise while we listen to one hand clapping.
Good grief!
Baron Rothschild-”Buy when blood is running in the streets”
Is it time?
After last month we can see 20% down quickly.
Bump for later