I’ve been called too negative at times, especially with my forecast of the stock market and the outlook of the US in its current form. So I thought I take this opportunity to state that for the first time in a long time I think we’re about to start another bear market rally. I think the stock market in general is within 2-3% of bottoming out. So things, at least in my opinion will look up for a little while. We might dip into the high 6900s, I don’t think we’ll do this time around but if we do I think it will be just very temporarily.
There I said something what most people consider “positive”. You’re very welcome, see, I’m not that bad
I could be totally wrong so do your own research. I barely hold overnight in this market, so either way I don’t really care where it is going as long as I play the right side of the fence. Bbut given that I’m perceive me as too bearish I thought I’d share that even an overall bearish outlook can come with a short term bullish twist
I tend to think that you’re wrong here. The markets just broke through key support levels during the last few days. Hard to imagine things turning around.
**Now now, don’t panic, you don’t have to go it alone! I’m sure there are any number of kooky militias you could join. **
I don’t think there are many that would accept him.
As for the markets, what will it take to make the turn around? I’ve been hearing about “stress testing” some of the banks. Is this a good or bad idea? Should they have been doing stress testing all along? It may uncover some of the underlying causes of how we got here in the first place.
Although people get excited with every up and down with a little magnitude, the reality is that anything not sustained outside 7000 to 10000 on the Dow has no real significance to the current stock market landscape. The market may just come down to do that, but it may even more likely just re-bound from here as fast as today, then all that panic anticipation will be over just like that.
I’m seeing it as another good buy opportunity similar to Oct '08 and Nov '08. Limited downside and huge potential upside. Buy low sell high. I’m buying equities now and have also just bought oil. But that’s just me.
If you’re so convinced have you been shorting the market?
We don’t need to guess, end today to likely latest end of this week we’ll know for sure.
I’d have a hard time believing the market will turn around in the next month… AIG will announce a 60B loss which will drag down all financials, and if/when the FDIC takes over C and BAC it’s gonna get ugly… (I just wish they’d do it quickly and get it over with).
