HERE WE GO. Dow up 190, down 176 the next day. 1 1/2% daily changes are emotion charged and are unhealthy for the market.
The Dow continues to lag the other benchmarks', although forward compensation on that front looks good. I'm looking for just a nice 20 or 30 point bump per day for a few weeks. We need to settle this upset Mr. Market in a hurry as we only have a few months left until "SELL IN MAY".
Not ready to 2X short gold yet. Stay away from any (benchmark) stock index ETF's right now. Opportunity to double down (see SDS) is coming. Patient, may be a few years yet. Double up (see SSO) is way gone. What can you make, a lousy 40% maximum? (That would be in a 20% DJIA increase to an all time high.)
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Showing posts with label Dow Jones Industrial Average. Show all posts
Showing posts with label Dow Jones Industrial Average. Show all posts
Tuesday, March 8, 2011
Monday, May 4, 2009
Whoopee Cushion
Hey, don't get carried away yet. Sure, buy good dividend (sustainable dividend) stocks which are cheap but...
Remember when we were going to freak-out if the Dow went down to 10,000? Now everyone is pleased as punch to see it at 8300. Strange animals we are. You've still been punched as pleased since late 2007. Remember that and use prudence. September or October will tell the true story.
Visit my website here.
Remember when we were going to freak-out if the Dow went down to 10,000? Now everyone is pleased as punch to see it at 8300. Strange animals we are. You've still been punched as pleased since late 2007. Remember that and use prudence. September or October will tell the true story.
Visit my website here.
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