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| nikoschopen 2,824 posts msg #59296 - Ignore nikoschopen |
1/24/2008 5:13:40 PM As the cliché goes, buy the rumor and sell the news (ie. Fed rate cut) come next Tuesday, The market will be sorely disappointed by the Fed action, whatever that may be, and should crater in the aftermath IMHO. Remember, in a bear market, you ALWAYS want to sell into strength. |
| nikoschopen 2,824 posts msg #59399 - Ignore nikoschopen |
1/30/2008 5:06:21 PM Now that the Fed obediently gave what the market wanted and the market subsequently sold off nonetheless, what should you do? Buy the dip and get floored by the bears or sell the bottom and get ran over by the bulls? Here's my plan for tomorrow. Depending on how the futures trade overnight, we might see a bounce in the morning, however brief it might be. The S&P cash index ($SPX) could rally up to 1362-1365 range, at which point I would short like mad. Speaking strictly by the script, I think we're on the cusp of a major market meltdown. The Fed can slash the rate down to zero and it would not be enough to save the economy. The overused and much abused phrase, "this time it's different", regurgitated by the market pundits, might be true after all. I'm of the belief that this recession will be qualitatively different from the previous 2000-03 recession or the 1990-92 recession. Not necessarily better either. Brace ureself for some turbulent times ahead. |
| StockFetcher Forums · General Discussion · In Bears We Trust II | << >>Post Follow-up |