You called it, all right. Now tell us where the bottom is -g- ... It's a US election year, that's what i keep coming back to, you can't have a big kahuna in one of them. Um, i think. There will be cash like yours pulled out for y2k sitting on the sidelines, waiting now for entry points. The institutional year-end money won't have shown up yet, and rrsp/ira season is eight weeks or more long. Monday was the first day americans could take profits and put off taxes til April '01, the IRS goes by trade date ... so they take a little profit, and wham. The one-day waker-uppers don't last lately. The economy is strong, and while earnings are a bit thin at .0000000001 of prices, they are steadily creeping towards justifying '96 evaluations. Buy the dip. All fed hikes real and imagined are priced in already. Don't worry about margin calls, take the phone off the hook. The market went up last year, didn't it. Look how solid is the 50-day ma line the Nasdaq has to bounce off. Visa will raise your limit if you ask nice.
Seriously, i have no doubt of my target with this one, it's just a question of when, and i'm not holding my breath just now ... good to see you back ... cheers
[edit] - oops, hadn't caught up with the thread - No, i don't know either why 'fuddle' chooses this thread to spam his picks on. Could be he senses a limit to off-topic posts on Ed's thread. But it doesn't matter much, imho. |
