Chinton,Thanks,"if they have the cold blood not to panic" ?
I think,they will not.But on another hand I do not expect the crunch to come now. Not yet!
What I am watching ,is the money flow to the stock market.
Two weeks ago we had the highest inflow since 96.....4 Bln.
in ONE week only!
It means that not all that money were able to be invested yet
taking under consideration the recent meltdown on DOW and NAZ.
As long as heavy money are flowing ,I don't expect correction.
On another hand, on negative side: highest borrowing in
US history,people are buying stocks on a credit cards,
the highest confidence in that market,the lowest savings,
PE ratio on NAX 100 the highest in the history equal 175.
If you look on all that data,THIS is ridiculous and one
day has to end.
On another hand,we are not in 1929,where economy was collapsing and people were not informed.
Today we have an overflow of information because of internet
and that is the reason ,I DO NOT EXPECT 1929 to be repeat!
I expect,in the worst case DOW going to 8900-9600 and for
NAZ the worst 3400-3600. Nothing below!
REMEMBER once again,as long money flow to to that market
everything is OK.
BTW,I never buy on margin.
Regards,
Paradisio |
