a lot of people are saying they don't know what's going on,the buy the dip mentality is SO powerful,that the crash to rise on tuesday rebound was the quickest rebound by far,in the history of the stock market,that the NO FEAR still rules(and that is not good),even though the marginners got killed,and washed out of the market,for a time---so what happens with NASD now--was 5000,what was TOO TOO HIGH 2 weeks ago,is it then going to be just right 2weeks from now??? no logic there at all! i remain believing that between now and november,this will have a bad end,and that tuesday was just red flag to what is to come.
the non-traders that bought the dip(it was a great day for traders who caught it,as Jeff can testify) on tuesday will eventually crack when they see their profits vanish in a blink one day.
Mary Meeker saying YHOO deserves a 700billion market cap,was one of the most shameless pumpster statements i have ever heard,and shows the speculative mania still raves on,and wallstreet are the hucksers that pump it.
one person i find makes pretty good calls,is seeing April as a drive back to 5000,leading into a terrible may---i see this still as jack be nimble jack be quick market,and if you guess wrong you are history(how many carcasses were piled up between the end of march and 4/4?)--max
|
