how convenient, msft warning should clear out all the sellers (individual investors) just before fed rally, i would say msft at 52 area is going to look pretty cheap by next week, but no more falling knifes for me, i think i want to buy them now when they start going back up,
this market doesnt look very good right now, but i cant help but think there is a gap down and then a reversal in our near future
call me "eternal optimist"
if i was really disciplined, i would have sold more when 2750 failed , it would appear to me that at the very least, monday would be an up day, but im wasting my time trying to figure out this market in advance, im much better off when i just let the market trade and then follow the trend, this market is going to do what makes the largest amount of people frustrated
at this point, all we have is mr green to turn this around and expectations are starting to mount, which increas our chances for another "sell on the news effect", at this point, a neutral bias only without some strong hints of easing is not going to be enough to "get the job done", its going to take more than that to open the flood gates for the big money on the side lines, until we get a catalyst for the sideline money, we are stuck, catalyst is not going to come from earnings reports |
