Some very important things to remember and random thoughts:
1.) Nothing goes straight up and nothing goes straight down, especially where markets are concerned.
2.) When it seems like everybody and their dog is screaming SELL, it is most likely the best time to BUY, and visa-versa.
3.) One thing I like to do is take a Nas or Dow chart and turn it upside down. Wow, things sure look like they are getting toppy, maybe? Oh wait, must be that irrational exuberance (or irrational shorting).
4.) Is it just me, or are there a bunch of people wanting to know how to short the market? I hear from a lot of people wanting to know how to short the market or if they should short this or that. Uh, wouldn't that be like buying some i-net stock that was over $100 back in February or March? Basically, I refuse hold any short overnight at this time because I feel that a bottom is near. Don't wanna risk Alan cutting rates on me at this time.
5.) Election is behind us now. MSFT has finally warned. After MSFT mess is done, the only thing (IMO) that can drive us lower are: CSCO warning, recession or World War III (not necessarily in that order).
Interesting times here folks. I can remember just a couple of years ago when the world financial markets were crumbling (after the Russian fiasco) and people thought it was the end of the world. Well, guess what, Al (not Gore) stepped in and saved the day.
Could the same happen here? Banks are in a wee bit of trouble, dot.com's are dropping off the face of the earth. Economy is slowing so much that it is getting national attention on the major networks. What will Alan do?
Stay strong and be focused folks.
IMO, the bad times are close to be over. |
