My latest rescue attempt.
Hello. I saw your post to RR on Voltaire's Porch and I couldn't help but wonder why you are asking bulls for advice in a bear market? A rally is eminent, but these guys have been saying rally since 4500 on the Naz. Granted, we've had a few brief rays of hope, but the overall trend has been down for the last 9 months. If you look at the DOW and SPX we have yet to really sell off yet. This could lead to even further declines in the Naz. IMO, the bulls are desperate for a rally. Margin calls and fear will ultimately win out. When it does, you will know. How you ask? Because the whole market will puke it up, and there will be no place to hide. That will mark a bottom. So far, we've only the nasdaq has been hit by slowing earnings. Do you really feel that this won't carry over into the rest of the market? The nasdaq companies do business with the companies of the DOW. If the Nasdaq companies are having problems, just think what these older behemoths are experiencing. Not a good time to be unsure of one's investments. I realize you didn't ask for my advice, but I see you headed for a cliff, and I am just trying to help a brother (sister?) out. Best of luck to you.
~Jason |
