Hi JWCB: Been lurking here for awhile. I hardly ever post anymore. Why add to more misery. But I'm getting encouraged about going long in this market. The overwhelming negative commentary on most threads regarding individual stocks or the Naz is what I've been waiting for. We can almost see the "whites of their eyes." You may be correct about the Naz hitting 2200 or maybe going lower than that. What's another 300 points or so on the downside amongst friends. SCREW IT!!! Let it happen, I say. Bring it on. Because those who are able to patient it out, who are sitting on cash, and who can deftly pick their spots are going to double or triple their money very quickly (1-3 weeks)and the Naz won't even have to go back to 3000 to do that. Forget about LTB&H. That's total B.S. The next 4 years of acrimony in D.C will be like nothing we've ever seen. There's an underlying dislike bordering on hatred amongst those political jerks in D.C. The country is divided and the markets sense this. Too bad Jesse Ventura wasn't elected with Hulk Hogan as Secretary of State, Goldberg as Treasury Secretary, etc. Then he could run all those political f**ks from both parties out of town, including the pricks at the Fed. Just a dream - just a dream.
Anyhow, I sense a great opportunity coming. I'm not going to forecast when anyone should enter or at what price or which stocks. But we're getting close. The negativity is rising dramatically, and the world markets are starting to sink. The Fed has to react with vigor. I see at least 4 rate cuts next year, 3 within the next 4-6 months, and won't be surprised that we get a 50 point rate cut next month to undo the 50 point rate hike Greendick did in May.
If I'm correct, I will only trade the very sharp rebound rally. Forget those schmucks on CNBC about LTB&H. BTW, where's Abby Joseph Cohen now. She was telling everyone to buy tech when the Naz was at 3300. The whores of Wall Street are no one's friend. Never have been - never will be. They only serve their own masters - whomever they are.
As an aside, biotech is really holding up. No capex, CLEC, ILEC, telecom problems there. Just mentioning a drug going to Phase 1 trials and the stock runs 5-10 points. We really don't "need" broadband but we do need our drugs. (vbg). Anyhow, nice chatting with you. Back to lurking awaiting some tremendous opportunities that are forthcoming. Good luck all.
jmanvegas |
