im going on a buyers strike, as cheap as things seem, until i see the following, reversal in 30 year treasuries, they hvae been moving opposite the market, and a vix of 35+
in the meantime, we may have to suffer awhile longer as short term, softechie is right, there is no short term catalyst that could reverse this trend, when we get to january, we have an "anytime" rate cut, in the meantime, next support appears to be 2300 on the naz, when i do go buying (if i have any money left)i would be looking for
growth, hitting earnings, cash, a dominant player in the space, and maybe even buying their own stock, dont know if i can find a stock that hits all those criteria but right now, my "check into list" would include
mslv idti efnt elnt
of course, who feels like checking out any buying today?
we have to be close to a bottom, lets go ahead and get the 300-400 point drop over with in one day, the drip/drip/drip is what kills us |
