"The look-a-like"...
That is what I'm calling this weekly chart of the SPX...
Some people "buy" into the "hype", some people "buy" into the notion that things are going to be "different this time", some people are afraid they'll miss the next "big rally"...
Well, that's exactly what they want "the some people" to do...
While I admit the "trade" over the last couple of weeks has been to buy the dip, in no way are we set up to enter a new "bull market"...
Here's a prediction, but more or less a WAG!!
Many companies reaffirmed forward guidance for the and for the most part meet their "pro-forma" analyst expectations and this has allowed a surge in stock prices...
Well, here's where I think these same companies that just reaffirmed their guidance will have to warn towards the end of the year and they will simply blame it on "SARS"...
This was just another "pump&dump" by the crooks who know they have that "SARS" ace up their sleeve and while they're sipping martinis in the Hamptons this summer, those who bought stocks for a "buy&hold" will be wondering why the hell they let this happen to themselves again as buyers remorse will set in and they find themselves "trapped" in another long term investment...
Here's my baby I call "The look-a-like"...
stockcharts.com[r,a]waclyyay[pb7!b25!b50!b100!b150!b200][vc60][iUb14!Ua12,26,9!Lh14,3!Ll14][J6530777,Y]&pref=G
EOM
Shoreco
PS
I posted this earlier on the DrBob board... |
