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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (112963)4/19/2008 8:12:33 PM
From: Kerry Phineas  Read Replies (2) of 132070
 
re the market going up or going down,

I feel pretty confident that the credit crisis will end up a bit worse than Wall Street is currently pricing in to the financial stocks. Eventually a number of regional banks will likely fail unless they capitalize aggressively in the near term. However, a number of the nifty fifty stocks will show good numbers. Big tech in general should have advantages from the weak dollar.

I guess the q is do you see a nifty fifty market forming, a decoupling of stocks based on fundamentals? Of late most stocks have been moving together.

Ehh, I may just cash out and wait until after the crash, likely a few years coming. Its just too tough to make money on the short side, although I am doing OK.
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