Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 56.07

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4:00 PM EST

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To: mattstats who wrote (38824)	2/28/2009 8:19:36 AM
From: GROUND ZERO™	Read Replies (3) of 207784

Yes, it is sad... I read a few market analysts whom I respect, they've been absolutely right about these markets for as long as they've been around, the most accurate one has been in the business for about nine years, his forecast batting average is perfect... he thinks, based on earnings, it's very well within reason to see DOW 3000 and SP 300 by late 2010... he's very bearish and I think I believe him... it seems the trick is to get short and stay short, period, don't try to pick bottoms, don't try to buy for the coming rally, just stay short, and he's right... BTW, many companies are already cutting their dividends... so, even if these markets look ahead 10 months, it's still way too early to buy... GZ

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