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Strategies & Market Trends : Rande Is . . . HOME

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From: Rande Is	5/22/2009 5:54:50 PM
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What is the consensus? Is the rally broadening and beginning to find legs? Or is there really another shoe waiting to drop. I'm sure you are trading in accordance with your belief. So banks are lagging for a change. Couldn't find any clear cut leaders past few days. Seems money is broadening out and volatility is subsiding. That's a good sign if you are a long-term bull. Bears aren't done with beaten down issues. . . though I am liking the squeezes we've seen of late. Lack of capitulation is somewhat worrisome. But then we Americans have been ripped so many times and in so many ways. . .we no longer act on emotions. So perhaps capitulation is an obsolete notion. On another note. . . why do I keep hearing about people wanting to buy GM? It is headed to zero. . .or thereabouts. They will absolutely go bankrupt. They will reorganize. Reorganization often involves canceling one or more stock issues. The only time this will be a good investment will be immediately AFTER re-organization. . . which could end up as two distinct companies. . .with two stocks. This is not one I would care to ride. It is begging for a reverse split. Still seeing patterns with early part of week financial rallies. . .then later half declines. Sets up some swing trade ops for those with the stomach. Buoyancy in banks has been strong for 2 months, fueled mostly by short covering. But I am just this week noticing a heaviness in the sector, perhaps brought on by today's credit card bill signed into law. Worth keeping an eye open. . . especially if you are playing them aggressively. . . as I have done. So what is next? Broader large caps? Spread out to smaller caps? Liking Foreign ETFs here. Not sure about how things will proceed from here. . . I simply don't have my ear to the tracks as often. But I do believe banks will catch another wind. . . which is due to remembering historical moves of banks a few decades ago. Once they catch their footing, they often continue on. And if for no better reason than an almanac might have. . .the long cold winter is over. . .and there is an exuberance (however rational) among people throughout this country. . .which is largely weather based. So (again for anecdotal reasons only) I am leaning toward no major declines until at least mid-July earnings into doldrums. . . depending upon performance overall. Hope that helps some. . . (forgive my being somewhat at a distance this go round) Rande Is

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