Predicting market moves 100% of the time is not an exact science.
Hence my favorite investing quote. "Listen to what everybody has to say, but do what you think is right yourself" You alway have camps both negative and positive. I saw this positive one today. Last week was a negative story. Every day most stocks change in price. I still think most of the biggest gains are made through long term holdings of a smaller growth companies.
Still I have to applaud those who can day trade for a living. Those who can do it with consistency over a long period of time. I think those type traders are the minority than the majority. I don't buy or sell stocks based on any type of market sentiment. I like to view each stock I buy as a special situation in something. Something that will go up of coarse. I will be right 50% of the time in each stock. It will either go up or down. If I'm right more than not. I'll be happy as long as I can maintain a good total return over the long haul.
Investors Are Too Negative, Says Art Hogan -- And That's Good News For The Market
Posted Sep 13, 2010 11:12am EDT by Henry Blodget in Investing, Recession, Election, Politics
The stock market has been stuck in a trading range over the summer, oscillating between about 10,000 and 10,500 on the DOW. So when will we finally break out of that range? And which side will we break out on?
Art Hogan, Managing Director at Jefferies, thinks the break-out will be to the high side.
Why?
Mainly because the consensus is that it will be to the downside.
As recently as a couple of weeks ago, most investors were convinced we were headed for a double-dip recession. This conviction sent the the DOW plummeting below 10,000 again. In the last couple of weeks, however, the economic data on jobs and industrial manufacturing has been better than expected, and the market has popped back up to the high end of the trading range. Hogan thinks the relatively good news will continue.
For starters, Hogan thinks the country will avoid a double-dip. Over the next couple of months, moreover, he thinks investors will be pleasantly surprised by the economic news. And when the Republicans grab back seats in the House and Senate, investors will have "gridlock" to look forward to.
Gridlock is actually not a bad thing for investors, says Hogan: The confidence that neither party will do anything radical should bring some confidence back to the market. And that, combined with attractive valuations relative to those in the bond market, should prompt investors to keep moving back into stocks.
_http://finance.yahoo.com/tech-ticker/investors-are-too-negative-says-art-hogan----and-that%27s-good-news-for-the-market-535415.html?tickers=^dji,^ixic,^gspc,^TNX&sec=topStories&pos=main&asset=&ccode=__ |
