Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 686.96

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Dec 30 4:00 PM EST

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To: Seismo who wrote (34486)	7/2/2012 10:27:16 PM
From: gastrodoc	2 Recommendations Read Replies (2) of 220890

In my experience, bear markets occur when everyone is saying "I can't believe how hood things are". People are quitting their jobs for higher paying ones. They're selling their houses at a profit, and buying a bigger one. Interest rates are going up. Commodities are inflating. Equities PE's are expanding, to the point of overvaluation. Money supply is contracting. I look at these metrics now, and see no sign of any of these things occurring. This gives me the confidence to buy on pullbacks. I'm not saying that none of these things can/will occur by 12/2013, but for now, I think pullbacks are buying opportunities. We'll get other chances. The market left a gap below us, and will need to get filled eventually. I hope to take some profits before then, so I can buy it again <g>

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