SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lucretius who wrote (34807)10/29/1998 4:39:00 PM
From: joe smith  Read Replies (1) of 132070
 
lucretius,
im beginning to think fundamentals mean squat in this bull(shit) rally we are having. i am and have been about as bearish as one can get and have been that way since january of this year. i just dont like stepping in front of this train too soon. ive done that a few times this year and dont want to be in that position again. i have some longs but only because i bought them earlier in the year and they are at a loss. i also have about the same amount of dollars in shorts. they have been offsetting each other pretty well in this last run up. when the world is perfect again and i am tempted to test the long side, i will sell the longs (even if at a loss) and go 100% short.

i am surprised how long things are holding up this time. i see another big push to 8800-9000 before things turn down again. i can see this starting this fri/mon. by that point people will be so giddy . then it will start pulling back. how low i wont guess for the short term. as for longer term i still feel 4500-6000 is in the cards. s&p earnigs for this qtr show a decline over last year same qtr. that is the first time since 90/91. they are lowering q1 and q2 estimates already. yet we push up up and away. in time fundamentals will win out. will i have any cash left is the big question.

js
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News