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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: westpacific who wrote (65588)7/8/2006 8:09:43 AM
From: zamboz  Read Replies (2) | Respond to of 110194
 
2013-that is when the market will bottom.
Mayan Calendar ends December 21st, 2012 A.D. Some interpret this as the end of the world. The good news, plan on doing less Christmas shopping that year.



To: westpacific who wrote (65588)7/8/2006 2:07:37 PM
From: shades  Read Replies (1) | Respond to of 110194
 
Can you say DOW at 2000 points.

Phil says dow is too easily manipulated - too few stocks - that sp500 is best to watch for overall strength. Said 1260 wasn't broken - charts telling him to stay long - he expects a rally going into earnings next week where he will dump his last long positions and then short this market into oblivion unless the charts stay his hand. He agrees going forward earnings have had it. He says it is silly that the market goes up with less jobs created - less jobs - less folks buying stuff - earnings go down.