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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Leebert who wrote (11854)	9/26/2007 12:19:29 PM
From: Smiling Bob	Read Replies (2) \| Respond to of 19256

The current market has a very short term memory GM went up when the strike began and went higher when it ended All news is good news. Bad news means good news is coming. Short of some huge tragedy, there seems to be nothing that will send this market reeling like it should. The market should be preparing for a recession, but it doesn't. WS now trading as if recession will be averted by series of rate cuts. Little weight given to housing anymore, which is what is leading us into recession via decreased consumer spending. Retailer warnings mean nothing. If BBBY reports bad numbers when WS is giddy, they'll paint a happy face on it and bid it higher. WSM up today. Why? I'm watching WFMI shoot up on some baseless upgrade. The stock and products are way overpriced already. Challenge of upgrading underperforming acquisition amid depressed economic conditions doesn't normally earn a 38 PE supermarket another 5% premium. Only in the euphoria that currently exists does this occur WS is betting wrong, but they can afford to do it much longer than I can afford to bet right. Stocks like CROX and AAPL that do trade lower, only do it intraday. They drop a buck, but then return to positive 30 minutes later. Every thing's a buy and every dips a buying opportunity. FXI and China market look too much like the tech bubble. I guess all markets now use India and Asia as a barometer of the economy. These are not much more than 3rd world countries, with most of the population living in tin and mud huts and support themselves selling 1 oz bags of meal worms. Setting example for the US no doubt.