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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (485007)	6/1/2009 10:41:25 PM
From: bentway	Respond to of 1573930

I'm about 95% long, 5% cash, with tight trailing stops on everything. I think there WILL be a strong bull market for a long time at some point, but I don't think this is that time.

To: tejek who wrote (485007)	6/2/2009 8:32:32 AM
From: michael97123	Read Replies (1) \| Respond to of 1573930

I think it was david rosenberg formerly at ML who was on CNBC yesterday. He had called the recession, financial crisism market collapse et al in 1/2008. His view is this. 1. Bears are being crushed and will continue to be. 2. He is not convinced of fundamentals for recovery and views this rally as based on a possible false read of things being chased by inordinate amounts of sideline cash held by folks who missed the boat at 6500. 3. Good news causes rallies but bad news has little effect. 4. This will continue thru mid to late august when 3rd quarter signals start to pop up. 5. His biggest negative on the economy is employment. He doesnt see it turning around in a big way, thus demand is hurt and foreclosures and other defaults continue. this kind of mirrors my view of things and assuming by end summer we are at mid-9000s on dow, what to do then becomes the question.