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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (39397)	10/24/2012 11:25:22 PM
From: Keith Feral	2 Recommendations Respond to of 219263

I think a lot of the QE3 rally was all BS, with nothing but momentum buyers bidding up everything in sight. It didn't take much effort the last 2 or 3 days to put the market right back to where the market was before the QE3 rally. I thought the market looked pretty decent on a valuation basis around 13,000 before things got pushed up too quickly. A couple stocks are more expensive than they were a couple weeks ago, but mostly they are lower. The one thing that stayed elevated throughout QE rally and pullback has been bond yields. Bonds are liking the recovery in housing this year, which is going to turn the economy around one of these days. The past 4 years was very unusual recovery since it took so long to clean up all the losses from the housing bubble. That's mostly out of the way going into 2013 to 2018.

To: Wayners who wrote (39397)	10/25/2012 4:08:07 AM
From: GROUND ZERO™	Respond to of 219263

I think so too... so far, buying the "dip" has been wrong... although, these markets are now finally oversold, so we could see some buying today... GZ