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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: sandeep who wrote (2621)11/29/2013 2:24:33 PM
From: Fintas  Respond to of 3209
 
We will find out in time.

Yet if you look at it objectively. Better 1458 than 972. With the advantage of hind sight it's easy to now see that the concern was the break down to lower than that 1270 I put up back then to much lower, Thus the QE3, debt ceiling push out and cap gains changes. All helping for the up but now we are in excess and when I hear responsible folks say we are NEAR a BUBBLE and still suggest buying I think to myself.. OK so I guess one waits till they are IN a BUBBLE and then watch it go POP.

The consequences being what could have been just a nice 10-12% correction now can turn into 20% and that's initially for if the chit is out there then those suggesting 972 and lower are not far fetched.

As i was saying to one this AM who lives in Abu Dhabi but is sitting in a hotel this AM due so some horrific storm that had them evacuate the area they resided. I said ..there sure are a lot of things out there to bring this market down that many just are not considering. Whether it be Syria, Iran, China, Brazil and so on on so forth.

And his response was YUP.

That's all I need to keep me objective.

Thus those who want to buy. Be my guest.

Hope you had a nice t day.

As for 1600. That's all over the place for any who want to see it. Just as 1628.1648/1682 are.
Fintas