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"What's due to happen is what's been happening until it doesn't
happen any more" (Jimmy the Greek)
Fundamentally, where will money go? Bonds? I don't think
so. Bond rates are barely above, (if at all), the inflation
rate. If one doesn't believe in U.S. companies and the U.S.
economy, then there are plenty of ADR's out there on American
exchanges. Many American based companies are now world wide
businesses no longer dependent only on the U.S. economy. The Fed
will not hurt the market much now regardless of if they do nothing or cut
again since doing nothing proves the economy is ok and cutting provides
short term relief.
Technically, we are no doubt over-bought but that can be corrected in
less than a week and then, it's back to "where do I put my
investment money?" The commodity story is solid, world
wide. Tech is now realizing the dreams that drove the NAS into the
bubble of 1999. Financials are under-valued due to sub-prime fears
and are poised to come out of those fears. Housing recovery is
ahead but far enough ahead to be a future driver of the markets.
Retailers are in some trouble, (especially the low and lower middle end)
and I expect the high end to begin to hurt as the wealthy look toward an
end to the Bush tax decreases and a Democratic government that will add
even more taxes to placate their voting base. Still, over-all ..
the market appears compelling to me and while I will short it from time
to time, I will consider any serious pull back to be a buying
opportunity. (At least for now). The day may well come that
our children and our younger members here will have to pay the checks we
are writing today but not now. For now, I am still holding a lot of
cash and making great returns playing small cap, under-valued, China
stocks. (The best of which is SDTH)
Good luck to all of you
Bob
At 12:59 PM 10/5/2007, you wrote:
Let's have some
discussion here!
Will today's spike up move mark a high from which the
markets will decline or are we headed higher next week?
Since yesterday was an inside day for the indices,my work
indicates a high today and a decline to around 10/17. If we reach a
higher high on Monday, the forecast has failed.
If you express an opinion, please explain your
rational.
Regards,
Jim White
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