DA MAN
Markets continue to fluctuate between green and red give or take 100 DJIA points and a big move higher or lower wouldn't surprise me or anyone else who watches these amazing screens all day.
Liking the RUT/NAZ/BIO leading and green so maybe a good sign.
Love that Cramer commercial where he call for the end of long term investing- just wish he would have mentioned it last Fall when the SPX was at/near 1575.
And would anyone be surprised by a 1,500/2,000 point move higher in the DJIA any time soon depending on when these hedge funds that are liquidating finish?
posted by DAVID at
2:17 PM
5 Comments:
i think a move of 1000-1500 points is coming in the next week---question is which way?
I guess u think it is going to be up?
That is my guess
Maybe it started today or is this options hocus pocus?? And then we get the typical downdraft the week after options??
I'm thinking that between the liquidations and expiration, it would be wise to sit on the sidelines until Monday. Hopefully by then the smoke will have cleared some and we can start to see some calming in the markets. There are so many "cheap" stocks right now it is hard to figure which ones to start nibbling at. I'm thinking (long-term holds) of starting with the following:
MSFT, PFE, PM, MO, WDC, FCX and AUY.
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