What a struggle today. Keeps going back and forth. I've been stopped out and got back in several times. Pretty rough. If the bulls can repel the bears and close green, that would give a lot of people confidence to join in. I imagine if we're close in the last hour we may see a big run into the close. Asia closed positive, Europe too. Why not the US? Yes I know the doom & gloom and we'll take out the 2002 lows. Just not now. Next year.
or, we'll touch the 2002 lows or may have already and we're set for the next great bull market. Climb towards S&P 2000 starting next year...
Today's action shows we have bottomed. No matter it ends in red or green. Market does not seem to go much lower. I am long as of today. Time now is 2:19 on Friday.
the new bull market began on october 10th dow 14K within 14 months wehn I say time 2 buy all dips you should all bad econ data alreayd priced in no onecares about fake recession or fake credit crisis buy goog ewz bidu ma pot aapl rimm
I am as bullish now about the US economy as I was back in June 2007 when the dow was at 14k. the US economy hasn't changed at all. There is no correlation between weakening retail sales and a protracted decline in stocks.