are you don harrold? btw i do somewhat agree with the thread starter. we capitulated thursday, so the edge is to the bulls. Historic oversold levels by mcclellan. Probable we bounce some. Bought some nice cheap SPY calls fridays open that rose 40% in one day.
So everybody is Bearish? Really? I would say everybody is trying to figure out when to buy this market, not sell it....Just look at the replies to this post. Dude, This is what happens when a market goes up on AIR or weak volume. Doesn't it concern you AAPL is 17% of the NAZ? Where is the NAZ without AAPL? This market is sick.
everyone was looking for the great buying opportunity,that 10% pull back which is supposed to be normal. and guess what,we got it on friday at least thats what everyone says. so, everone is saying its a great buying opportunity,where is all the bearishish sentiment? we may open up on monday but i suspect we fall under 10k again.look at my posts from 2 weeks ago. i said we will dip below 10k but they will protect that level and we will bounce back. we did exactly that. i am looking for another big drop,phase 2.
If we revisit the lows of 08/09 plenty of countries and financial institutions would be unsaveable and saving those who do stand a chance of surviving trough govenment intervention would be very difficult to do because there is no more political capital available for Tarp II.
i agree that the sentiment is surprisingly bullish. i expected more bears given the velocity of the dumps we have experienced.
The sentiment is not bullish at all... the sentiment is bearish, the smart money is bullish the dumb money is bearish
Did you not notice the last 13 month non stop rally the markets have had to the upside where stocks have gone up hundreds and even thousands of percent higher??? Oil above $110, right, would like to see how long our economy could handle that for.