buy this dip

Yes, hold on....just re-name your "trade" a "long-term hold".

 

40 more points huh? try 400 more points.

 

Stock is only 10% of the man he claims, hence the "prediction", LOL!

 

NOW TIME TO BUY THE DIP

Markets way oversold

Here is a yahoo finance summary of todays market activity

http://biz.yahoo.com/ap/070726/wall_street.html?.v=61

From what I gather the selloff is overdone.

LBO's will still continue

And $78 oil also isn't a big deal

Meanwhile, the upward trend that began in 2006 is still intact.

Best of luck to everyone

 

Important support was penetrated, but by all means, please buy this dip.

 

When you step back, this drop is rather puny, my gosh the dow has gone up 3000 points in less than a year.

 

I smell a rate cut! Yee haw!

Look at the 10 year plumet

 

It is reasuring that there is atleast one poster with a few functioning braincells who is able to put things in perspective.

 

There is very strong support (trend line) for the S&P in the 1480 area. We will probably flap around there for a good bit before moving lower. I'd be shocked if the "correction" (using the word loosely) is over here, in spite of rooting and cheering from Wall Street and Talking Heads, because there is much worse economic news to come...

Wasn't this a nice day! Let's take it to the Bank!

 

It was a great day until I lost my datafeed for my charting program at 1:10 cdt. It has not returned yet. Damn you Equis. I've lost it for a minute or two before, but never hours.