Discussion in 'Trading' started by makloda, Jan 27, 2007.
I forgot about the MMM share buy back over the next 100 years what a joke.
I am out until we get a real selloff, 5% fixed looks ok right now.
Wash and rinse.
This is insane, pure speculative fever, this is not investing its pure speculation, thats all you here when commodities run up you eveN hear it from Fed officials. Bet you wont here helicopter Ben say anything about speculation in equities, and they can go to ZERO, commodities cant go to ZERO.
Afternoon bounce... AWESOME $$$
its strange how the NDX cant get legs. Doesnt make longs feel as comfortable. Now the sp looks like its through its oversold condition.
The current P/E ratio of S&P 500 is the lowest in the last 10 years, making the stocks very inexpensive. What's really insane is that the S&P is still below 1900, which is where it should be, considering where its earnings yield is compared to 10yr bond yield. So, if you think that it's insane now, prepare yourself to see another 30% gain.
You must be looking at forward earnings, its like trying to predict the weather next month.
Once the sp runs out of buying power, the ndx is going to pull us down.
I am starting to sound just like the traders I talk about, these who cant buy into a rising market. gees what is happening to me I am loosing my edge.
Here goes going long 12676, stop 12602, extra wide! I am going to ride this up to 12750 tomorrow when our Fed chairman comes out and paints his first goldie locks economy, and puckers his lips for his first bubble.
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