That's news to me. I think Gross has a long-term picture -- granted, he misses out on bull runs like this -- but in the long-term, he may be right.
Yeah there were a few articles (one of cbs marketwatch) where gross was interviewed in the last week or so, and he said he has finally converted to the bull camp.... I'm neither long or short other than intra-day right now for all those who are curious . Goodluck,
I feel that this will be another buy rumor (now) & sell news (earnings). I can see the market at least taking a break when earnings start to come out. You may see all the market pundits on cnbc & bloomberg say (once the market is dropping during earnings) the old cliches like "price is already baked in the cake" or "priced for perfection". Just my 2 cents & btw i'm short (but not the farm).
I was short myself but around 11 I covered and I went long. At 1 I thought I would be a double loser It was tough but after 2 I was convinced I did the right thing. Bought more and at close and aftermarket I cover 75% of my position Well I got lucky and I recover Mondays and Fridays loses and some more. If there is a follow through I am positioned I think I will start to have smaller size, it was very tough the last two days. Hamb
the market has a way of driving everyone crazy maybe tomm it will retrace back down to fridays close ( why ? because I am slightly long overnight )
As I said late last week on one of these TOP CALLERS threads, if the December S&P gets above 1133, watch out, cause the next target will be 1177!
What would happen to the Bonds and S&P if we had a pretty DRAMATIC short-covering rally in the Dollar? Can you say Moonshot? Sure, I knew ya could!