So, what did you buy today? Or is this another thread where everyone says 100% up room and 0% risk, but nobody will even dare to stick their neck out?
You know this correction has been so bad I had my wife buy a bong when she was out. Need that clean feeling. The next day-sign of 4 Imix begins a 20-day period that runs down the center of the Tzolkin calendar. The Tzolkin has 13 columns That would be a 13% rally then ( the Tzolkin column count) in 20 days BuyLo! Are you ready for THAT!
So funny. Kramer says market tested bottom and buy on Fri night. Then Monday changes mind says stay on the sidelines. Next day... Kaboom! I'm actually starting to feel sorry for him. Anyway I'm having a debate with myself on the following point. If we cripple crawl up and the explode on Friday as I hope we do- taking back a good chunk of last weeks decline. Will That be the V Bottom? Or is Kramer right? Did we have a retest of lows last week? In such a short timeframe, can you? I don't think so. 4%-6% correction and a retest late last week?- Or V Bottom rally that gains momentum each day and explodes on Friday...Which is it?
Could be "V" bottom but we'll come back down again to test these lows soon. the housing/subprime story is not going away quickly. Spring housing will be scrutinized very closely and personally i doubt the news will be good. credit is catching up and unless we get another rate cut, it may be payback time soon. that will take time though to come out into the open http://lauristonletter.blogspot.com/
20 minutes ago he said the financials have bottomed. Tune into tonight around for the first 15 minutes to here is review of where the market is headed. TOO FUNNY.