Problem is the people who think they haven't lost anything have just transfered the payments from the banks to their accounts. Can't wait to see the look on their faces when they finally get the bill.
Mutual funds cash levels 3.5% lowest since 2007. I guess the Federal Reserve could wire Goldman Sachs 100 billion to keep the rally going. I just don't know were the money will come from, China,Greece?
Thats what my dad did, he just sat there. I know alot of people who jumped ship. Most of the sour folks are upset they got out of the market, now every day it goes up they get more upset. Lets face it they were dooped. The media, did there job by making folks panic.
Thats what my dad did, he just sat there. I know alot of people who jumped ship. Most of the sour folks are upset they got out of the market, now every day it goes up they get more upset. Lets face it they were dooped. The media, did there job by making folks panic.
That strategy failed in 2000/2001. However this one was brilliantly engineered, a Presidential election, China temporarily stops stockpiling commodities in Aug. 2008, banking crisis, US auto makers at the begging bowl, good time to get rid of Lehman and Bear, etc. etc. Wall Street needed a fire sale and by golly pulled another one off.
"NO PULLBACKS" Market Tips: No Pullback, Stocks to Go Higher Published: Tuesday, 13 Apr 2010 | 6:53 AM ET Text Size By: cnbc Global stocks were lower on Tuesday, moving away from 18-1/2 month highs. As the Dow closed above 11,000 on Monday, experts told CNBC that they are bullish on stocks, especially U.S. stocks. Upward Trend for Stocks in Q2 Philip Niem, head of Asian discretionary portfolio management at Barclays Wealth sees equities trending higher in the second-quarter. He also talks to CNBC on his allocations for a portfolio designed for capital growth, on this installment of Protect Your Wealth. Overweight Equities Didier Duret, CIO for ABN Amro private banking is overweight on equities, corporate and emerging market bonds. He discusses his strategy and view on the global economy. US Markets Likely to Post Further Gains U.S. markets are set to move higher in the intermediate term, predicts Yu-Dee Chang, principal & chief advisor at ACE Investment Strategists. He offers his outlook for the U.S. market. US Stocks Offer Good Value Kirk West, executive director at Principal Global Investors, expects a good profit season to lift U.S. equities and sees further upside over the next 12 months, especially in tech and consumer discretionary stocks. Put Your Money in Bank Stocks Don Williams, CIO of Platypus Asset Management says put your money in the banking sector. He discusses these and other investment strategies. Risk Trade In Favor Michael McCarthy, market analyst at City Index says risk appetite is clearly higher for now and he favors long trades for the Kiwi, Aussie and Canadian dollar. Strong Commodities Sector, Despite Alcoa Aluminum and other commodities might see a pick up in trade despite Alcoa's low earnings numbers, says Juliana Roadley, equity market analyst at CommSec.
the main question what your dad is going to do. There will be crash again maybe in 6 months maybe in 2 years. I believe sooner than later Is he going to sell ever or wait till DOw 36000? Noone is buying now -if we ever get one red month - folks who broke even will start selling