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Ready your sword...

Espaço dedicado a todo o tipo de troca de impressões sobre os mercados financeiros e ao que possa condicionar o desempenho dos mesmos.

Ready your sword...

por Surfer » 14/10/2003 11:46

Consider the following realities... 1)insiders are selling heavy 2)we are in the process of losing what was left of our jobs to places like India and the Philipines 3)there is no major "next thing" in the economy sufficient to engender a speculative business expansion (factory building/hiring/corp finance etc).... "Bull Market"
What we have is enthusiasm and euphoria... if we know that bottoms in bull markets are characterized by fear and pessimism and are to be bought...

Then this rally whose context is very suspicious should in my humbled opinion be sold.

The downside target for the S&P 500 remains at 500 in my opinion.

ALL US EQUITIES SHOULD BE SOLD NOW. -NO EXCEPTIONS... UPSIDE IS LIMITED AND THE DOWNSIDE... -profound

By: Damon Vickers
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