BoyGenius
Cyber Bully Victim
Here's an interesting article debating if we are at the bottom and why:
Will the stock market rally stick, or vanish?: Financial News - Yahoo! Finance
These are what I consider some notable, but conflicting points.
They talk about pumped volume, but go on to say this:
"Everyone at cocktail parties is talking about how they've moved into cash."
If the average Joe is in cash, who's doing all the so-called buying?
They say big institutional investors are buying:
"Pension funds, mutual funds, and insurance funds began snapping up bargain stocks last week after sitting things out for a while, said Stuart Frankel & Co. president Jeffrey Frankel, who works on the floor of the New York Stock Exchange."
I like to use this site to verify that:
Mffais Home Page
If you look at who sold and who bought some popular stocks, I'm not convinced there's been a lot of new buying.
Another notable quote in the article, which eludes to the questionable statements above about volume:
"It's difficult to differentiate between short-covering and regular buying, but floor traders last week estimated that between 50 percent and 60 percent of Tuesday's 379-point jump in the Dow was due to short-covering."
What's it all add up to? Are we going up or down?
Put me down as saying this rally may end as soon as Monday or last for weeks, I cant say which no better than anyone else, but I'm firmly convinced we will down again, and it will be hard and painful when we do. None of the underlying problematic fundamentals that got us in this mess are fixed, but you'd never know that from watching the joyful crowd on CNBC these days.
Will the stock market rally stick, or vanish?: Financial News - Yahoo! Finance
These are what I consider some notable, but conflicting points.
They talk about pumped volume, but go on to say this:
"Everyone at cocktail parties is talking about how they've moved into cash."
If the average Joe is in cash, who's doing all the so-called buying?
They say big institutional investors are buying:
"Pension funds, mutual funds, and insurance funds began snapping up bargain stocks last week after sitting things out for a while, said Stuart Frankel & Co. president Jeffrey Frankel, who works on the floor of the New York Stock Exchange."
I like to use this site to verify that:
Mffais Home Page
If you look at who sold and who bought some popular stocks, I'm not convinced there's been a lot of new buying.
Another notable quote in the article, which eludes to the questionable statements above about volume:
"It's difficult to differentiate between short-covering and regular buying, but floor traders last week estimated that between 50 percent and 60 percent of Tuesday's 379-point jump in the Dow was due to short-covering."
What's it all add up to? Are we going up or down?
Put me down as saying this rally may end as soon as Monday or last for weeks, I cant say which no better than anyone else, but I'm firmly convinced we will down again, and it will be hard and painful when we do. None of the underlying problematic fundamentals that got us in this mess are fixed, but you'd never know that from watching the joyful crowd on CNBC these days.
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riding on free shares!! yeahhh
).
