What is up with this? Over 9% unemployment in US, possible defaults in the EU, governments can't agree on squat on in USA or Europe, massive debt everywhere and yet the market rises.
Computors say buy? or just all the gurus saying it's a great buying opportunity?
IMO, this market should be in the shitter. Here and abroad. I'm no expert on the markets but I can't find a reason to be on the plus side today.
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To remove first post, remove entire topic.
What is up with this? Over 9% unemployment in US, possible defaults in the EU, governments can't agree on squat on in USA or Europe, massive debt everywhere and yet the market rises.
Computors say buy? or just all the gurus saying it's a great buying opportunity?
IMO, this market should be in the shitter. Here and abroad. I'm no expert on the markets but I can't find a reason to be on the plus side today.
I thinks its a simple market bounce gambler 315. Its quite logical IMO given how much it has sold off however logical doesn't necessarily mean smart. Today is a day for bargain hunters and short covering alike. I can't predict the future but buying today seems a bit premature. A market bottom is not an event but a process and I think we're not there just yet. This correction could be weeks, months or even years in the making but there's nothing that says "buy at these levels" for me. Good luck.
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I thinks its a simple market bounce gambler 315. Its quite logical IMO given how much it has sold off however logical doesn't necessarily mean smart. Today is a day for bargain hunters and short covering alike. I can't predict the future but buying today seems a bit premature. A market bottom is not an event but a process and I think we're not there just yet. This correction could be weeks, months or even years in the making but there's nothing that says "buy at these levels" for me. Good luck.
Thanks Cave, I got out last August on what I saw as BS. 100% into bonds since then. I wouldn't even look at a stock in this market. As the guru's touting a buying opportunity are full of shit, IMO.
But again, I'm far from an expert on the market.
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Thanks Cave, I got out last August on what I saw as BS. 100% into bonds since then. I wouldn't even look at a stock in this market. As the guru's touting a buying opportunity are full of shit, IMO.
Well the act of going into bonds in August shows you're probably better off than 97% of the people that are invested in the markets. Maybe pat yourself on the back for a smart move on your part.
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Well the act of going into bonds in August shows you're probably better off than 97% of the people that are invested in the markets. Maybe pat yourself on the back for a smart move on your part.
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