Jump to content

Revenge


Guest

Recommended Posts

from DailyReckoning.com

 

Business Week interviews 65 of the 'smartest

players' on the street and, guess what...62 of them say

that stocks will go up in '03

 

Ooooo-kay, if that isn't a sell signal I don't know what is!

 

Boy that was some spectacular Santa Claus rally!

Are those the same ones that said:

 

A. the market always goes up 9 months after the Fed starts lowering rate.

 

B. The market never goew down two years in a row.

 

C. The market never goes down three years in a row.

 

D. V-shaped recovery - 2000, 2001, 2002

 

Is that them?

Link to comment
Share on other sites

  • Replies 158
  • Created
  • Last Reply
from DailyReckoning.com

 

Business Week interviews 65 of the 'smartest

players' on the street and, guess what...62 of them say

that stocks will go up in '03

Thats what they said, not necessarliy what they believe or that they're not selling the heck out of their own portfolios and options.

 

 

If silver passes 4.75, its off to the races. That was the line in the sand last May when it made a rapid ascent to 5.00+.

Link to comment
Share on other sites

from DailyReckoning.com

 

Business Week interviews 65 of the 'smartest

players' on the street and, guess what...62 of them say

that stocks will go up in '03

 

Ooooo-kay, if that isn't a sell signal I don't know what is!

 

Boy that was some spectacular Santa Claus rally!

Are those the same ones that said:

 

A. the market always goes up 9 months after the Fed starts lowering rate.

 

B. The market never goew down two years in a row.

 

C. The market never goes down three years in a row.

 

D. V-shaped recovery - 2000, 2001, 2002

 

Is that them?

can't say for sure but I bet it is.

 

More over-optimisim in:

 

AAII/II surveys

70-80% equity allocations per Wall St Strategists

low VIX

low PCR

Small S&P traders are very high net long per COT

 

 

2003 is going to be a horror show.

Link to comment
Share on other sites

Why? After having a killer first six weeks of 2002, I doubled up at the February low expecting a crash. No stops. Got stubborn. Got blown out. Dumb.

I have a mental block on stops. I don't have stops on any of my positions. I want to use stops but I don't know how close to put them. I was just about to take my almost 10% loss on IBM at 88 then the garbage came back down. Today IBM looks really bad.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...