Archman Investor

Will 2009 Bring Ring Three of the Financial Circus?

Here is what I like about this article:
It is a rational, thought out piece that keeps you right in the middle of the road. Not to bullish, not to bearish. It keeps you in the game, yet thinking of the real problems that still exist out there.

Completely refreshing.

Anyone else read the papers over the past 2 days or watch the TV?

Apparently everything is OK now in the world, country, and economy.

I can site (though I won't because I don't want to bore you), atleast a dozen different articles and 100 different "experts" who are calling market bottoms, etc.

Funny thing is, most of these people were the same people telling you to buy at DOW 14K, and keep buying all the way down.

Isn't it amazing how they can now just sit there and claim they were right all along just because the market has been going up on no volume for the past 3 weeks?

Heck we could end up 30% this year with no problem. The Federal Reserve, the Treasury and its "partner" trading desks can see to that.

Keep in mind, according to the work I have done, the 30 year continuation uptrend line for the S & P 500 is at 750 (as of 1/4/09)

Please note I make no claims that this the "end all" solution for the stock market.

Anything above 750 is considered above trend. I guess we can just go to bubble number 3, have the Fed/ Treasury push the markets up, then just as mom and pop get back in, pull the rug out and down she goes.

I just do not see why the market cannot be left well enough alone and start from 750 and return 10% / yr (with dividends) for the next 20 years, instead of up 30% one year, down 12% the next, up 8%, then down 35%.

Best of luck to all, and again, good article.