More on Consumer Sentiment: It's the first rise for the composite index in 3 months. Current...

This news story has 9 comments:

Register or Login to rate comments »

J 457 Comments (865)
 
Expectations for future growth dropped again. Looks like people aren't that confident good times are here again. Now listen to the bulls as they tell you to go buy SPX 1,410, I'm sure that will have a good ending.
17 Aug 2012, 10:17 AM Reply Like

enigmaman Comments (2646)
 
J- You said " Now listen to the bulls as they tell you to go buy SPX 1,410. "

Many have been saying this to their benefit since SPX 666 and many like yourself have been echoing what you've said "I'm sure that will have a good ending."

So far you've been wrong but you may one day be correct but who when that will be, butr in the mean time the markets continue to climb the proverbial wall of worry to your chagrin
17 Aug 2012, 11:16 AM Reply Like

J 457 Comments (865)
 
So, you think now is the time to buy stocks and there is still room for advancement in SPX?
17 Aug 2012, 12:12 PM Reply Like

enigmaman Comments (2646)
 
What do you think?
17 Aug 2012, 12:25 PM Reply Like

Tack Comments (9260)
 
The pessimists have been screaming nonstop, almost since 666, that's it's a "fake rally," a "fake economy," etc. It looks like they were the ones faked out. Many are still disbelieving, just more indignant.

And, whenever the next 25% pullback does arrive, they'll all proclaim victory, quietly disregarding the 100-125% increase that occured before that correction. Funnier yet, they'll not buy, once gain, on the dip, proclaiming a new end of the world, and the cycle will be repeat itself.
17 Aug 2012, 12:27 PM Reply Like

J 457 Comments (865)
 
I think fair value is in the 1,100-1,200 range and that's where I would reinvest. Buying in or investing new money at 1,410 with the many economic headwinds is simply not justified. Albeit there are always a few exceptions. For example I think coal sector is still undervalued based on potential for global inflation and QE. However, looking at companies like AMZN, PCLN, and AAPL, for me not worth the risk/reward at this level.

Better chance of market going down from here, barring more govt/FED manipulation.
17 Aug 2012, 01:47 PM Reply Like

Koshien Kid Comments (118)
 
Election years are almost always good for Mr. Market. It is irrational behavior, but many investors project their hopey-changy feelings onto the prospective election results, and become optimistic when they should really be cautious about what can shake out of Washington.
There is a reason the Founders put their capital in a swamp...
17 Aug 2012, 12:51 PM Reply Like

Whitehawk Comments (2799)
 
These expectations are being priced into the market....
17 Aug 2012, 01:20 PM Reply Like

tom_t Comments (153)
 
And so are expectations for lower inflation. Only one camp is going to be correct.
17 Aug 2012, 02:11 PM Reply Like