Seeking Alpha

There's little left to gain in buying stocks right now, says market strategist Bill Strazzullo....

There's little left to gain in buying stocks right now, says market strategist Bill Strazzullo. "The risk/reward doesn’t make sense. It's like walking through a mine field to pick up a quarter." He suggests a waiting for a pull-back to his anticipated bottom of 9,000.
Comments (21)
  • tunaman4u2
    , contributor
    Comments (3409) | Send Message
     
    The problem Bill is that the bottom is whenever Ben says he's printing... 9000 is no bottom if we go into a no QE deflationary spiral... thats anyones guess.

     

    I personally am a fellow bear BUT random bottom calls seem useless. I wait for QE3 & not an arbitrary number.
    19 Aug 2011, 07:30 PM Reply Like
  • fxmaven
    , contributor
    Comments (1455) | Send Message
     
    Short the upcoming "lead up to QE3/Jackson Hole" relief rally.

     

    Not sure if S&P makes it back to 1170 or max 1200 level next week,let's see.
    19 Aug 2011, 07:30 PM Reply Like
  • tunaman4u2
    , contributor
    Comments (3409) | Send Message
     
    We all know Ben can print, him reiterating that would be useless, its put up or shut up now Ben.
    19 Aug 2011, 07:33 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4079) | Send Message
     
    This is like a summer theater with too many people preaching doom. Some people make money by making other people sell in panic. Those doom "slayers" pick up the stocks cheap when their self-fulfilling prophecies have become true.

     

    Given the current economic situation the market is already oversold because this is all based on rumors and doom - it certainly is not based on economics or earnings. Kindergarten. I suggest throwing chicken bones and reading the bottom of the DJI from the pattern - lol.
    19 Aug 2011, 08:40 PM Reply Like
  • tunaman4u2
    , contributor
    Comments (3409) | Send Message
     
    Bulls were only proven "right" by printing money in March 09 & summer of 10... the reality is that the last round of QE has bought 800 points on the DOW & .1% unemployment.
    Next QE to prove the "doomers" wrong will actually prove them right as the costs will certainly outweigh the benefits... hell it already has
    19 Aug 2011, 08:51 PM Reply Like
  • Spencer Knight
    , contributor
    Comments (416) | Send Message
     
    Q2 earnings have been worse than Q1 earnings. I haven't checked every company in the stock market, but many are expecting economic slowdowns. This is in tune with a predicted economic slowdown by several nations. Throw in essentially two large "bailouts" in Greece and the United States and the worldwide economic system is in trouble. I am considering the debt limit being raised as a bailout since it is essentially allowing someone to give the United States more money to spend. Of course where the money comes from is a question mark but that's a different story.
    19 Aug 2011, 11:41 PM Reply Like
  • $CLU
    , contributor
    Comments (212) | Send Message
     
    Agreed TruffelPig,

     

    In 2 months (~October), it will be time for institutional investors to make the bonuses for Christmas. Anyone bringing out the scare will be branded a "epistemic narrator" and characterized as worthless.

     

    Then in March, another worry then a slide down into May. A bump for June (cause it summertime!) and slam for August (gotta compress the spring for a bonus pop by Christmas). Then time again for the bonuses because my kid needs the Apple toy with the Steve Jobs action grip. Booya!

     

    ps. Oh, and I'll flash crash gold when it gets to the $850 inflation adjusted from Jan-1980 just to see your face .... and smile.
    20 Aug 2011, 04:27 PM Reply Like
  • Venerability
    , contributor
    Comments (3043) | Send Message
     
    I truly believe comments like Mr. Strazzullo's are very close to treason.

     

    Either Americans are all part of a Social Contract, with the Greater Good on everyone's conscience, or what just occurred in Greece and the U.K. is coming here very soon.

     

    And either we all want functioning Markets, or we're willing to settle for computer games in Market guise, in which case, let's all abdicate to that potent duo: Organized Crime and Robots.
    19 Aug 2011, 08:48 PM Reply Like
  • fxmaven
    , contributor
    Comments (1455) | Send Message
     
    you probably believe in democracy and justice too. there is no greater good, just everyone for themselves. The lie of the US political system is now clear for all to see, always was, always will corrupt just like every other country.

     

    I am a totally amoral investor, war in middle east to increase oil profits, tobacco, high food prices for ag stocks, is all good with me.

     

    long gold,oil, ags, tobacco, utilities ; short financials, tech & IWM.
    19 Aug 2011, 09:25 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1212) | Send Message
     
    Why stop at 9000?
    19 Aug 2011, 10:39 PM Reply Like
  • golfitobob
    , contributor
    Comments (2347) | Send Message
     
    QEssssssss

     

    Remember 4 months into QE 2 and the 10 year @ 3.89% ?

     

    I would have loved to be a fly on the FED wall then. What too do !?

     

    Well the brains in DC did what they always do..... Create fear.

     

    A social revolution in the Middle East....... A massive peaceful uprising with thousand dying and getting hurt..........

     

    Nothing like an event like that to send the world pouring into the safety of US paper ! No matter that it was pumped out over GOOGs pipeline by one of the agents ( oops boys) and that Facebook and all the other avenues joined in.

     

    They were pawns. Or were they... Zuck does seem to be pals with Barry.....Even wore a tie.... What did they chat about at dinner ? Hey, I can use your help...............hmm...

     

    Now, it is worse in Egypt's as the military is back as ruthless as ever and Syria is killing everyday. And, Yemen is out of out boys control and MY ISRAEL is preparing for war.......

     

    But, now that the Bonds are back the Middle East.. What Middle East............ Let them eat flafels..........

     

    Whoa..........The yield is safe for a while, but, when QE3 comes and the vigilantes can't have smoke blown up there butts and the market is 6500........Will there be leapers on Wall Street again ?

     

    No, i didn't mention all the free or 1/4% yieled money Ben gives out to help him buy the 2.2% Bonds .. But, don't worry.. He promissed them he won't raise rates. SAFE

     

    Sure hope soooooooooooooooo........

     

    Here is a link from the other chain. Read what is coming to a city near you......................

     

    www.amcostarica.com/07...
    19 Aug 2011, 11:54 PM Reply Like
  • stevegrowth
    , contributor
    Comments (109) | Send Message
     
    If QE3 coming which stock will perform the best?
    20 Aug 2011, 04:49 AM Reply Like
  • fxmaven
    , contributor
    Comments (1455) | Send Message
     
    Gold, Oil,Copper, Rare Earths
    20 Aug 2011, 09:11 AM Reply Like
  • d_wise_1
    , contributor
    Comments (16) | Send Message
     
    you guys are all waaaaay too bullish over here, its disgusting. That's the trouble with bulls, they care about dumb things like growth and data instead of their irrational evolutionary-instilled feeling of fear and doom. I mean why shouldn't AAPL be worth more than all the European banks combined? It makes perfect sense. Hell, why bother with Dow 9000 or 6500? Make it simple: the Dow is going down to 30 points, $1 for each stock on the Dow! Yes, in fact, the whole Dow will be worth less than a dozen eggs, which will cost more than $30. Screw the quarter and the mine field! Investing in the Dow will be like walking across a street full of cluster bombs, just to get buy a dozen eggs. BOOM! DONE! See how simple that was?

     

    ROFLMAO.....
    20 Aug 2011, 12:35 PM Reply Like
  • fxmaven
    , contributor
    Comments (1455) | Send Message
     
    What are you talking about ? I'm forecasting a relief rally to S&P 1170/1200 on some fake european bailout news, then eventual slide to 800, FV 950, with some bear market rallies in between.
    20 Aug 2011, 12:44 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4079) | Send Message
     
    When the politicians in Europe and here are back from vacations they will pump the market up somehow. S&P 800 is nonsense because it would be based 100% on fear and 0% on valuation. Companies are in better shape now than in 2008/09 when the 800 was crossed for a short time. We could right now be in the same situation as in 2002 or so and you would be WRONG. No one knows where we go from here. Factually most stock prices are currently under fair value.
    20 Aug 2011, 02:06 PM Reply Like
  • fxmaven
    , contributor
    Comments (1455) | Send Message
     
    Not with increasing unemployment, declining profit margins, and massive bank write offs. The sovereigns have to deleverage, - high inputs costs and austerity will kill profits.

     

    Politicians and Central Banks are impotent after fiscal insanity and QE1,2. They can do virtually nothing, and any rally based on CB intervention is a shorting opportunity.
    20 Aug 2011, 05:06 PM Reply Like
  • Atkins
    , contributor
    Comments (1046) | Send Message
     
    Money is flying out of this market. I am not comfortable suggesting that it's a "good" time to buy stocks. I see lots of purported "bargains" but will not touch them until they are better bargains.
    20 Aug 2011, 09:08 PM Reply Like
  • fxmaven
    , contributor
    Comments (1455) | Send Message
     
    Smart. Bear rallies are there to provide fuel for the shorts, not to offer good long holdings.
    20 Aug 2011, 10:26 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4079) | Send Message
     
    Ya, right now everyone should buy dividend paying stocks so that the shorts have to pay up ;P. I do so.

     

    The bears fed enough, they are full with oaks and fat and need to go to winter rest. Next May they can wake up again.
    20 Aug 2011, 11:05 PM Reply Like
  • golfitobob
    , contributor
    Comments (2347) | Send Message
     
    I love the term EVERYBODY IS SELLING..........Love it.

     

    I always though you needed a buyer to sell ? Maybe it is just me ...

     

    Somebody is buying all this stuff...........Has to be......

     

    Who gives a poop.I am long silver and SH..........New higs almost everyday for a month....................

     

    EK and CLWR went yesterday............... Silver is breaking out and the only new addition was TBT.......It is Up a bit and got a stop ,but, crap.....Who invests for 10 years under 2% ???????????
    20 Aug 2011, 10:31 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs