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long_on_oil » Comments » BBBY

  • Insiders Are Selling into the Rally [View article]
    S&P earnings down over 80% last year and the market only fell about 45%. Any blip in earnings in the wrong direction could take this market to 5700 with no problem what so ever. I, like the rest of you, have lost about 40% since the market top, so I am very skeptical about this bear market and its legs.
    We are all becoming traders instead of investors and that is not good.
    I have bought and sold BAC so many times I am sitting on a very decent return but I am also totally out of financials right now because I believe the next shoe is about to fall regarding consumer credit and commercial credit. Watch the insiders, for the most part they know what is coming (unless they have been made so poor by the decline that they have to sell...lol).
    Apr 26 08:32 am |Rating: 0 0 |Link to Comment
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