JohnnyM

Sucker's Rally Approaching an End

Deepv...my sentiments exactly and the analysis is dead on!

What a hoot this market has been for savvy investors to hop on right after the market bottomed on that Monday and the current skepticism is the catalyst to keep it firm and nimble. Some will need to wait for the proverbial 'pullback' before pulling the trigger. God bless them!

So many get caught up in the media and public negativity that they can't see the forest for the trees and won't because of their steadfast beliefs. I would be pissed if I had missed the buy opp that was there when the financial guidelines began to change that weekend. Many will still scratch their heads in annoyance that they missed the easy money and wonder still why anyone would still be buying this market. Buy selected stocks that will do well in an up and down market on Monday and you will be well rewarded next year if you have the guts and stomach to hold. I loaded that Tuesday because.... many great stocks were so cheap, the rules were changing as expected, the gov't was making moves and O'Bama began to tone down the pessimism. Secret recipe for a light at the end of the tunnel. Actually, all that occurred was a change in sentiment and Spring was coming. We all feel good then.

The bottom has been seen in the stock market but not in our economic package. Try not to relate them, that's where you get derailed. Hopefully some of you will go back to past recessions and view the stock charts and put some cash to work before the next 10 or 15% shows up in certain areas. This is not complicated...don't make it so. Keep it simple.

What V shaped recovery? Look at the chart. Shorts are going to get a wake up call as some of us continue to climb the global wall of doom daily!

Bull market, bear market...bla bla bla. It's a market and the globe is looking to put cash to work as each day passes by. Which way do you think the trend will be, up or down? Some of the buy opportunities in front of us will not be seen again for many years. Load up at lows and hold on tight through the ups and downs.

Maybe DOW 8500 will be our ST top? If so, more will claim the pull back is coming.... of course at some point they will get their pullback and declare... " See I told you so! "


On Apr 18 11:13 AM Deepv wrote:

> The idea that stock performance = economic data is gonna crush you guys.
> That is predicated on great depression thinking. In great recession
> thinking one must employ valuation and remember we operate in a global
> economy with many positive secular trends. The days of making money
> (shorting) by trading a -headline are dead. Find me a person that
> does not know consumer is stretched? Yet in the horror of the market
> look how much Bed Bath Beyond earned in quarter ended Feb? It's incredible.
> You think that's gonna change? Why? What evidence. The market should
> not reward consensus view. This board still indicates consensus view
> is decidedly bearish. Good.