mr clark

Sobering Stat: ARMS Index Indicates Market Is at Peak, Not Bottom

many of us who watch these markets closely bought the crash, i was pounding the table to all who listened to buy in March...

now im telling them to sell, as most of the plays we found value in are now 2,3 500%+ higher and not looking so cheap anymore, p/e, p/s, p/book for many stocks are very high now and the financials... hell they dont even have to report an honest balance sheet, many are borrowing at no interest and some like AIG and FNM are not even paying interest on certain obligations, so no reason to take on risk with those...

the only thing to continue to speculate on is energy, one of the few sectors where there is still somewhat steady consumer spending... if dollar goes where it should (down), if oil can break 75 and nat gas can put in some kind of bottom, this mkt will be worth trading higher... otherwise protect the gains you should have made off this great rally!