Now the biggest market TIMER & AUTHORITY on Market movement has said his $150,000 worth of PAID sermon......................the markets can go about its business.
Mr Greenspan proudly declared his portfolio back in Fed Gov days & it consisted of "0" stocks...he was in CD.
No wonder perfectly NORMAL & INTELLIGENT investors pay so much attention to his NON-EXPERIENCE in selecting stocks & TIMING the market.
Mr Greenspan accurately predicted IRRATIONAL EXHUBERANCE in 1996.....it was only OFF TARGET by 4 straight years when Nasdaq went to 5000+...............today Nasdaq is @ 2577.
So with Mr Greenspan ACCURACY rate of -400%........we should get back to our OWN analysis of where the markets are.......& where it is heading.............and it is UP in a very SUSTAINED & RESTRAINED manner.............where SKEPTICISM builds and we keep going higher...with QUICK & SHARP reversal along the way.
Nice to see that some stocks in pre-market are actually GREEN not GRENSPAN.
Shanghai was down 1/2 % equal to 12 nasdaq points...after setting 500 alltime HIGHS in the last 2 years.
Pre market green includes RIMM,AAPL,GOOG .....all strong stocks to name a few.
STP reports on tuesday AM.......expecting STRONG TAPE today & on Friday.
Hopefully JNPR will continue its march to another 52 week high today...did one yesterday.... until ENQUIRER/GLOBE/STAR headlines hit the markets.
Now we have another SEXY star Mr "G" to challenge Lindsay Lohan & Paris Hilton for the headlines......same FLUFF no SUBSTANCE.
NVDA will try to regain its footing today also.
Please do your due diligence.
BLOG does not give buy or sell.
Saleem
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