Markets got economic news before open which were negative.....
Retail sales were WEAK...NOT a new news......
Overseas most markets were down including Shanghai......
Europe is taking on the chin........
What else is new......????
New is that...... we are not taking technical key points on S&P 500...remember much dreaded 1370....1400
So we are still in the game.....
Game is that markets are comfortable with expected economic data....which will remain negative for few months......and may come in LESS negative than pundits numbers.....
Economist get carried away on both end...bad is more bad...& good is way better !!!!
So take advantage of today's WEAKNESS......
Keep building a good portfolio for 2008......
LOOK...beyond day to day results.......
You will be pleasantly surprised by end of 2008 $$$$$
Good luck on strategic buying for long term........with targets in mind.....
I like when majority is selling........
It is TIME to BUY !!!!
BLOG does NOT give buy or sell.
Saleem
9 comments:
SALEEM
Looks like MA is strong today. Lets go MA!
The market is hurting
Madmax
Hi Madmax,
This is where conviction & FA comes in handy.
We should recover by close...I HOPE !!!
Saleem
SALEEM
Gosh I fell like being in cash
How much shorting is going on, can you tell if GS is still up to no good?
Hmmm, 200 point drop in just plain stupid
Madmax
Hi Madmax,
I can NEVER figure out markets.
There was NO critical NEWS to account for 200+ drop ???
Saleem
Saleem,
would you consider adding to LDK around the $38-39 range? or do you think thats a bad idea? Thanks...
Total massacre on not so bad news... I really feel this is all manipulated...
Hi Doug,
It is important to be diversified.
Overweight is OK...not ALL IN one stock...
I am NOT adding LDK...but happy to keep.
Ensure you have 5 stocks always...or CASH by end of the day....
Saleem
Wow or should I say YIKES! Hard to watch....think I need a break!
Looks like the powers to be decided to give ALL of the solar sector stocks a 3rd degree sunburn!
Does anyone hold stocks that are up today......so far?
Not me.
There is a portfolio manager on BNN right now saying that all of the high Pe stocks with rich profits are being sold since no one wants to be holding. He stated that he would not want to own RIMM for anything over $85 cdn as an example.
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