Markets are FINALLY overcoming profit taking & NEGATIVE news.....
Fed Governor Janet Yelin gave a terse account of US economy saying it is weakening rapidly..market gave UP 200 points gain on that comment... but came back UP in last 10 minutes...a true sign of confidence building in markets.....
I am expecting a further stampede of BUYING in days ahead......
I am more & more focused on ETF as I feel they are better way of participating in this strong UPSURGE......
Knowing what is inside of each ETF is very important..to make a good investing/trading decision....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Saleem,
I see you entered the commodity ETF. I was looking at that one yesterday. Do you like that one because its 2X or is there something else you're looking at?
Victor
Hi Victor,
I like what is inside this ETF..MON,X,FCX,NEM,BTU.....plus double the gain....
Saleem
SALEEM et all
Looks like a bitter open
I am so sorry that RIMM was a bust for you, I can not believe that this is happening to us OUCH
I too like etf's...
I hold QLD was looking for it to go higher but NOT..
This is sure one tough market
Do you think we will close green.
IMHO B Bernanke knows nothing about this chrisis and how to deal with it.
Good Luck
Hi Madmax,
Thanks for your note re RIMM...In order to stay in the game ..it is very important to accept the verdict of tape....tape never lies for more than a week....because manipulation last few days then fundamentals take over....
Markets are OK...UP,DOWN & UP will rule....
Yes...there IS a very good chance that close will be better.....
World bankers have a very good grip on current issues...
Today is end of the month & year end for some mutual funds..o expect VOLATILITY....we should all be used to it by now...
Saleem
SALEEM
I am so sorry- that RIMM is on a run today! I got my shares at $54.30
Let us hope that it recovers more so I can break-even.
The market is green right now--any thoughts as to were we go form here!
this is a tough market
Hi Madmax,
RIMM is green ..good for you...
I am happy with LVS..so far UP 16%+
Markets are FINE....
We will close STRONG $$$$
Saleem
SALEEM
Thanks for your positive not
LOOK GREEN now hurray
LVS up $4.31
Great for you
Sold some AAPL got sacred to hold. Made $110 lunch money
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