Markets sank to closing low in several years or even MORE than a decade......
Oil slumped to new LOWS....
Louise Yamada Technician NOT convinced that we are even close to any LOWS......she is predicting S&P 500 first to 600 then to 400......
New 52 week LOW list hit a more than CAPITULATION low of 1402 on NYSE & 1204 on NASDAQ......this SMELLS like a near term bottom to me...BUT what do I know.....
MOST stocks are trading @ levels even die-hard BEAR would NOT have predicted only 3 months ago......
Yes...there is recession in US & Europe..but most of the world is seeing GROWTH of as high as 9% in China & even India.......
Are financial markets too PESSIMISTIC......looks like it......
We have discounted most stocks to DEPRESSION levels...Is It JUSTIFIED????
BLOG does NOT give buy or sell.
Saleem
5 comments:
Morning to all
Green is my color today
YES!!!!!!!!!
Looking for recovery
Take a gander at C--they were pumped by Bloomberg last night--sounded good
Lets make some money
Hi Madmax,
GREEN is good !!!
Saleem
To all
here is a funny on FRO--Huge oil shipper and pays 49% divi
Laugh please humor http://www.youtube.com/watch?v=oIB-ymy1bkU
Hi All,
No depression prices are not justified. Why should the China market plunge when their growth is +9%??????????? Why the big plunge 6 months ago? All related to fear. People are scared. No confidence. Life goes on. Buy bargains.
Hi Standards,
TAPE has been pathetic & continues..
FEAR has gripped traders/investors NOW...unless that changes markets are going nowhere....imho
Saleem
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