Indices are all green.....ahead of the "much dreaded jobs report"......
Being a "market timer" in a bull market does NOT pay off.....
Market is looking ahead of any economic data....it does NOT see any "disaster looming"
It IS ironic that every trader was very patient in last year BEAR market BUT in a bull market every trader is AFRAID of each economic data..even though they are all IMPROVING.....NOT a good plan in my view.....
Even on a REACTIVE slump 33% of the stocks are UP......& if you do your OWN due diligence you may be more than OK to stay put & stay relaxed with this market......
This market IS going lot higher than any target by "panicky bulls".....Two years from NOW...the real story will come out......
ECB & OECD came out with their economic "crystal balls" and they SEE Europe & World economies improving faster than previously thought......hope Roubini & Rosenberg are paying attention????
Gold & Silver stocks are in "MAJOR bull mode" as price of Gold is UP another $15 to $993.50....it is a breakout to +++++
Junior gold & silver stocks are a better bet in this breakout....
OIL is Down 3 cents
Canadian $ is UP 10 tick against US$
Gold is predicting LOWER US$.....
Retail stocks are flying with COST in the lead
MOST stocks are UP.......
Portfolio is POT,SOL,RIMM.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
Yoy gota be happy RIMM, APPLE , C, POT are all up$$$$$$$
My GE, BMY are coming back, shippers will stink untill the BDI is positive.
DSX and FRO will fine I follow the following:
RYS DSX EGLE EXM ESEA FREE FRO GNK NM OCNF PRGN SEA TBSI SSW GLNG NAT TNP GMR VLCCF
HI C,
I alongwith all OPTIMIST are very happy.....
CNBC fear mongering does not work on me.....
Adami 0/100 perfect score...
Yes RIMM & SOL made my day/week....
Saleem
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