Las Vegas Advisor Menu
« LVA Forums « Vegas Free-for-All

Is the bull sucking wind?

jatki
jatki
Jun 13, 2011
2:56am
Block User
It doesn't seem like the mkt is going to run too much more. Been a pretty steady decline lately,breaking>12000 and staying there doesn't bode well. Time to pull back? I;ve allready started. No idea if i'm right or not(Most recent decisions haven't done very well for sure)but think i'm gonna err on the side of caution right now.
If you want to make any money,just do the exact opposite of what i do

JOHN

PS I saw this morning that facebook IPO might exceed 100 billion!? Un-freakin'-beleivable. Thats in the same ballpark as berkshire(104.5B) and Verizon(99.5). Will be interesting to watch what per share will be and how crazy it will get in first few days. "party like its 1999?"
billryan
billryan
Jun 13, 2011
3:03am
Block User
The Dow has been down six weeks in a row. What Bull market are you talking about?
BAGIANT
BAGIANT
Jun 13, 2011
3:04am
Block User
I've been saying that there was going to be a major pull back soon. DJIA has dropped 7% already since Jan 1st.

10% is considered a major pull back.
alanleroy
alanleroy
Jun 13, 2011
4:32am
Block User
Quote
Originally posted by: billryan
The Dow has been down six weeks in a row. What Bull market are you talking about?


I belive he's talking about the Bull Market that went from March 6 2009 to April 29 2011 where the DJIA went from 6626 to 12810. That's a heck of a run in anyone's book.

jatki
jatki
Jun 13, 2011
4:34am
Block User
Quote
Originally posted by: billryan
The Dow has been down six weeks in a row. What Bull market are you talking about?


ummm, the jump from about from about<7000 spring of '09 to almost 13000 not too long ago. Almost doubled in that time. Scary bubble and I think its about to contract severely. I didn't mind dow down a few weeks in a row,I look a little further.6 weeks is saying something. Will this week be down again? Dunno.Just saying what I think and in no way trying to give investing advice,only curious what others are doing ,if anything.

If,when,if, i start shorting it will be in the way of ETF's. I don't sleep well shorting individual stocks. What is tops on that list is consumer discretionary.People are going to stop spending so much IMO. Tech,mfg. will soon follow,again IMHO.

J
MoneyLA
MoneyLA
Jun 13, 2011
5:13am
Block User
a ten percent correction is normal for a bull market. its still a bull market.
Don
Don
Jun 13, 2011
8:25am
Block User
DonDiego suspects the Bulls are somewhat spooked by the prospect of a Greek/Portuguese/Spanish debt default or maybe a bail-out or, in fact, either one.
Or maybe the conclusion of QE2 at the end of June here in the USA, which may well result in financial turmoil right here, . . . rising interest rates if Mr Bernanke sticks to ending it, . . . or rising inflation if he decides on extension to a QE3. DonDiego would like to be a mite less invested than he is right now until that question is decided. He supposes eventually QE3 or its equivalent will be instituted to extend whatever limited prosperity is possible until after November 2012; DonDiego is not sure the economy will make it to November 2012 before a collapse.

So uncertainty and tough times for the market for the next 2 or 3 months, . . . followed either by resumption of the Bull, at least in terms of the USDollar, if QE3 appears or by the Bear and hard-times if interest rates climb.

Real hard times by 2013 in any case.
jatki
jatki
Jun 13, 2011
8:49am
Block User
Quote
Originally posted by: DonDiego
DonDiego suspects the Bulls are somewhat spooked by the prospect of a Greek/Portuguese/Spanish debt default or maybe a bail-out or, in fact, either one.
Or maybe the conclusion of QE2 at the end of June here in the USA, which may well result in financial turmoil right here, . . . rising interest rates if Mr Bernanke sticks to ending it, . . . or rising inflation if he decides on extension to a QE3. DonDiego would like to be a mite less invested than he is right now until that question is decided. He supposes eventually QE3 or its equivalent will be instituted to extend whatever limited prosperity is possible until after November 2012; DonDiego is not sure the economy will make it to November 2012 before a collapse.

So uncertainty and tough times for the market for the next 2 or 3 months, . . . followed either by resumption of the Bull, at least in terms of the USDollar, if QE3 appears or by the Bear and hard-times if interest rates climb.

Real hard times by 2013 in any case.


The international debts are definitely scary. Another reason i think the mkt will turn bearish soon,if not now. That coupled with overwhelming fed debt and ever increasing state debt,baaad scenario.
Don't really want to be a doomsayer,but things aren't looking very pretty right now. Again,just my opinion.

JOHN
chefantwon
chefantwon
Jun 13, 2011
12:45pm
Block User
Quote
Originally posted by: BAGIANT
I've been saying that there was going to be a major pull back soon. DJIA has dropped 7% already since Jan 1st.

10% is considered a major pull back.



Sorry, but 10% is considered a correction.

By a pull back I'm a figuring you mean the market dropped.
arcimedes
arcimedes
Jun 13, 2011
10:32pm
Block User
The future looks grim indeed.

https://www.europac.net/media/video_blog
Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now