The SP 500 index is sitting right on support ;Main channel is clear
Double bottom ? Who knows, who cares ....
I decided a few days ago to inject money ; small positions in the ETF (SPY)
My hope ? it goes lower so I can buy more shares :)
Value players and stock pickers willrule over the next three years.
Warning !! expect to see many BS books on "how to pick stock like great value masters" in the next three to five years.
Any fool knows that most quality (well known global brands) are ON SALE.
2 comments:
hi moise,
do you see the s&p dropping drastically another 100 points in the coming months? and what about citi and bac? since the govt is not allowing them to go under nor nationalising them, do u see them now as bargains? would u sell citi now if u have some at 5.50?
btw, i am shocked that the mkt reacted so violently to the govt's citi plan which it responded positively just a few such days ago. why is going on here? appreciate your thoughts.
Hi Julia,
Right now my brain is in a "buy" mode.
I hope the SP 500 goes down so I can buy more shares.
Regarding Citi (in your case) I would hold.
I'll also start to buy shares of the Financial index XLF soon
Doing it one step at a time.
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