Yaacov. I am not a very good short term forecaster. I just go with the premise that stocks will still be the best investment for the future. I always say, if stock gains will be a thing of the past, so will be a good economy, jobs etc. and bonds will give you a cpl percent. gg.
Despite what we heard from some of the pundits this morning, it looks like this economy is already slowing down some and this when the US economy is like a big tanker, slow to turn around. I hope it does not turn around too much and head out to sea.
Anyhow, things should be looking up or maybe it's a bad omen when Gail Dudack, long term bear imo, believes that we are near a trading bottom and it looks to her that the economy is slowing down a bit. But she also thinks that the FED will keep us guessing for a while but she could see a summer rally. Let's see when this happens and where we are at that point, and then we should know a bit more about the future. I basically think the future is pretty bright for cos. Gail Dudack also believes that techs will lead us back up. At least that's what I got out of it but my memory only lasts from minute to minute in this kind of market and I did hear it only in passing, well, slow passing. gg. I mentioned Ms. Dudack in particular. What could be happening when some long time bears start to throw in the towel at the same time some long term bulls do, like Biryni? He is not bearish, just cautious. But then bull Acampora sees a bottom at one point. So do I. I am sure we will be right.<G>
Nice buys btw. And talking one more time about techs leading us out of this mess. SDLI made a good start today. Up 30 points last time I spotted it. Too bad I have JDSU instead. But I am not jealous as long as good earnings forecasts bring us better stock prices again instead of nothing helping stocks go up.
If you have read some of my prev. posts this week, you will probably get more out of those on what I am thinking. I am still a bull in a so called bear market by some. I still call it a correction, a messy correction brought on by outside forces, whatever that means. Maybe I mean not strictly by market forces.
Sonny |
