04-20-2009, 02:31 PM
Vanraw Wrote:Grieve Wrote:Well the pullback seems to finally be happening. C and BAC down 17% today, GE down 8%. Question is...when to jump back in? Is this a one day profit-taking event, or are we in for a bigger pullback? I really want to get back into the financial...
Yea, good question. The real question is what will be the next good news? Could be a earnings report. Perhaps a good Jobs report.....
My gut feeling, is that we will continue to see a lot of volatility and we will bounce around 7800 to 8200 for a while until there is another sign of economy improvement.
I don't forsee a good job report for quite sometime. Maybe spring '10. Maybe we can print another trillion dollars and see how high the market goes up. Sounds fun!
"You cannot invade the mainland United States. There would be a rifle behind every blade of grass." - Admiral Isoroku Yamamoto
Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state.
-Thomas Jefferson
Spread my work ethic not my wealth.
Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state.
-Thomas Jefferson
Spread my work ethic not my wealth.