emotional whipsaw
Started by
CLK
, Apr 19 2007 02:44 PM
3 replies to this topic
#1
CLK
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Posted 19 April 2007 - 02:44 PM
I'm about out of fuel.
Who's putting a bid under this market ?
Every good chance of a drop just ends up nothing.
#2
fib_1618
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Posted 19 April 2007 - 03:11 PM
The market continues to be highly "overbought" in many areas, and liquidity is just overwhelming. Until these two factors change, downside decay will be held to a minimum.Who's putting a bid under this market ?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
CLK
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Posted 19 April 2007 - 03:19 PM
The market continues to be highly "overbought" in many areas, and liquidity is just overwhelming. Until these two factors change, downside decay will be held to a minimum.Who's putting a bid under this market ?
Fib
Was the 500 point down day an anomaly ?
#4
nimblebear
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Welcome to the Dark Side !
Posted 19 April 2007 - 03:35 PM
The market continues to be highly "overbought" in many areas, and liquidity is just overwhelming. Until these two factors change, downside decay will be held to a minimum.Who's putting a bid under this market ?
Fib
Was the 500 point down day an anomaly ?
Sure the heck looks like it. A pimple on an elephants butt. And the FED is spraying liquidity all over the place. I think we are in a secular global economic growth expansion of unprecendented proportions. The fight in Iraq oddly enough is a symptom of control of resources. We are not staying because the country would fall apart without us. We are staying because its the one area left where we can actually have control of black stuff underground. With China trying to lock up resources every minute, everyone else will be left with scraps if they aren't careful. We control the oceans but we can't control the flow of capital.
If you want to see a resource stock that has been my favorite for quite awhil and a barometer of the demand for metal check out PCU. It just keeps growing and growing like there is no end in sight. and PE remains reasonable.
OTIS.
