October 14, 2009 –
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RELATED TICKERS: JPM
, GOOG
, GS
This just about sums it up. [more]
May 27, 2009 –
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RELATED TICKERS: GM
, BAC
, C
The Predictions of a top fool player said to be one of the best.This series started back on April 3rd 2009 see below [more]
May 06, 2009 –
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RELATED TICKERS: BAC
, C
, MS
I said back in March the S&P had bottomed and I’m sticking with this. I also said back in March the S&P was going to 950 and would hold that by the end of the year. Currently the S&P is trading at 14.5% P/E. That number is not a guess or my own math it’s a fact. People have said we should be at 14, what number are we at? Surprisingly BAC and C is UP this morning why I don’t know and personally don’t care for those stocks or banks. In order for the S&P to drop 300+ points, banks would have to collapse” JPM,GS,MS,BAC,C etc” and go under like bear Stearns or Lehman, Those days are behind us thank god. Even if this STRESS TEST showed extensive bad news the most we would loose in the S&P is 100 - 150 points taking us back to 750 to 800. Then the market would be considered CHEAP again, if that were the case then I guess the next bear market rally would take us to 1100 right? 80% + in the S&P have reported and 69% have BEAT expectations. Oil is slowly gaining ground. Not like last year when it spiked 100.00 a barrel in a few months. People still think we will have 200 a barrel by 2010 THAT’S NOT HAPPENING EITHER. China has reported better then expected globally. The market isn’t giving up 300 points the GOV won’t let that happen either. Printing presses will prevent that. We all know they love printing money. There not wanting to do that either. I would be a lot less worried about the S&P dropping 300+ points and a little more worried about inflation when in sets in. When the fed starts to raise interest rates, the economy is going to strain once again. Not to a degree like we have seen for the last 2 years. Home prices are starting to level out/bottom out Unemployment is going down, Homes are starting to sell. That’s not signs of starting a recession those are the signs were getting out of it. [more]
May 04, 2009 –
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RELATED TICKERS: GS
, JPM
, MS
Here's a SHOCKER. S&P comes out at 2:45 pm eastern time and says 20+ financials are now on negitive watch with a 1 & 2 in for a 1 or more notch downgrade. This is all these dumb**** have to do. When a financial firm is finally gaining some ground they step on the back of there neck's and break them. Who gives them the right to do this as so many have said someone should be able to downgrade there credit worthiness. You never saw them doing this 2 to 3 years ago. Only in the last 12 months did they start hammerinng companies. Im sure after GS raised there forcast and stated buy ratings on some companies S&P and MOODYS will downgrade them only to make gs look like fool's. As far as im concerned, MOODYS and S&P are JUNK!!!! They rank right up there with KEN LEWIS. [more]
May 04, 2009 –
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RELATED TICKERS: BAC
, C
, GS
People keep saying the S&P is going back down to the 600s? Whats your basis for the 250 point market correction? I made a comment back in march that was the bottom , yet ALOT of players keep saying were going below those numbers and some have even said we could test the 500s for the s&p. I know this is all guessing but i would like to hear what your guesses are based on. Mine are on the unemployment, Housing numbers, And the fact the worse of the balamce sheets were figured into this market back in Feb and March. If you havent noticed most companies reporting now are either meeting or beating expectations. The worst is over buy cheap while you can. EVEN if this stress test comes back bad we will have a few days of selling off and will recover that back within a week. Therefore we would be back where were at now. The GOV wont let that happen with the stess test,They cant afford the market to crash again and they wont let it. If this STRESS TEST is liked by the markets you will easily see the s&p hit 1000 within a week and the dow 10000. Do you honestly think the market will sell off 350 to 500 points in the s&p then? NEVER HAPPEN! [more]
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