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jmclr (99.75)

Market at Cross Road or does any one see a clear direction for next 4 weeks

Recs

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May 09, 2009 – Comments (5) | RELATED TICKERS: FAS , UYG , FITB

Financial are leading the market out of bear market for the last 6 weeks. Some doubled or tripled in that time frame.FITB rallied big on Friday. Any one likes to venture a guess where these are heading in next 30 to 60 days.My 6 months target says UYG and FAS can double in that time frame.

My real time portfolio has 20% exposure to UYG, FAS, XLF. 

5 Comments – Post Your Own

#1) On May 10, 2009 at 12:17 AM, G8BigBoom (65.41) wrote:

I own FITB, BAC, HBAN, C, GNW, CSE, AEA and even the hated AIG which I picked up for .50 cents per share along with a few others. When I was putting together this recovery high risk portfolio I never imagined this would happen and personally thought it was a little crazy. Ok very crazy but then again I made a killing off Northwest Airlines in bankruptcy so go figure. That being said I was buying many of these stocks back in March when almost everyone was still screaming meltdown. I did not expect things to happen this way at all and just got very lucky. I think the financials will be huge in gains this year and next year. I am not sure what prices you purchased these stocks and funds at but protect your earnings as you go and I think you will do very well. People are no longer trying to get out of the market and I don’t really see those days coming back very soon. People want in and it’s only going to grow if the gains of the last three months continue.

PS- I also picked up FNM for next to nothing. Again I do not think it will go anywhere but that’s what I thought when I picked the others. I know it’s a whole other ball game but then again when the governments the ump makes things look a little better.

 

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#2) On May 10, 2009 at 2:53 AM, awallejr (79.38) wrote:

Yeah stick with the energy play.  You could run Jim Cramer reruns from last year now and make money.

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#3) On May 10, 2009 at 4:16 AM, KamranatUCLA (30.13) wrote:

no one knows and can predict. Market can go either way. Long term (10 years) I think we will be back at these levels no matter what because the babyboombers are retiring and want their money, but not many people are there to buy their stocks.

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#4) On May 10, 2009 at 4:16 AM, KamranatUCLA (30.13) wrote:

no one knows and can predict. Market can go either way. Long term (10 years) I think we will be back at these levels no matter what because the babyboombers are retiring and want their money, but not many people are there to buy their stocks.

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#5) On May 10, 2009 at 5:10 AM, automaticaev (76.91) wrote:

sure but no one can predict with 100% certainty that they wont die in 1 second either.

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