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FreeMarkets (91.91)

BULL RUN to Start Soon!

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October 27, 2009 – Comments (3)

Overall, I'm pretty pessimistic on the US economy.  But even during the Great depression, there was money to be made in bull runs, and we are fast approaching the next one.

Don't try to argue fundamentals, or charts, or anything besides "investor psychology".  We are a point where investors are feeling overly confident.  Right now those big investors are taking some profits as the feeling is that a correction is due, but that free FED money is too hard to resist - especially when some risky moves now can mean a BIG FAT BONUS check.

You are fooling yourself if you think the investment bankers have changed their stripes.  In fact, with the bailouts, they are taking even more risks today - knowing that the gov't is behind them 100%.  I'm expecting SDS to poke above $40 (as I wrote about last week).  Then I'm long until Dec 8!

Good luck and good investing!

3 Comments – Post Your Own

#1) On October 27, 2009 at 11:06 AM, rd80 (98.42) wrote:

We are a point where investors are feeling overly confident.

That would indicate we're near the end of a bull run, not the beginning of one.

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#2) On October 27, 2009 at 11:07 AM, leohaas (32.24) wrote:

Why Dec 8? Please elaborate!

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#3) On October 27, 2009 at 11:16 AM, FreeMarkets (91.91) wrote:

I'm not saying Dec. 8 will the the top of the next bull run, but that is a date where we will be near the end.  At that point, some data will start coming out on how well the retail sector is doing, and I believe it will be below market expectations.  I feel it is prudent to get out of the market before that data hits the street.

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