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FreeMarkets (96.01)

I can't find ONE reason NOT to buy stocks!

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March 24, 2011 – Comments (6)

Once again, the stock market is up, and why not!  The American stock market is nothing but a huge buying opportunity.  Job creation is milder stronger than the pessimistic forecasts.  Industrial sales are only slighter lower than their reduced expectations.  Consumers are going back into debt because of reduced wages.  Inflation, other than the essentials for life, are up a mild 2.1%.  The 3rd largest economy should be back on its feet within a year or two after a devestating earthquake and tsunami.  The wars in Iraq and Afghanistan should wind down by 2025, and we may be out of Libya by then too!

The chances of our gov't debt eclipsing 100% of GDP is a certainty by 2014.  There is 0% chance the debt ceiling isn't raised.  The PIGS of Europe will be bailed out.

Oh, I'm sure I've missed a few other fantastic reasons to buy into the stock market today, but that's more than enough proof for me.

PS: For those following my timing model, which is based PURELY on psychology, I still rec'd staying long until Friday.  Then, as I've said, I'm expecting at LEAST a 10% decline by June 30.

6 Comments – Post Your Own

#1) On March 24, 2011 at 10:38 AM, mtf00l (46.57) wrote:

I'm having difficulty interpreting what you mean...

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#2) On March 24, 2011 at 12:29 PM, checklist34 (99.72) wrote:

he's being sarcastic. 

I wouldn't be surprised if we dipped 10% by june, that'd be enough to cause some real panic.  

but i think i'm really kind of in the majority for expecting the market to correct, the famous "everybody" is kind of expecting it. 

Which is why so far, for the most part, I haven't gotten my wish. 

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#3) On March 24, 2011 at 12:29 PM, checklist34 (99.72) wrote:

good post, I loved it!

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#4) On March 24, 2011 at 2:00 PM, engstocker (< 20) wrote:

I agree. It seems like there are just to many negatives going on in the world right now for the stock market to keep advancing.

But, where else are you going to put your money. Banks are paying very little interest. Gold has already had a big run up. Realestate is still questionable. I think these are the reasons people keep buying stocks. They don't really have any other option if they want to have a chance of getting any type of decent return.

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#5) On March 24, 2011 at 2:13 PM, rofgile (99.23) wrote:

I like your snarkyness. +1

 -Rof 

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#6) On March 24, 2011 at 3:25 PM, rexlove (99.46) wrote:

I think we already had our mini-correction. This market is going higher from here - at least for the next couple of months. I wouldn't rule out another correction by June - but again I think it will be relatively mild (5% or so) unless we have a huge runup in stocks. 

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