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starbucks4ever (97.70)

I think it's time to take a more bullish view.

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11

November 23, 2010 – Comments (9)

We are approaching the S&P 1170 price level which I identified earlier as the most likely bottom for this pullback. I don't have a high confidence for this call. It's a low-confidence call as compared with my prediction of a bottom in September, but I will make it anyway. I think we'll get more "positive" news in December (positive for stock speculators, that is), enough good news to manage a Christmas rally. I understand those who will prefer to wait for lower prices, but I would still take some long positions tomorrow. My reasons? Whatever pessimists may say, $600 Billion is a big chunk of liquidity, and barring unforeseen events, Bernanke should eventually succeed in adding a stock bubble to his list of bubbles, if in nothing else. And the price of 1180 is less expensive than 1230!

9 Comments – Post Your Own

#1) On November 23, 2010 at 5:33 PM, soycapital (< 20) wrote:

Bernanke should eventually succeed in adding a stock bubble to his list of bubbles, if in nothing else.

BEN CAN DO IT. +1 rec

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#2) On November 23, 2010 at 6:29 PM, PainterPoker (21.55) wrote:

From what I have seen over the last two years or so (I've only been in the market for about a year) is that the market will go down much further than expected for a longer period of time than expected, and when it changes direction it will, likewise, go up higher and longer than expected.  We are now going down and it will be a long, bumpy ride.  

 

But, on the other hand, the $600 billion is a huge chunk of change...

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#3) On November 24, 2010 at 10:24 AM, starbucks4ever (97.70) wrote:

Market rebounds nicely today, hehe...

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#4) On November 24, 2010 at 3:18 PM, CCLEGG (< 20) wrote:

zloj

What stocks do you think will jump up with $600B from Benny?

Thanks, Cam

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#5) On November 24, 2010 at 3:56 PM, starbucks4ever (97.70) wrote:

CCLEGG,

Please ask me some easier question :) 

The link between printing and prices is an indirect one, unless Bennie starts buying stocks directly. So the inflation of the market must be done by hedge funds, and they will buy whatever they believe to be a good inflation hedge. But what goes on in the minds of hedge fund managers, nobody can tell with any certainty. 

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#6) On November 24, 2010 at 4:05 PM, CCLEGG (< 20) wrote:

zloj

Thats makes good sence, thank you, Cam

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#7) On November 26, 2010 at 7:57 PM, starbucks4ever (97.70) wrote:

Still bullish, despite today's setback

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#8) On December 02, 2010 at 6:59 PM, starbucks4ever (97.70) wrote:

A mad dash to S&P 1400, anyone?

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#9) On December 03, 2010 at 5:12 PM, starbucks4ever (97.70) wrote:

I bagged three successful market-timing calls this year. When will I call the top? I guess, somewhere in the 1400 area.

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