April 14, 2009
– Comments (2) |
RELATED TICKERS: JPM
Could its buyout of Bear Stearns make its profits soar on trading like Goldman Sachs did this qtr.
Bear Stearns could boost its profits... I believe JPM reports Thursday.
Next leg up for stock market rally is being setup with Tax refunds. Once those refunds run out in at middle of May thats when a new downtrend begins in my opinion.
i don't believe these numbers. No one has any idea what is going on in the market anymore and there is secrecy anywhere you look. I won't be surprised if government tells us in few months or in a year that they have been buying stocks secretly to boost the economy.
The way stocks move up and down is very strange. On days that stocks move up there is like an overall price surge, almost 70%-80% of the stocks in my profile move up. On days that stocks go down about 20%-50% of stocks in my profile go down but with a bigger price drop.
So I think something fishy going on here. This could be just mutual funds buying or it could be some government agency. The way it looks is very strange and scarry too. If the price doesn't go up on those days I think we will see 500-1000 point price drop.
I just think too many individuals are getting out of stocks; that includes mostly older people who want to retire.
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