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Market top

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February 21, 2012 – Comments (8)

I am going to go out on a limb and call a market top, at least for a few months.  The market is at a high for one, the economy is only slightly improved for two, but most importantly the market was dying for a greek bail out.  Now that we have one, the market is flat and will probably end down.  This is a bad sign.

I am not super confidend on this, but enough to make a blog post about it.

8 Comments – Post Your Own

#1) On February 21, 2012 at 4:26 PM, materialsman92 (34.88) wrote:

I think, and hope you are right...

I have a couple of puts...jeje

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#2) On February 21, 2012 at 10:15 PM, zCreator (94.79) wrote:

Looks like I'm on the same boat. I currently have one short position that I initiated today and zero long positions.

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#3) On February 22, 2012 at 9:57 AM, SultanOfSwing (97.43) wrote:

I hope the limb is thick enough for all of us.

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#4) On February 22, 2012 at 11:08 AM, Valyooo (99.37) wrote:

Sultan,

Ladies always tell me I have a nice big thick limb.

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#5) On February 22, 2012 at 11:08 AM, Valyooo (99.37) wrote:

Sultan,

Ladies always tell me I have a nice big thick limb.

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#6) On February 23, 2012 at 9:21 PM, SultanOfSwing (97.43) wrote:

A few cracks on the limb today (e.g., SHLD, VVUS, AWSR.OB), but the limb is still intact!

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#7) On February 23, 2012 at 9:41 PM, goalie37 (90.76) wrote:

In attempting to predict the short term movements of the stock market, logic dictates that the average person would be right about 50% of the time.  My own track record shows that I am wrong roughly 90% of the time, therefore I won't go out on the limb for risk of ruining everything.  I do see, however, that the majority of stocks I follow are slightly overvalued.  Can they become more overvalued?  Of course.  I will watch to see how the rest of you do with this call.

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#8) On February 23, 2012 at 10:56 PM, Melaschasm (57.85) wrote:

I expect a higher high in less than 6 months.  I think there is a better than 50/50 that we will see a higher high in less than two months.

 

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