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IBDvalueinvestin (99.66)

We are only Half way thru Earnings season, a re-test of 7,500 djia

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February 02, 2009 – Comments (3)

is a certainty, who ever is buying right now is nuts.

3 Comments – Post Your Own

#1) On February 02, 2009 at 3:54 PM, DemonDoug (78.44) wrote:

normally, i'd say a guy with a bull as his avatar going bearish would be a big contrarian indicator, but in this case i tend to agree.

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#2) On February 02, 2009 at 4:55 PM, awallejr (85.49) wrote:

Eh bought some more GE at 11.50.  And will load up if it ever went single digits. I think you are right that we could retest the low, but we are simply running out of bad news now.  What would cause a high volume selloff at this point?  I don't know. Seems downside risk is now less and upside gain higher long term.

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#3) On February 02, 2009 at 7:01 PM, rofgile (99.30) wrote:

I second awallejr - when over half of MF's bloggers are going to the darkside (alstry's side), I think it is time to buy in, and hold.

The world isn't ending, I don't think a great world war is looming, we are in a period of relative peace and prosperity.  Economies in the world are still growing in China and South America.  The sickness is just bad lending for over building of houses - this should not mean the end of all business... that is my perspective. 

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