It’s very hard to believe yet another year has passed…
March 4th, 2009 | 
I woke up this morning to find out that my domain name was to expire today. After giving it some thought, I decided to renew the domain even though I haven’t done jack in pretty much a year. I don’t expect much from these markets anytime soon. I will say and it will probably bite me pretty hard, we are due for a sharp rally upwards. It could come as soon as today. I’m not saying we have seen the lows, as I expect much more downside in the future. Things are just down right nasty out there and I don’t think we have seen any light at the end of the tunnel.
As for stock plays, there is just way too much risk for my liking. Maybe if we have a major sell off in the indices (straight down) I’ll roll up my sleeves. I just don’t ‘trust’ these markets, you never know what will be said during the day change the direction of the markets intraday. I think I have better odds at the casino :(
Popularity: 21% [?]
Today’s “rally” faded at the end of the session. I wonder if this was a sign for more downtrending (couple more days) with the pronounced capitulation…
Andrew, I don’t have the foggiest clue on how to read these markets. Technicals barely work, besides forecasting the downward trend, markets are constantly being hit with news on a daily basis from DC. The sharp rally I was expecting was for a good 500-750 points upwards. That faded rally at the end of the day along with futures right now indicate we see some more red. As we both know things can change on a dime. I do not like anything I’m hearing or seeing out from DC. They feel the need they need to do something, that something sure feels like the wrong thing to me but what do I know……
I’m not expecting much of these markets until 2011-2012. I don’t see a V bottom in the near future, I can see The Dow and SP500 if they hang in there to trade flat to down for a long time. What I’m feeling right now, the Dow could get down to the upper 4k to lower 5k area.
Currently there isn’t one Dow component over a 100 dollars.
As I look at the list I’m wondering which one will be trading under 10 dollars next.
http://money.cnn.com/data/dow30/
American Express $11.71
Intel $12.76
Microsoft $16.12
Pfizer $12.50
Disney $16.94
This is a bear like no other!
Sorry to hear, hope it’ll turn around for all of us.
Hi, keep the website going… people need good information and straight talking… My opinion is market is in a downtrend with a rally towards the 200 day moving average, after breaking above 50 day moving average… Their should be more more downside to come. Your analysis is spot on nervous rally. Fundamentals VERY BAD… SUICIDES, SALES PLUNGES AND NO PROFITS…except phantom debt (bailout)profits…