CRASH!
10-15-2007, 10:11 AM
#21
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chroot, I wouldn't tell someone to start a BIDU position today unless I know what they were getting in to. I still believe it's future is bright over the long haul for the same reason cthree has.
If you want to really know where BIDU is going, forget the stock and watch the chinese congress meeting. As I've tried to get across, the political idealogies are just as if not more important than the actual company's make up.
If you want to really know where BIDU is going, forget the stock and watch the chinese congress meeting. As I've tried to get across, the political idealogies are just as if not more important than the actual company's make up.
10-15-2007, 04:55 PM
#22
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10-15-2007, 07:28 PM
#23
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haha, i agree that the market is getting pretty pricey and some looney reactions to bad news but we could see DOW hitting 15,000 by year's end.....regardless I'm not very heavy into stocks except for GOLD.
10-15-2007, 07:32 PM
#24
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Point is that the past 6 weeks have been easy money. That was then, this is now. Volatility is back. We need the Fed to cut again on the 18th and we need some strong earnings surprises. The next couple weeks are going to be dicey, not a good time to commit new money but a good time to take profits.
10-15-2007, 11:03 PM
#25
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I'm thinking earnings are going to be generally pretty positive this week. After all, all of the other economic indicators -- CPI, PPI, retail sales, job growth, etc. -- have all been pretty good lately. I'm sure the market is going to trounce any company that has the gall to miss their guidance by a penny (gasp!) but otherwise I think we're going to come through in fine shape. I'm expecting pretty large volatility and huge volumes this week, too, but the overall trend will remain bullish.
What do you guys think?
- Warren
What do you guys think?
- Warren
10-15-2007, 11:13 PM
#26
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I DOW will fall back around the 13500 support levebelieve that this week is going to be like a roller coaster ride, up 100 down 100 points like what happen in Late July -August. I think the l and if the fed do cut rates in the Oct 30-31 meeting, we'll see the DOW hitting 15000. Good thing is that, this time I'm 90% cash waiting for some nice pull backs.
10-16-2007, 07:25 AM
#30
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I think chroot is right. It's time to focus your portfolio on your most core assets and discard the outliers. The rising VIX is a concern.