Dow now up under Obama (user search)
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  Dow now up under Obama (search mode)
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Author Topic: Dow now up under Obama  (Read 6167 times)
Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,224


Political Matrix
E: -1.94, S: -3.13

P P
« on: May 06, 2009, 10:24:06 PM »
We're poised for a major pullback very soon. I guess you can celebrate for now, though.
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Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,224


Political Matrix
E: -1.94, S: -3.13

P P
« Reply #1 on: May 07, 2009, 09:46:34 PM »
Cramer has announced the end of the bear market and says we are now in a bull market. I am still wary of that claim.
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Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,224


Political Matrix
E: -1.94, S: -3.13

P P
« Reply #2 on: May 10, 2009, 03:58:48 PM »
This market, as it stands, is extremely overbought. We could see a short squeeze which could push the DOW over 9000 by June, but after July, I'm cashing out because I feel like we're in for another leg down before we assume a bull market. If we see anymore uncertainly in the banking sector, we're going to retest the lows on the DOW. The news coming out that the Stress Tests actually called for more capital than was reported isn't reassuring.
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