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Post by dg on Sept 14, 2010 10:48:31 GMT -5
I wonder if we have finally crossed into a meaningful positive market trend, or if it is just waiting for me to get in before crashing. Any thoughts?
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Post by bankedout on Sept 15, 2010 10:57:30 GMT -5
On the Nasdaq Composite index the 2,300ish level has been a tough barrier to exceed since June of this year. My guess would be at least a little stall out near these levels.
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Post by blygh on Sept 15, 2010 21:26:35 GMT -5
I still feel the market is in "jerk around" mode - I am using tight stops which are proving profitable although I have missed some big rises (ISRG) . I do not see what can drive the market higher until the housing crisis gets resolved. It is too big a part of the economy.
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Post by dg on Sept 16, 2010 11:28:49 GMT -5
blygh:
What do you think it will take to get the housing crisis resolved? Clearly low borrowing rates isn't the answer; neither is cheap prices. To me, all that's left is optimism for the economy in general. And with all the debt this nation has incurred, I don't see that happening for a long, long time. Between then and now all I see is higher taxes on a much reduced job force.
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