I dont think we are in anything more than an over bought profit taking spot. With strong growth and low interest rates and inflation to go along with reasonable valuations, there doesnt seem like a lot of downside. But once selling starts like this it could take a while to run its course. I'm nibbling away on weakness. Doubt we see the Dow break 11,000 this year.
OT: Stock Markets crashing globally --- safer betting...
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SBR_JohnSBR Posting Legend
- 07-12-05
- 16471
#36Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#37SPY = 143.39
3pts away from 52 week highComment -
ShamsWoof10SBR MVP
- 11-15-06
- 4827
#38and the dow is back near 12,5 as well... inflation and the market is no exception.. It has much higher to go by the end of the year...Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#39Dow Ends Above 12,800 for First Time
AP - The Dow Jones industrial average closed above 12,800 for the first time Wednesday, signaling Wall Street's recovery from its steep decline in February as investors rewarded companies with strong earnings.Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#40closed 147.70 NEW 52wk HIGHOriginally posted by Sam Odom
Buy SPY on Friday morning. My best bet this week.Comment -
bigboydanSBR Aristocracy
- 08-10-05
- 55420
#41Looks like the Dow Jones reached an all time high today.Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#42time to take a little profit - IMHOComment
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