Sunday, September 27, 2009
52. Time to Buy?
Are you waiting for the October stock market bust? October has always been a weight on the stock market. Or, are you on board for a rocket shot to DJIA 11,000? Looks like the early part of this week will still be an anchor on the market. But late in the week we should see a rebound to test again 10,000 DJIA level. If we solidly break this level, I predict high skies; otherwise, we'll take another breath to try again. Either way, 11,000+ by year end is my prediction. But, what do I know? I'm only a dog who was house-trained with the stock market pages. Where's the caveat in my logic? Our idiot representatives in Congress always hold trump cards to hurt the best progress.
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So this is what you do all day...I think we will see a large correction to offer another buying opportunity going into November/ December period.
ReplyDeleteI think it starts after end of quarter, maybe the jobs report is the catalyst Friday???
EEL
Could likely be the case eel. However, I don't expect any decent job reports for a year. So what does that tell you? We are at a top; only question is where is the bottom again? My guess is somewhere between 9300 and 8300. 8750 would provide a good enough cushion to propel the market back up and above 11000. So,keep your shorts out before you put on your woolies.
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