You feeling like this guy?
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10 comments:
Roger,
Based on your "E Piffanee", were you buying today?
Hell, I look like that guy...
On a somewhat similar theme you've had (STO), isn't a company like BP starting to look interesting - solid track record of dividends (now around 7%). I'm guessing currency risk is a factor...
Thanks as always for your perspectives.
I will need a decent rally tomorrow to look as good as that guy does :)
getting killed on my end, another bad day for the retirement acct.
Tim, tomorrow morning's post will address that.
Roger,
Looking forward to tomorrow's post. Now you are hooking your readers ;-).
I moved more chips in today at the close from 20% long to 40% long. The way I see it, it could go either way tomorrow. Down 23.7% YTD, could be worse, I guess.
Bill Z.,
FWIW, I've been watching BP for a LONG time, and the thing that's kept me away (and will continue to do so), is their heavy reliance on Russia for expanding reserves. Putin's definition of "property rights" is a VERY long way from mine (and most other Westerners, I'd guess).
Just sayin'...
DOUBLE DOWN "TIM".... the trend is (suppose to be) you friend! If you gotta add to the MONEY PIT do 10%. Nothing on the charts yet show a change. Even if you are late, you will spend more time in the up trend.........when it comes.
OK , here is my take
We bottom tomorrow
rally back torwards 10000 into year end
break the lows next spring and summer when obama either raises taxes in a recession or we (the U.S.) get attacked
we go all the way down to Dow 4000-5000 (figure about a 6% dividend yield on the DOW. c/w 1974 bottom)
In 2010 the Republicans retake Congress and the low is put in prior to that election in the summer of 2010. However we meander around that low for several years until the next great bull market is launched sometime between 2015 and 2020- sounds like a space odyssey) Hopefully we will all be alive to see it. Housing prices may even rebound by then as well. Signed: Nostradamus aka Andrew
My opinion is that the markets will fluctuate.
T
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