Just like oil is going to 200. It may happen, but given that job loss is still happening and hasn't curbed substantially it would seem hard to believe.
Less bad = good = market soars. Been the pattern for the last few months, will continue to trade it until it doesn't work.
What makes you think GS, or any other ANALysts, would know where anything is going? I would bet that an army of chimpanzees strumming on typewriters would come up with predictions just as accurate, as anyone pretending to know.
Is it always the case that when the dollar falls, the market pops and when the dollar gets stronger, the market falls? I've noticed this trend and it makes sense. When the dollar is weaker, it takes more dollars to buy something...like a stock...so price of a stock is higher. This tells me that the upswing of the current market is mostly due to the dollar falling and not because true value of stocks has increased (i.e. economy getting better). Any thoughts?
Qazi Yes, there are many who watch the correlation or negative correlation between different <i>financial classes</i>* October 24, 2008 - Update: The Dollar-Euro Exchange Rate and U.S. Stocks Currency Overview: Equity/Dollar Correlation Intact The Dollar and US Stocks U.S. Dollar: Currencies? Stocks Correlation Soars <hr> * Currency Exchange - Value, Stocks, Bonds and so forth (I couldn't think of a better description at the moment).
I remember this post to Mango near the end of March : http://bbs.clutchfans.net/showpost.php?p=4358862&postcount=2692 I bought TCK at around $5.50-$6 I guess. I felt great selling it around $11 (I forget)... TCK is about to report earnings... it's trading at ~$22 now.
My SSO shares that I bought back in November 2008 for $29.85 are almost back at their original value!!
Any of you guys in F since it was around $1-$2? You guys are making out huge. I bought around $6, I think and again when it dipped around $5.30-$5.50, I believe. I'm up 20% on that one. Even my dud of a pick in T is about to break even. I've been holding onto MO for months and it's up about 15%. I bought some TCK last night and got a quick 6-7%. MCD disappointed me today, but I think I may buy some more of it on this dip and continue buying on further dips and holding for the long run. Any of you considering some of these homebuilders for the longterm? I need to read more about them. Lastly, I keep getting the sense that MSFT may finally buy into YHOO based on everything I'm hearing and reading. Of course I've been hearing this for months and a pop in YHOO now wouldn't be quite as huge as it could've been had this deal been done a couple of months ago. Time to move those stops up a bit...
I held onto that for awhile and finally sold the rest of it during the downturn around March, I believe. You make me sick. lol. I bought it for its dividend payout at the time, but watching it tank wasn't worth it.
Yes, the China/commodities play is something I've been in on and off since then. I still wish I could rewind back to March and have more guts than I had buying what I did buy. Lots of stocks up 40-100+% since then.