Any ideas on where the stock market is going from here?

Written by admin on Sunday, June 28th, 2009

Comments

in general: up, because of sucky artificial inflation, then eventually-down faster and harder than it just did recently. but id expect the market to go up now
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By brkshandilya on June 29th, 2009 at 3:32 am

It's the budget( and the expectations) which is keeping the market up with profit bookings coming in for every 250-350 points rise.Most experts expect a 15-20 % correction going forward,probably in July.I would wait for it to enter the market.Right now,it's sellers market.
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By Space Invader101 on June 29th, 2009 at 3:39 am

Temporarily sideways. There's a lot of contrasting opinions, but second quarter earnings reports next month might help.
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I think it is approaching the top, I also find stay on top of financial twitter guys to be useful, see a link below on top financial twitters aggregation

http://www.mojovox.com/top_news/expert_stock+twitters
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http://www.mojovox.com/top_news/expert_stock+twitters

Eventually this market is going to go up. If for nothing but for inflation. Check your risk and reward ration. The risk is probably 20% on downside and the reward is no one knows.
References :
http://www.lalitbhatt.com/tiki-view_blog_post.php?postId=3

Rally is not because some company is doing any better. Optimism fuels stock rally. Green shoots is fantasy. Get ready to short soon. Credit bubble is huge. Debt is all time high. We are buried into debt upto our necks. You can't mortgage your life to get a granite counter top and expect to be financially secure. Only producers can pay off debt. Most borrowed not to produce but to consume. Going down baby. Going down fast and very soon. Deflation will hit high gear soon. Stay in cash, but at bottom.
References :
http://www.tradingstocks.net

 

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