Comments on: Maybe fundamentals, maybe something else http://www.dinocrat.com/archives/2008/11/07/maybe-fundamentals-maybe-something-else/ Thu, 09 Feb 2012 11:49:05 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: gs http://www.dinocrat.com/archives/2008/11/07/maybe-fundamentals-maybe-something-else/#comment-314572 gs Fri, 07 Nov 2008 19:02:53 +0000 http://www.dinocrat.com/?p=6922#comment-314572 The S&P 500 closed at 849 on October 27, rose to 1006 on November 4, and fell back to 905 two days later. 'Buy on the rumor, sell on the news' might be part of the explanation. Despite my trepidation, I'll let my opinion be guided by <a href="http://www.businessweek.com/investing/insights/blog/archives/2008/10/warren_buffetts.html" rel="nofollow">Warren Buffett</a> and corporate insiders (in that order). <a href="http://www.clusterstock.com/2008/10/grantham-stocks-may-fall-another-50-but-still-time-to-buy" rel="nofollow">Unfortunately</a>, Buffett has said you shouldn't own stocks if a 50% drop in price is a worry... The S&P 500 closed at 849 on October 27, rose to 1006 on November 4, and fell back to 905 two days later. ‘Buy on the rumor, sell on the news’ might be part of the explanation.

Despite my trepidation, I’ll let my opinion be guided by Warren Buffett and corporate insiders (in that order).

Unfortunately, Buffett has said you shouldn’t own stocks if a 50% drop in price is a worry…

]]> By: Canucklehead http://www.dinocrat.com/archives/2008/11/07/maybe-fundamentals-maybe-something-else/#comment-314571 Canucklehead Fri, 07 Nov 2008 18:41:52 +0000 http://www.dinocrat.com/?p=6922#comment-314571 Here is some more: http://www.frontpagemag.com/articles/Read.aspx?GUID=1C995DDB-9F7D-4EB7-83A2-5304F950EB41 Here is some more:

http://www.frontpagemag.com/articles/Read.aspx?GUID=1C995DDB-9F7D-4EB7-83A2-5304F950EB41

]]> By: Canucklehead http://www.dinocrat.com/archives/2008/11/07/maybe-fundamentals-maybe-something-else/#comment-314570 Canucklehead Fri, 07 Nov 2008 18:19:36 +0000 http://www.dinocrat.com/?p=6922#comment-314570 Here is something to read: http://www.humanevents.com/article.php?id=16293&keywords=soros Here is something to read:

http://www.humanevents.com/article.php?id=16293&keywords=soros

]]> By: Canucklehead http://www.dinocrat.com/archives/2008/11/07/maybe-fundamentals-maybe-something-else/#comment-314567 Canucklehead Fri, 07 Nov 2008 13:20:20 +0000 http://www.dinocrat.com/?p=6922#comment-314567 If you read Cody Willard, over at FOX Business, you will see that he has been talking for some time about a trading range of 7000 to 9500 in the Dow. The Dow hit 9500 just before the vote on Tuesday. It is now on it's way down. The trading range idea seems to fit. There are no expected "significant upside" stories on the horizon. We will have to wait to see about the "significant downside" stories. Around the time of Obama's inauguration we will get 4 th quarter stories on the economy. I expect these will be significantly negative. You should see the market sell-off in the middle to the end of January. Obama is positioning himself to be "George Bush Lite". If you read Cody Willard, over at FOX Business, you will see that he has been talking for some time about a trading range of 7000 to 9500 in the Dow. The Dow hit 9500 just before the vote on Tuesday. It is now on it’s way down. The trading range idea seems to fit.

There are no expected “significant upside” stories on the horizon. We will have to wait to see about the “significant downside” stories. Around the time of Obama’s inauguration we will get 4 th quarter stories on the economy. I expect these will be significantly negative. You should see the market sell-off in the middle to the end of January.

Obama is positioning himself to be “George Bush Lite”.

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