Any ideas on where the stock market is going from here?
November 24th, 2009 | by Michael |
AdamO asked:
I’ve recently gotten into trading options, but I’ve also noticed that pretty much every stock I look at has gone up since March, and my RSI isn’t helping me much. It basically has all the stocks at 50% right now, so there is no indication whatsoever of which way the market will go from here. Any ideas?
DARRIN
I’ve recently gotten into trading options, but I’ve also noticed that pretty much every stock I look at has gone up since March, and my RSI isn’t helping me much. It basically has all the stocks at 50% right now, so there is no indication whatsoever of which way the market will go from here. Any ideas?
DARRIN
6 Responses to “Any ideas on where the stock market is going from here?”
By Whitney on Nov 27, 2009 | Reply
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
By brkshandilya on Nov 29, 2009 | Reply
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.
By Space Invader101 on Dec 1, 2009 | Reply
Temporarily sideways. There’s a lot of contrasting opinions, but second quarter earnings reports next month might help.
By Johnny W on Dec 2, 2009 | Reply
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
By lalit on Dec 3, 2009 | Reply
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.
By George B on Dec 5, 2009 | Reply
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.