Market Monitor | stockbee

7/13/2007

Market Monitor

  • After consolidating at this level for few months, the market leaped ahead with a strong move.
  • The large cap stocks were back in action, with significant buying concentrated in them.
  • Short covering added fuel to the rally.
  • Market climbs a wall of worry, in last few weeks, the doom and gloom chatter had increased a lot with the mortgage related issues, inflation and worsening retail sales numbers dominating the talk.
  • As long as majority of people continue to flock to doom sayers and continue to believe in bearish gurus, we are safe. When market topped in 2000, bullish gurus were darling of the masses. Bearishness was minority. Currently you have reverse situation.
  • When Bill Rempel blog becomes the most popular stock market blog, the market will top. When it happens, sell your house, kids, wife,husband, parents,girlfriend, boyfriend, furniture, car, and go short the market. Till then keep buying all dips !!!

1 comment:

Mike said...

"When Bill Rempel blog becomes the most popular stock market blog, the market will top. When it happens, sell your house, kids, wife,husband, parents,girlfriend, boyfriend, furniture, car, and go short the market. Till then keep buying all dips !!!"


HILLLLARIOUS!!! loved it!!