Official Let's Make Some Money Off Stocks Thread
#2042
First all of the banks passed the stress test with flying colors. Then Citigroup and Bank of America needed to raise capital. Early this past week it was announced that six banks may need to raise additional capital. Today, Bloomberg has an article up that says fourteen banks may need to raise capital.
http://www.bloomberg.com/apps/news?pid=206...8uJs&refer=home
The market should really rally on this "green shoot" news!
http://www.bloomberg.com/apps/news?pid=206...8uJs&refer=home
The market should really rally on this "green shoot" news!
#2045
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Join Date: Aug 2003
Location: Portsmouth, NH
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Originally Posted by WVtwisties,Apr 30 2009, 06:12 PM
Portsmouth eh?
I used to live in Lee outside of Durham and went into Pmouth a lot..cool town
i'll be there again in July for a wedding....feel like renting me your S for the day???
I used to live in Lee outside of Durham and went into Pmouth a lot..cool town
i'll be there again in July for a wedding....feel like renting me your S for the day???
... as well as my twilight zone pinball machine
#2050
Administrator
Thread Starter
^ start selling. This rally will run out of steam soon. The big money is still on the sidelines. The shorts will be back with a vengeance soon.
Technically we've got one shoulder and a head. We need to see a retreat to 800ish level on the S&P500 in the next 3 months before it really runs and the next bull cycle begins (the second shoulder). Technicians call it a reverse head and shoulders.
Some time in the next 2-3 weeks this rally is going to stall. It will meet resistance at or near 950 and go sideways for a while until people lose faith and pull out. It will fall back to around 800 and off we go.
Right now is a great time to consolidate your profits and get ready for another round of sweet deals later in the month or early next. Don't be a pig. We've had a record rally and that only spells one thing: it's over (for now).
Technically we've got one shoulder and a head. We need to see a retreat to 800ish level on the S&P500 in the next 3 months before it really runs and the next bull cycle begins (the second shoulder). Technicians call it a reverse head and shoulders.
Some time in the next 2-3 weeks this rally is going to stall. It will meet resistance at or near 950 and go sideways for a while until people lose faith and pull out. It will fall back to around 800 and off we go.
Right now is a great time to consolidate your profits and get ready for another round of sweet deals later in the month or early next. Don't be a pig. We've had a record rally and that only spells one thing: it's over (for now).