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Re: cottonmather post# 282

Saturday, 01/10/2009 10:16:51 AM

Saturday, January 10, 2009 10:16:51 AM

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With earnings going to be bad I expect next week will be good buying times for me thats why I have been re entering the equities lightly knowing nothing but bad news ahead. But remember last earnings were bad and the market ignored them. With the market up 24% from the lowes in November then giving back 5% last week I expect more retrace in the wake of earnings then we get going for a wild ride North in a week or so : )
I attribute the latest dip more to profit takers then anyone fearfull selling
Just my silly take

Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!

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