Replies to post #101050 on Savvy Trades and Investments

[wadegarret]

Valuemind, good question

No, not worried at this point. However should Wadegarret go from up 205% to up under 100% YTD, I'd be concerned. At that point, it would mean the Nasdaq had gone up 18% or so. However to see another bear market rally that large, right after the 20% bear market rally from June 14 to Aug 14 would be historic, and highly unlikely, unless this was the beginning of a new bull.

Value, the bottom line is, I strongly feel we're only in the beginning innings of this bear market, and to think this is the beginning of a new bull market is ludicrous. Also OPEC cutting production by 2M barrels/day will cause renewed energy inflation. I have no plans to long anything at this point. I must say though, not buying RELL after hours on Wednesday was a mistake, but hard to trust any company to go up past earnings day in this environment, not matter how good the report.