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RichardTC

04/21/09 4:24 PM

#48451 RE: Dimension #48450

I agree with maintaining a contrarian mindset and trading against the emotion of the market, but I strongly believe that this is a very dangerous time to be long. What positive news has come out has been manufactured (mark-to-market, phantom profits, supposed stabilitiy of banking sector, "green shoots", etc). It's bullshit and traders are wising up to it. Once sentiment shifts I expect short sellers to return in full force. It's going to get ugly, really ugly.
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FullBoogie

04/22/09 1:14 AM

#48460 RE: Dimension #48450

yep, you cannot ignore the breadth of this market, no matter what your opinion.
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dexprs

04/22/09 11:16 AM

#48470 RE: Dimension #48450

Even if/when GM goes under there will be a recovery. The capitalistic system will not fail, although it is under attack by our politicians. Actually, they are not against all profit, as long as they make it.