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El Chingon

01/29/10 4:14 PM

#27368 RE: lostmyballs #27365

SPY, daily chart. GL

opas60

01/29/10 4:34 PM

#27370 RE: lostmyballs #27365

Markets will definitly rebound, in worst case at the start of March.US economy shows positive signs, the same for BRIC.February will be so-so, but in the March I believe situation will improved significatly.IMO.

Rames

01/29/10 4:52 PM

#27372 RE: lostmyballs #27365

Nobody knows. Sure looks right now that SPX might drop all the way to the 1010/20 level next week. Earnings and economic data this week can hardly be topped.

For our China stocks... hard to say. Chinese New Year is coming up, maybe some good news from China lift the market there and it spills over.

I would reduce exposure for now in an orderly way if you haven't done so yet and wait what happens. No point in guessing as all our ECSC stocks have tremendous potential when the market picks up again. It doesn't matter if you don't pick the absolute bottom of your favourite stock in this downturn, but it does matter if you slice your hands while trying to catch it. So why not play it as safe as possible and buy into the next upswing.