How high can QLGC go?? I give up getting in QLGC. My TA says 45 area is a major resistence of trendline, both the downtrend and horizontal line. I will short a little QLGC if it goes to 45. Right now, I am doing nothing here.
Zeev, I know you like JNJ for next leg up, (I have no position...yet) Would you recommend a slow entry here or should I wait for a noticeable pullback. Always appreciate your thoughts.
I concur that the Fed should not cut rates. But, do you think they might be compelled to since the market expects it and they have done nothing in the last week to counter that expectation?
There is some correlation (far from perfect) between the short term economic outlook and the markets, however, IMTO, valuation metrics have long cycles that are independent of the economic environment, and the metrics impact on stock market prices are bigger than earnings streams (the economic outlook)
so I won't. Thanks for your always thoughtful replies.
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