Replies to post #7443 on General Stock Ideas

[gfp927z]

MarketFest, In addition to the JPM earnings, there's also the GDP numbers from China tonight at 10:00 PM. It's always something. Even though most of these economic stats are fudged, they still move the markets.

But after 6 down days, one would think we're due for an oversold bounce -

[bigworld]

MF4: The most intelligent traders on the planet...commercial futures traders and corporate insiders...are betting on a rally. That doesn't absolutely insure that one will happen, but to paraphrase Damon Runyon..That is the way to bet. Overall equities have not been beaten down all that badly. With the level of doom and gloom you would think the S&P would be flirting with the 1000 level. In reality it is only a little over 100 points from its intermediate high. That is peanuts compared to what is eventually coming. Where the blow-off top is occuring is with US Treasury bond funds. Europe going to Zero interest rates earlier this week caused a big transfer of capital from Euro deposits to US Treasuries. The 10 Year has set an all time record low yield. It is the Treasury bond market that is way overdue for a correction, and with it the US Dollar. Once this correction occurs there will be a panic shift out of safe haven investments into risk investments and this could cause a very strong and steep relief rally. That's what I am still predicting and have invested accordingly. I bought some more KOL today and almost bought more GDXJ...my limit buy missed by a few cents. A rally is coming. Patience.