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Canuck57[_9_]

On 24/01/2010 4:45 PM, wrote:
On Sun, 24 Jan 2010 12:42:41 -0500, wrote:

Time will tell but the market is over bought for the fundimentals which
tells me inflation is the cause. Jobless recovery at best.

Agreed, put in some stop loss orders if you want to lock in profits,
although it would have been better done last week.
I have unrealized sell orders in on a few items, looking for one more
little bounce.

Money does tend to pile onto anything that looks like it is going up,
whether it is rational or not. Usually it isn't

core inflation was about 2% last year.

care to try again?

What does that have to do with what we were talking about (the
valuation of the stock market)
He was trying to say stocks are overpriced right now. If "right now"
is last week I agree There was a big correction Thursday and Friday
after Obama announced he was cracking down on wall street.

The real question is if that will blow over and people will continue
to buy the market up or whether they will cash in and wait for better
news before the start buying again.

We are due for a correction, question is how deap will it go this time.
My guess is below 10,000 on the Dow is almost certain. Maybe 9000 in
two weeks?

With China pulling back on credit, Obama is broke and looking for $1.9
trillion for this years debt-spend, Japan is in toruble too,
unemployment up again, I would say wild assed dips are a coming. Only
the threat of currency deflation keeps stocks this high.

Are we sure Obama isn't Osama's brother?