We will get some earnings bounces, but this market should see 1500s S & P at some point this year. Anyone who thinks YELP is a good deal at $65, or LNKD at $165 is certifiable. The market wants lower and rallies should continue to be faded. The notion that its SAFE to be in dividend yielders is historically ludicrous. When the Nasdaq sells off dramatically the DOW, et al will eventually follow. Typically in a Bearish environment the best value stocks sell off last, but they do sell off. And, we are still ridiculously over zealous on all stocks. CAT at $100? Really? Based on what? Pure lunacy. Valuations dont play a part in trading, but they do in terms of where the market eventually has to level off at. Its much more likely to level off at 1500 S & P than 2000s. If you are an investor please BE CAREFUL, keep in mind when we do get the move I expect,a nd granted Ive been wrong on a Bear call before, but when we do youll wish you werent born if you hold thinking in the long run Ill be fine. Really? It took over 12 years for the market to recover from 2000/2001. You want to hold your precious stocks for 12 years waiting for them to recover? My favorite shorts remains - LNKD, YELP, PCLN, TSLA, CAT, IBM and BIDU. Keep the faith, and dont be scared to get short some of these on BOUNCES! Dont try to be a hero shorting stocks down a gazillion, wait for the bounces and then enter if you agree...rock and RULE! Waxie
Posted on: Sun, 06 Apr 2014 08:12:27 +0000
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