Companies issue record amounts of stock - time to get out of the market

[Canadian]

Originally Posted by Tightwod

I see both higher than today. Modestly. As soon as the earnings start to show signs of recovery people will jump on the wagon again. Markets are Manic depressive, they are currentlty oversold, modestly. They were most depressed in March obviously.

I think both Dow and S&P will be lower (10-15%) by year end. Did you see the GE profit decline?

http://finance.yahoo.com/news/GE-2Q-...&asset=&ccode=

[Rickson9]

Originally Posted by Canadian

I think both Dow and S&P will be lower (10-15%) by year end. Did you see the GE profit decline?

If this is going to come to pass, it better come soon.

2009 YTD
DOW +10.6%
S&P +16.3%
S&P/TSX +26.5%
NASDAQ +33.4%

[Canadian]

Originally Posted by Rickson9

If this is going to come to pass, it better come soon.

2009 YTD
DOW +10.6%
S&P +16.3%
S&P/TSX +26.5%
NASDAQ +33.4%

Have patience, October is historically the worst month for stock markets, and we are almost there. Have you seen the markets today?

[Tightwod]

Originally Posted by Canadian

I think both Dow and S&P will be lower (10-15%) by year end. Did you see the GE profit decline?

http://finance.yahoo.com/news/GE-2Q-...&asset=&ccode=

GE on July 17 = $11.65, Today (down 3%) and still above $16.00.

Fear Greed, Greed the fear!!

[trent]

Originally Posted by Tightwod

GE on July 17 = $11.65, Today (down 3%) and still above $16.00.

Fear Greed, Greed the fear!!

So what's your opinion on the GE stock, is it a buy right now?

[Canadian]

The stock markets are way overpriced in my opinion. If they fall 30-40% from these levels I might become interested, but now...no thank you.

[Rickson9]

Originally Posted by Canadian

Have patience, October is historically the worst month for stock markets, and we are almost there. Have you seen the markets today?

Less than one week to go before the end of Oct.; we might have to extend the deadline...

2009 YTD:
NASDAQ +34.4%
S&P/TSX +24.9%
S&P500 +17.7%
DOW +12.3%

[Canadian]

Originally Posted by Rickson9

Less than one week to go before the end of Oct.; we might have to extend the deadline...

2009 YTD:
NASDAQ +34.4%
S&P/TSX +24.9%
S&P500 +17.7%
DOW +12.3%

Looking at the market action in the last few days, I don't think we have to extend it by much .

[Rickson9]

Originally Posted by Canadian

Looking at the market action in the last few days, I don't think we have to extend it by much .

Market indicies have definately been coming down over the last few days!

2009 YTD

NASDAQ +29.8%
S&P/TSX +21.5%
S&P500 +15.5%
DOW +11.6%

[Canadian]

Originally Posted by Rickson9

Market indicies have definately been coming down over the last few days!

2009 YTD

NASDAQ +29.8%
S&P/TSX +21.5%
S&P500 +15.5%
DOW +11.6%

And today we have more of the same. I wonder how long it will take for investors with nice gains to panic and hit the sell hard?