Oh No!! Markets Stopped Going Lower?

By iamned - Last updated: Monday, July 7, 2008 - Save & Share - Leave a Comment

Oh no no more selling? No more fake recession news? Dow 13000 soon? S&P 1370 again? Looks like the selling is done and a bear market was narrowly averted for a third time. The spooz never closed below the critical 1252 level. The lowest was 1260 last week, but that is still eight points above a bear market.

The DJIA and Nasdaq don’t count. The spooz must be below 1252 for there to actually be a bear market. Period. End of story. If that happens I’ll leave for good, but it won’t happen so I have nothing to fear, but not making enough money.

You blew it bears. So close to a bear market but so far. Not gonna happen now. Time 2 go long.

Buy the AAPL and RIMM. Buy the GOOG EWZ KOL POT MOS MA V FSLR BIDU

yup same old leadership again

nothing has changed

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