What a day for bulls. DOW Jones hits the 10000 benchmark !
It's really a bull market ! As mentioned before several times.
"If we can not see quite measurable market corrections (such as S&P 500 drops to below 900) before August, 2010. Then This bull market from March, 2009 will be over in the end of 2010 or early 2011."
So you know, that's good for everyone if we got a nice bull market again.
But, I unloaded some longs, and plan to buy back in the next market correction.
I agree. How can we recover 50-60% from lows without a significant correction. It makes me believe in the manipulation of market forces which I have always believed to be a whiners approach.
ReplyDeleteSome businesses are recovering but key segments such as construction are declining. Those relatively high paying jobs are stagnant or declining depending upon your local.
i hope that we see a correction soon. If we have to wait until the end of 2010 it may be another crash.
S&P 500 passed 1000 benchmark, NASDAQ passed 2000 benchmark, Dow Jones passed 10000 benchmark. These reminds me it's a new bull market, even more, the bulls may not stop until some substantial magnitude of moves, measured both in time and in price, are achieved.
ReplyDeleteA correction will come. But some are just good opportunities to buy in since after that a new higher high will be printed. Some corrections are major corrections, it may change the market trend. So far, I didn't see any trend-reversal corrections. All corrections are healthy and good for the bulls.
If we add longs at each dip since March, the profits so far should be very nice.