To those of you looking for a swing long, I think now is the time. Traderbean says AAPL is ready and I very much concur with his analysis. I'm expecting 995 to 1150 on the S&P on this rally, it might take two months though.
Tuesday, October 28, 2008
Tuesday, October 21, 2008
Directionless
The markets are directionless and rightfully so. Credit market bubble pops, housing market collapses, election around the corner, and not to mention 3rd quarter corporate earnings. There are three things you should be doing.
1. Paying off all debts if you haven't already. This includes your mortgage. You will never have access to credit like you have in the past. Zero down on a home? Never to be seen again. This will collapse housing prices and the credit markets will take years to heal.
2. Buy for the long run, selective Buffett type stocks--stocks you can hold for 5 years or more.
3. If you choose to trade (which is dangerous in this directionless market), keep your trades intraday.
Stocks you can hold for the long run:
UNG
FCX
AAPL
BNI
GS
WFC
BRKA, BRKB
LNC
PBW
V
VWO
1. Paying off all debts if you haven't already. This includes your mortgage. You will never have access to credit like you have in the past. Zero down on a home? Never to be seen again. This will collapse housing prices and the credit markets will take years to heal.
2. Buy for the long run, selective Buffett type stocks--stocks you can hold for 5 years or more.
3. If you choose to trade (which is dangerous in this directionless market), keep your trades intraday.
Stocks you can hold for the long run:
UNG
FCX
AAPL
BNI
GS
WFC
BRKA, BRKB
LNC
PBW
V
VWO
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