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What are people’s thoughts..think the rally will hold. Maybe a little dip then rise?...
current market is tough for short sellers...it’s 50:50 on where we go from here. Arguments to be made on either side. long term you can’t go wrong with current prices...as long as the company doesn’t go belly up. |
Originally Posted by 1MOSES1
(Post 4733252)
What are people’s thoughts..think the rally will hold. Maybe a little dip then rise?...
current market is tough for short sellers...it’s 50:50 on where we go from here. Arguments to be made on either side. long term you can’t go wrong with current prices...as long as the company doesn’t go belly up. |
Consumer spending and stock buybacks are the major contributors to driving the markets to historic highs in many financial professionals opinion.
Unemployment @ 16 million and growing. 1/3 of Americans did not pay their rent this month--with an educated guess that car payments will show the same trend. All of the major auto makers are shut down due to lack of demand. Guesstimates that about 1/4 to 1/3 of businesses may not reopen after the shutdown. Supply chain disruptions as a result of these businesses going under. Housing sales are predicted to drop 25-35% depending on market. My best guess is that the recent recovery is strictly an emotional response based on the perception that help is on the way. The fundamentals of business have not changed and showing a profit will be pretty difficult for some time IMHO. |
Still holding !!
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It sure is...but it’s only been a day.
my opinion is most stocks are priced too rich. they would need to drop another 8-10% to peak my interest. |
PSTI
They are doing a clinical trial at Holy Name Hospital in Teaneck,NJ The stock is going up rapidly,I think something is up. |
Originally Posted by 1MOSES1
(Post 4733664)
It sure is...but it’s only been a day.
my opinion is most stocks are priced too rich. they would need to drop another 8-10% to peak my interest. |
Originally Posted by PartyBarge22
(Post 4733861)
write that in your note book and tell us how that works, my TV showed market seems to be running uphill and the DOW is coming back nicely after all jumped ship & Bio techs will be a grand slam
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Originally Posted by sy goldberg
(Post 4733837)
PSTI
They are doing a clinical trial at Holy Name Hospital in Teaneck,NJ The stock is going up rapidly,I think something is up. |
Did you sell before it dropped? Ive always lost money chasing FDA pending approval drug companies. high risk
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