History may repeat itself this time (not exactly the same)

老九

The most that I feared about this economy down turn is coming to reality now.  With the help of government, the stock market is going up regardless of fundmentals and more people will jump in.  The government is trying to reinflate the market by encouraging investors and ordinary people to take more leverage which is what got us here before.  I have said before that the higher this market rally goes the lower we will get eventually.  I can see that SPY may go somewhere between 950-1050, another 10%+ from here.  After that, God help us.  

I still keep stand by my earlier view which is only put 20% of your money into trading, no all in for me.  I am out of long positions a few weeks ago and don't want to chase the last few percentages.  This is the most scary part.  You never know when you will get caught.  I only hold 40% short position out of my 20% cash and I will add more when SPY reaches 950-960.  I have been  a bear since last May and will remain to be one till SPY reaches 400 level.

dara

hmm, market will continue go up

johndai

xie

happyface

thanks

Diver

政府现在想饮鸠止渴呀！

The most that I feared about this economy down turn is coming to reality now.  With the help of government, the stock market is going up regardless of fundmentals and more people will jump in.  The go ...
老九 发表于 2009-5-6 09:52

moneymaker

I am out of long positions a few weeks ago and don't want to chase the last few percentages.  

I have a friend, who knows nothing about US stock market.  A few weeks ago, he told me the market was at bottom and should get in.  He is very happy now.  

I found that most of those experienced traders either missed most of the ride, or simply traded against the rally.