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Registered Aug 03, 2006
StuckInBA's most recent comments:
- On 17 Feb 2009
IMHO, it's way too early to start buying stocks for long term investment.
I have no clue where the exact bottom is. But I am betting the volatility to remain very high. There is no need to bottom fish here. And there is no need to chase any rallies - however long they might be. Even if you think SP500 is a buy at these level, it's a safe bet to say that these levels will be tested again and again.
But if you are a trader, there are ample opportunities as long as you sell into any rallies, take profits and have tight stops. The option premiums are still very high and you can convert an idle position into something that yields monthly income.
This market is not for the faint of the heart. And if your pain threshold is not high, staying out of the market is a very respectable strategy. Just remain on the sidelines and enjoy the show.
- On 6 Jan 2009
Bible Foretold Housing Bubble!,
Is there any hope that people like David L and Orange Man will be punished in this life by our courts ? Is anyone outside the housing blogs even demanding justice ?
Unlikely, as most of the country was full of bulls like Marina Prime, Face Reality, TOS etc. They just want this to get over with. Only when the recession turns out to be far more stubborn than they expect, their anger will make them forget how stupid they themselves were. Maybe then they will scream for 'justice'.
In the meanwhile, people in higher places like Robert Rubin and The Maestro Greenspan etc will continue to try shift the blame. That circus will go on for a while. Only entertainment I expect from 2009.
- On 11 Dec 2008
SF Bay Area Conforming Limit Not Actually Raised,
Don't celebrate the Auto bailout stalling. All that is happening is political posturing. The Detroit bailout will happen. Which politician wants to be blamed for an economic collapse ? They don't care if the economy collapses or not. They simply don't want to be blamed for it.