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Old 11-18-2013, 02:51 PM
spdrun spdrun is offline
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Join Date: May 2011
Location: NYC
Posts: 6,030
Actually, the run-up is almost done, IMHO. We hit 15,725 in mid-September and are less than 300 pts higher on the Dow two months later. NASDAQ down 15 points this afternoon. SPX flat to down, NYSE up marginally.

And before you start yellin' for Yellen, realize that the voting members of the Board of Governors, who ALL have to vote for a decision, are actually getting more conservative next year due to rotation of voting seats.

Plus interest rates are going up again this month, whether the Fed likes it or not, and property prices in many markets have stagnated or fell since the summer.

As far as selling now, I'm not buying the market as a whole; index funds are for muppets. I'm buying stocks that are depressed due to other factors, but which have good fundamentals, technology, and/or names. 787 catches fire in some African rathole? Buy BA. Tesla car catches fire making for good headlines? Buy TSLA then sell when the panic subsides. Merger on hold? But AAMRQ and wait till the specuvestors jump in again, 300% profit, baby. Solar unpopular last year? Buy SPWR or FSLR...

Trust in G-d and stop-loss orders, of course as well.

Last edited by spdrun; 11-18-2013 at 03:04 PM.
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