Stock Market Correction Finished April 17, 2012

Forum: Investments
Author: [Investments] Topic: Stock Market Correction Finished April 17, 2012
cave0707 PM cave0707
Joined: Oct 2009
Posts: 1242
United States
 
cave0707
Participation Meter
Posted: 4/17/2012 1:04:05 PM

I called for a market correction on April 2, 2012.  It may be a touch premature to say it's done but the indices look rather robust.  I wish I had the S&P 500 index volume figures but I'm assuming it's on the high side.  I'd close all inverse etfs and go between 25% to 33% long in ur portfolio.  I'd keep the rest in cash and pyramid into this rally next week if it holds true.  There's still a real chance this rally fails ... so no more than 1/3 of ur portfolio in long positions is recommended.  Good luck to you all.

depeche2 PM depeche2
Joined: Feb 2002
Posts: 67006
Illinois
 
depeche2
Participation Meter
Posted: 4/17/2012 2:05:52 PM
Last call was good.  This one is too late.  You needed to make this call before today.
cave0707 PM cave0707
Joined: Oct 2009
Posts: 1242
United States
 
cave0707
Participation Meter
Posted: 4/17/2012 3:59:33 PM
Actually I may have jumped the gun ... I'm waiting for final volume figures and there's a chance the S&P 500 is very low.  If that's the case ... all bets are off ... will check later on tonight.
cave0707 PM cave0707
Joined: Oct 2009
Posts: 1242
United States
 
cave0707
Participation Meter
Posted: 4/17/2012 5:10:04 PM

Update 4/17/2012

Officially jumped the gun ... I'm market NEUTRAL.  Sorry fellas ... no volume in any of the indices ... too early to say TODAY market goes into an uptrend.  I assume with this huge increase in all the indices that volume would be high.    My mistake, I apologize.  I'd stay CASH. 

be easy PM be easy
Joined: Oct 2006
Posts: 15420
Pennsylvania
 
be easy
Participation Meter
Posted: 4/18/2012 10:45:29 AM
link

the funny money injection has shown signs of running it's course, also looks like 'they' made a test run at running up the rates on the 10yr, and realized that is not a possibility at this point (or ever). Next move for treasuries is to get more expensive
wallstreetcappers PM wallstreetcappers
Joined: Feb 2003
Posts: 51368
United States
 
wallstreetcappers
Participation Meter
Posted: 4/18/2012 1:54:10 PM
You are getting whipsawed, thats what the current market does to you.
Forum: Investments
You have entered the forum as a GUEST. 
You must login/register to post or reply.