Title: Prediction: Stock market to rally at least 500 points on Wednesday Source:
[None] URL Source:[None] Published:Nov 5, 2008 Author:Me Post Date:2008-11-05 00:31:01 by a vast rightwing conspirator Keywords:None Views:2065 Comments:122
Note: I correctly predicted Obama's landslide, many months ago.
Now, I predict that the stock market is poised to take off unless Double-you does something stupid again or shows up on the teevee and says something (by definition stupid).
The brokers are telling their clients to hold on, stand firm.
Meanwhile the broker has his loot stashed away long ago in a sock.
Been there, done that. The brokers, Series 7 License, do what their bosses tell them to do. Some are knowledgable, some rely entirely on what the "Research Department" tells them to parrot.
The better brokers, mostly at smaller firms, are probably telling their clients to get out yesterday.
If I had any money it would be OUT of the market right now.
There should be some great buying opportunities down around 2500 to 2000. The last time I was in the industry the market had just topped 3,000 and I thought it was over heated then. If you allow for real inflation since then the market is still at about 3000 or less.