Is today's pullback enough?
I said that I wanted to wait until late November to buy because I expected to see the post earnings lull.
Last week was flat and this week is starting down (the Dow is off almost 100 points and the NASDAQ 30 points).
I'd like to see it drop even further so I am going to wait.
Last week was flat and this week is starting down (the Dow is off almost 100 points and the NASDAQ 30 points).
I'd like to see it drop even further so I am going to wait.
posted by Andrew at
8:14 AM
3 Comments:
I think that was a great estimate. I was about to buy last week,but decided to wait with you. But, nevertheless, the stocks you handpicked doesnt seem to be affected much by the downturn, which is a very positive thing, but not good for buyer :(
The US dollar fell today big time against the Euro and other currencies. Gold obviously is up today. Trade deficit is at 800 Billion dollars. The deficit is at 300 Billion. If countries want to buy Euros instead of dollars and the Fed has to increase interest rates to attract foreign investors, then stocks could go down. Something to keep on the radar screen.
I think today's GDP numbers cancel some of my desire to wait. The market has been given a big prize and will discount the housing details.
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