Thread: TSPIntel's Account Talk

Birchtree: I know you are probably the most bullish member of TSPtalk website, and I respect you very much. I also wish the DOW hits 24,000 by the end of 2014. However, reality is that the DOW is less than 3,000 points from hitting 12,800 and over 8,000 points from hitting 24,000. The odds are not on your side. I will drink a beer in your name if the DOW hits 24,000 by the end of 2014 and you drink one in my name if it hits 12,800 by 2016, and two beers if it hits 8,000 by 2016. Remember the market is always ahead few months; and they are seeing the end of QE and the market do not know for sure what it would be after the QE is gone, and any uncertanty, it would move the market south... ALSO "The deceleration in real GDP in the fourth quarter reflected a deceleration in private inventory investment, a larger decrease in federal government spending, a downturn in residential fixed investment, and decelerations in state and local government spending and in nonresidential fixed investment that were partly offset by accelerations in exports and in PCE and a deceleration in imports. Careful on this rollercoaster. Do not try to catch the falling knife before it hits the floor, and let the market sink, sink, sink, sink before doing any bottom fishing. buy LOW sell HIGH is always the recomendation.