The Mudcat Café TM
Thread #103585   Message #2111974
Posted By: Donuel
26-Jul-07 - 02:13 PM
Thread Name: BS: Stock Market 07
Subject: BS: Stock Market 07
I sold ALL my positions over the last 4 weeks. :*)

Now as soon as we can find the basement of this current correction which could go as low as 15%, it will be a good time to buy IBM Texas Instruments and maybe even GM and Ford.

The drop will probably let up next Tuesday.
One reason is the JP MOrgan Bank, Citigroup and others taking a huge hit on sub prime lending losses. We all saw this coming like a train on the Kansas horizon.

Right now trading curbs are in effect after a 349 point drop in the DOW.


I have no tip other than to view the market like pro wrestling.
Its fixed, so watch for the way in which the trillion dollar investors are setting up people to take the hook... then wham they pull the hook and sell big.