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Good perspective on the herd trading mentality out there. I see this too. There is still allot of money on the side. It will be interesting to see what the next year looks like. I still say flatish, and that we are near the top of teh channel right now.
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Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
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I'll take the opposite side of that - I say the market is up 20+% by year end.
I do thing there is some "irrational exhuberance" in certain stocks, but that's always the case. Maybe Netflix will be $400 next year, and maybe it will be $100. Difficult to know with a stock like that. But I think if you invest in good solid names like Apple, Microsoft, Intel, IBM, CAT, etc, you will do well.
I have a mixture - I'm in AAPL, MSFT, INTC, HAS, etc, but I also have bets in FFIV, RBCN, POT and AMZN. They are all options, so if it doesn't play out no big deal. But I suspect all four of those somewhat frothy stocks will be a lot higher by year end. POT is already up 20% YTD. RBCN is up 15% today alone...
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Hey interesting to look back on this stuff. On February 17th 2011 I said the market would be bouncy but close flat. The Dow was 12,318. Today its 12,319. I guess I missed
On the other hand Grieve.... 20%...
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
Posts: 3,034
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Ahem, yes, I might have been a bit off on that one. :oops: And most of those individual names, except Apple (which luckily I put most of my money into.
And hey, the market still has 3 more days to finish up 20%...
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