Comments on: Max sell http://sovereignspeculator.com/2010/03/18/max-sell/ Thoughts on the markets and the decline of the west Wed, 16 Nov 2011 04:30:31 +0000 http://wordpress.org/?v=2.6 By: jay http://sovereignspeculator.com/2010/03/18/max-sell/#comment-8830 jay Fri, 19 Mar 2010 01:42:10 +0000 http://sovereignspeculator.com/?p=4344#comment-8830 Mike, I really appreciate your macro perspective -- but not your market timing. Unless, that is, you want to carry a position that runs 20-40 points against you before it turns in your favor. There may be a correction in this rally, but only about 20-30 points before it resumes its march toward 1200. The big correction isn't here yet. Maybe after May. Maybe after an obvious trigger in the markets. Who knows? Until that happens, my bias is long S&P as long as money remains cheap and chart structure changes. Mike, I really appreciate your macro perspective — but not your market timing. Unless, that is, you want to carry a position that runs 20-40 points against you before it turns in your favor.

There may be a correction in this rally, but only about 20-30 points before it resumes its march toward 1200. The big correction isn’t here yet. Maybe after May. Maybe after an obvious trigger in the markets. Who knows? Until that happens, my bias is long S&P as long as money remains cheap and chart structure changes.

]]> By: Graphite http://sovereignspeculator.com/2010/03/18/max-sell/#comment-8819 Graphite Thu, 18 Mar 2010 20:48:21 +0000 http://sovereignspeculator.com/?p=4344#comment-8819 As measured by the junk/investment grade credit markets, optimism now EXCEEDS that of 2007. Junk bonds are now more richly priced relative to investment grade than they were at the 2007 peak: http://www.financialarmageddon.com/2010/03/2007-redux.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+financialarmageddon+(Financial+Armageddon) As measured by the junk/investment grade credit markets, optimism now EXCEEDS that of 2007. Junk bonds are now more richly priced relative to investment grade than they were at the 2007 peak: http://www.financialarmageddon.com/2010/03/2007-redux.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+financialarmageddon+(Financial+Armageddon)

]]> By: GolfBoy http://sovereignspeculator.com/2010/03/18/max-sell/#comment-8818 GolfBoy Thu, 18 Mar 2010 20:27:29 +0000 http://sovereignspeculator.com/?p=4344#comment-8818 I have my finger on the trigger. I have my finger on the trigger.

]]> By: Graphite http://sovereignspeculator.com/2010/03/18/max-sell/#comment-8805 Graphite Thu, 18 Mar 2010 16:39:39 +0000 http://sovereignspeculator.com/?p=4344#comment-8805 I'm still here but definitely glad the trading account was mostly in Dec 2011 paper the last few months. Still slowly building the positions. I’m still here but definitely glad the trading account was mostly in Dec 2011 paper the last few months. Still slowly building the positions.

]]> By: PEJ http://sovereignspeculator.com/2010/03/18/max-sell/#comment-8800 PEJ Thu, 18 Mar 2010 15:47:01 +0000 http://sovereignspeculator.com/?p=4344#comment-8800 I'm still here mike :-) Though away from my workstation until tomorrow morning... the CAD seems ripe for selling as well... I’m still here mike :-)
Though away from my workstation until tomorrow morning…
the CAD seems ripe for selling as well…

]]>