Posted on 29 February 2012 by Scooter
For the first time since 2007, I feel like a positive move in the stock market is not fools gold. 13,000 is just a number but as the Dow moves about 13,000, I at least feel like it’s worthy of the number. Based on everything that’s happened, I’m still hesitant to believe the stock market has any great upside move in store for us. But, at least I don’t feel like we are going down significantly either. I’ve kept so much of my money in case over the past several years and will probably do so for the near future. I think I’ve missed any significant move up with my cash on hand but who knows.
I’ll tell you this…even if I miss a move, I will still be cheering because at least our economy is doing better. Three cheers for the Dow finishing above 13,000! Hip, Hip, Horray! That’s good for most everyone.
Posted on 10 November 2009 by Scooter
I feel sorry for the Bears. October is gone and they don’t have the potential for an October plunge in the stock market. Traditionally, November and December are good for stocks. The Bears will just have to hope for bad economic news in their stockings this year or wait until the stock market gets overheated.
Frankly, I think the stock market is really close to overheating right now. We are most likely at the bottom or close to the bottom of one of the worst recessions of all-time and the run up since the bottom has been fast and steep. He’s hoping the stock market catches it’s breath and hovers for awhile until we can get jobs created. The dramatic ups and downs of the stock market are no fun.
For the Bears, go hibernate. We’ll see you in the spring.