Re: Casey[s Dispatch...Stock Market setback Soon?? - Susan
in response to
by
posted on
Jan 14, 2010 08:36AM
Edit this title from the Fast Facts Section
susan:
I too am feeling uncomfortable about the market in general......
soc gen (french bank) has lower earnings, US banks have warned this week to expect lower earnings (some earnings are due this friday), on BNN they we talking about lower earnings for Cdn banks.....german manufacturing down.....problems in the UK, Spain, Greece....Dubai etc.....We still have not seen the impact of commercial real estate yet, we do not hear much about credit card defaults.....and the number of home mortgages that need to be reset is growing....
i am starting to take my profits where I can and reviewing my other holding carefully.
I do believe we will have a pull back....many of the talking heads are saying another 10% up during the next 3 months then a pull back.....10% up tick is not enough for me to risk the profits I have...I also think that if many are thinking we are good for another 3- 6 months then the professional traders will be out of the market before any of us retail investors/traders and the market will start to move lower quickly and before the 3- 6 months...therefore I would rather be live chicken......
I am watching my jr mining stocks everyday....and hesitating to put any new money to work unless i think there is money to be made in a day or two...
Just my thoughts...
Kim