Sunday, May 31, 2009

Still on the edge

I haven't been writing for a while because, as far as stock market trends go, nothing has happened in the past three weeks. Since my previous post, the S&P 500 index closing values have remained between 880 and 920.
My Roth IRA remains 100% in GRZZX.


linc campbell said...

I think your best time to sell out of GRZZX may have passed (April 1, 2009 to be specific):

...and your time to buy the market may arrive in the next week or so, assuming the market continues it's upward trend:

jolly_rancher said...

The market may be ready for a sell-off now. Bullishness is at a high. Even Lazlo Byrini is bullish. Also, I notice the TED spread has come way down; the Baltic dry index is way up; while stocks have kind of churned. The problem is that many who were short are probably looking to go long on any sell-off. So we may be facing a huge short covering rally before any sell-off. It's a coin toss.

Alan said...

Don't you have any stop/ exit point for GRZZX?

What about your non-retirement account? Is it also net short equities?

Keith Wilson said...

Thanks for posting again. It's been a while.
It would seem like it's nearly impossible for your research "bots" to take into account all the geo-political upheaval re: GM, the banks, and gross negligent spending by the govt.
Having said that, where do the bots project we'll be in the next 6 months to a year?