Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
stop running at previous days high now... for want of a better place to place it..
Cheers
..........Kauri
S&P500 getting royally spanked again...new 5 year low...look out below!
Did I mention sub 1000 points!
Today Buffett has said that he has begun to buy US equities in his personal account...
...dictated by one major rule that says "be fearful when others are greedy and be greedy when others are fearful."
Cheers
.............Kauri
in Wednesday's carnage NDZ almost hit the bottom seen last Friday, while the financials heavy SPZ did not even come close. That action suggests that hedge funds have been in complete purge mode - indeed Citadel's largest hedge fund, Kensington Global Strategies Fund, is down more than 30% this year. These are glaring examples of forced selling and thus what bottoms are made of - perhaps any purchases of SPZ or NDZ here, will yield significant gains well before year end.
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