Originally Posted by Mr Nice
alarmguy,
You think this bull run from 2009 will keep on going for how much longer ?
Like I said before.... I was selling Oct - Jan cause I think it's coming to an end later this year. CV might just speed things up quicker and the inevitable will happen.
I have no idea, absolutely none and I am willing to bet, no one does, not even the giants in the industry. Dont forget those big companies almost brought down the worlds financial system in 2008, Some will get lucky and some will lose, because they cant gauge the public reaction.
These are my following impressions only.
Too many unknowns, mass media hysteria and we really do not know if this virus will turn into a massive problem, no one knows but most important, its the publics perception which right now looks off the wall because of the insane amount of coverage the media is giving it.
I learned a long time ago not to fight the market, I still tend to though but this time, I just dont know, how are we going to know if Joe public is going to stop buying stuff because of this virus.
I think we are walking a tight rope, with the coverage its getting, if this virus even gets as prevalent as the Flu, even if its no worse then the flu, the media coverage will have people in panic as of right now it is a nothing and stores across the country are wiped out of certain goods, my god! *L*.
I personally feel the whole darn thing is so overblown that it is insane, to me, right now, Im taking a chance with (symbol) WMT, Im not putting my life assets into it but Im up 20% from the markets open and feel strongly about where this company is going long term but even with that, who knows if plans will go right with any company?
ALl I know, the market has had a huge run and I am not investing an insane amount that I can not afford to lose but enough to really sting me, maybe more mentally! I dont know*L*
I am not in anyway promoting WMT heck for all I know it can fall 20% when the market opens in a couple hours from now.