I still think that the more ppl thinking of major correction, it will not happen. When everyone start jumping in, then that is when the market will start crashing. Those late comers will have to     

I will definitely cash out when I see more people buying stocks. As of now, everyone still licking the wounds suffered last yr, except of course....all of us     

How do you know they dun have money? Maybe they are gambling in DJIA, that is why on and off, we see profit taking...etc

Still not full yet. The boat still have limited space before starting to sink. So, try lure more ppl to play stocks 

The energy sector is not participating in this rally. That means we're already at the top. 
Too much oil floating around, no demand at all. The oil companies have to spend
more money to buy storage to store them for future use and will continue to lose money this way.

When the Dow pulls back later, energy will fall.    Very good for shorts to make money here. 

old hand lie low because all money in jor. Waiting for economy recovery then sell. 
As for me, I think I wouldn't be trading for the next 2mths. My portfolio already completed. market up or down in short term most likely won't trigger me to buy/sell. cross finger 

Even if it is a bull trap, any overshoot market can last up to months time before realistic/wake up call kicking in. The gov stimulus money effect can last for months that can hold the market and businesses out there.

The major worry is not in US anymore, focus is shifting to potential China asset bubble.

Market is always undershoot and overshoot on both way.

We undershoot at March, now just a reversed trend only. Previously panic selling, now become panic buying from fund managers as it market rally they drop out, say bye bye to their job or bonuses.

Over the long term, crowded trade is always at the wrong side one. The more people bought or comment on something, the higher chance it is the opposite. Just like when oil was at USD140, all people said it is heading to USD200, nobody even say it will go back to USD70.

So if current market, there are more people pessimistic about the market then higher chance the bull still can go on.
But if current market, there are more people optimistic then higher chance bear is lurking around.

If S&P 500 company EPS drop 30%, then stock market should drop 30% as well. So if previously S&P500 is 1,500, drop 30%, then it is about 1,000, which is current market is trading, seem logical.

Stock price should always go hand in hand with EPS figure.

I don't deny market is hugely overbought and overbought again. But Asian market seems like not following the US market tightly anymore because of concern over-run on short term.

No to say I am optimistic, but one key question remains to reflect the current situation, why cash out and take the money off the table? To keep in FD with zero interest rate? That's the primary reason and situation we are facing now.

You own some good fundamental stock, even they are paying you 3-4% dividend yield, there is no reason for people to cash out unless we see deteoriation in fundamental and economy.

LPI. Very good company. Too bad, I was soooo short sighted to think I can buy lower when they are giving RM1 div annually.

No, AIG is a trap. Stay away. The price will eventually go down and collapse under toxic asset
when tons of those ARM rates reset again early next year. The only thing propping up its price is because of those short sellers that got caught.

Just barely two weeks ago, Canadian Bank says "Recession is Over" woo Hoo, popping out champagne! 
http://www.cbc.ca/money/story/2009/07/23/b...y-recovery.html

Barely 24 hours ago. Canada govt reported "Huh? What Recovery?" 
http://www.google.com/hostednews/canadianp...AaHr6oVrlDPY5zQ
http://www.thenewsroom.com/details/3762343

Does US really have "less bad" unemployment data? The "worse is over" they spin this?
True unemployment figure is already over 16%.
http://www.foxnews.com/opinion/2009/08/07/...t-unemployment/
The fact is, many people already given up looking for jobs and some already past their 13 weeks of unemployment claims and those numbers won't get reported.

As for US housing, the temporary fix by their govt to help those home owners to  refinance isn't going to last because majority of them have subpar credit. Within two years, half of those mortgages will be under water again.
http://news.yahoo.com/s/nm/20090805/bs_nm/...ng_deutschebank
IMO, they're just on borrowed time.

Recession is over?  Yeah right. 
People just refuse to accept reality the worse is NOT over.

I think US market could fall big time later end of this year or early next year. This rally mirrors the Great Depression where people thought the recovery was real after the big drop, then got caught with another 40% drop.

How's that for bear view? 

ok ok brace yourselfs!
got a feelin OnG stocks gonna rebound big time tomorrow.

Typhoon..man... typhoon.  Betcha oil speculators are saying..opps.
they're shutting down the oil platforms over south-china-sea - too dangerous to operate.
Time to jack up the Oil price. 

Also, evil Goldman Sach team also want their $85/barrel to come true @ Nymex.
They're paying witch doctors to conjour up bad weather at Gulf of Mexico.  

On other hand. Taiwan did delay their planned petrol price hike because of the typhoon
- to help ease the long queue (buy it before the price hike) - actually causes self-fulfilling prophecy.

Bears have no tail, unlike the bulls.. sometimes chase after their peer tails - stampede and rolled over the cliff.
Bears just wait quietly and claw them when they fall out from the sky. 

The next quarter will be interesting.   

yeah! but drop a bit jor...

David! If you sell RCECAP, sure match liao! 

You see a lot of ( RED ) flags there.

KUALA LUMPUR: The worst is over in the world economy, but full recovery will be a long time coming, said Nobel prize-winning economist Paul Krugman.

He said measures such as sustained government spending, coupled with fiscal stimulus had brought the world to the point of "rough stabilisation", adding a technical recovery in the US was currently in the works.

"The US is roughly at a turning point as we speak," he said at the World Capital Markets Symposium on Aug 10.

Krugman, who is also professor of economics at Princeton University, said it appeared the global economy had avoided "Depression 2.0".

He said, however, there was every reason to believe a recovery would be characterized by higher growth and industrial output, but lagging employment.

"The world looks like it is heading towards becoming a globalised version of Japan in the '90s," he said.

He said a full recovery was at least two years away, and governments would need to try all different measures to bring recovery, such as implementing more stimulus packages.

What we need now, is effective and efficiency of the running of the stimulus package.