Saturday, May 5, 2012

Weekly Wrap

Yes, I'm still here, and although I haven't written anything lately, I'm still following the stock markets.

I've remained bullish on the stock markets, but had the feeling that other investors might be uncertain after the S&P 500 crossed 1400-point level. So, like I usually do during periods of uncertainty in the markets - I do nothing, sit back, watch, and patiently wait. I'm not really worried that the market's going to crash anytime soon. Like I've said before, there is no way that the current administration is going to let that happen, especially in an election year.

But, if you don't subscribe to my corruption theories, and simply focus on the numbers for the past month, you can see that the markets really haven't found a direction, and that the herd is basically chewing on their cud, awaiting a signal from herd leaders before deciding which way to head.

Personally, I don't see any seriously wrong on the horizon that might spook the herd, so I'm just patiently waiting for them to keep following the lead of their own kind - the bulls.

1 comment:

  1. Well, looks like I was wrong on the herd being spooked, at least in the short term. May turned out to be a terrible month for the stock markets, just like it's often predicted. And the first of June was the icing on the cake.

    But, I haven't changed my outlook about where the economy is headed. Like I said before, fail is not an option to the powers that be. I'm still riding this downturn out, even if it takes a few months to turn around.