FinanceAndMoneyBlog.com

I was chatting with a very close friend the other day, and we were talking about how much cash is sitting on the sidelines… in fact, so many hedge funds and mutual funds and regular investors are hoarding cash right now that I think there must be a massive amount of pent up buying power sitting on the sidelines just waiting to be unleashed on the market, and when that money finally does come roaring back into the market, there will be no where to go but up… since rises in demand automatically raise prices… and just as is happening now, significant lowering of demand will lower prices….

So, my brother and I had been talking about our investments or our lack thereof, and we started to really think about who is buying what investments right now… and then brother told me that he had his eyes fixed by Dr. Robert T Lin - and has highly recommended Dr. Robert T Lin as a top Lasik Eye Surgeon for Lasik Los Angeles and the surrounding areas… and then we started talking about how much money had to be invested at some point… since by nature money will keep flowing into retirement accounts and such as people continue to save for the future… of course right now, most of the smart people are in cash… and when the smart money comes back in, I think it will cause a massive, massive rise in the stock market… in fact, it is my guess that the majority of the rise will happen in a very short period of time…

Thoughts ?

Each day, depending on whether or not the market is going up or down… I talk to people who tell me… we are on the verge of total collapse… or they say, we are on the verge of the greatest bull market of all time…

Well, from DOW 8000, we were almost down 50%… so, if the DOW now goes back up to 14,000 - is that really the greatest Bull market ? or is just breaking even… I guess it all depends on where you buy in… ???

You guessed it… yesterday the DOW was down big, and today the DOW is up big…

Everyone is now convinced that the Banks are now completely out of the woods… well, I can’t predict the future, but I can tell you that we have no idea whether or not the credit crunch is over and we have no idea how long the subprime mess will continue to infect bottom lines…

Mandrake

The daily SEE SAW continues… yesterday we were up big… today we are down big…. down 293 points in one day… I think we are clearly in a BEAR MARKET. I think we are clearly in a recession.

I have heard that usually you dont know you are in a recession until you are pulling out of it… my guess is that this time around, people are going to know they are in one.

I see soup lines and suicides coming.

Sorry to be so grim, but if you were looking at what I am looking at… you would understand…

Mandrake