31 ordspråk av John Bollinger
John Bollinger
The problem remains uncertainty on the part of investors.
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The psychology that led to the decline has been digested.
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The seasonal patterns are very clear and they can be a good guide. 'Sell in May and go away' is generally correct, but not absolutely so.
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The stock market has been going sideways for a very long time now, and it looks to me like it will continue to do so.
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These massive market consolidations are caused by massive overvaluation. What happens is the market pauses and waits for earnings to catch up. It does that by going sideways.
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They've got a huge amount of media coverage and their big message is that the current administration has [messed up] the economy, ... I think we'll chew sideways until we get through this feeling of negativity and then go back to the upside.
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This is typically when important market bottoms are built. But I'm sitting back and waiting to be shown.
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Today's swings reflected uncertainty at the end of a week in which investors were pelted by wildly conflicting news on both earnings and the economy, ... Every good report this week has met with a bad report. Yes, the market is trying to establish a bottom but it's not a done deal yet.
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Today's swings reflected uncertainty at the end of a week in which investors were pelted by wildly conflicting news on both earnings and the economy. Every good report this week has met with a bad report. Yes, the market is trying to establish a bottom but it's not a done deal yet.
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Typically, in the year of an election, 'Sell in May and go away' doesn't hold very well,
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We're in a long-term sideways type of market, a consolidation market, typified by alternating cyclical bull and bear markets lasting a year or two each,
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We're still in a position where stocks are too widely owned, ... and the people that own them own too much.
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We're taking a lot of the people out of the market permanently. We're losing a whole generation of investors.
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What worries me is that we haven't really seen a sign of strength, a point where the bears are overpowered by the bulls and throw in the towel, ... That would indicate a dramatic shift -- essentially the breaking of the camel's back.
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With today's dips and testing of the July lows we might find a sustainable low here, but only if the information picture for investors changes, ... I don't see that happening anytime soon.
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