...and like a drunken sailor on shore leave heading towards a brothel with a pocket full of cash, I log onto my trading account and pour money into QLD. So sick.
I was the first person commenting on others lists that the dow would tank to 8000. I now think that's the bottom and am looking to go long on the market and QLD is like QQQQ on steroids. Here are a few reasons why I think we'll come out of this bottom sooner than most people think
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Note: I'm also going to put some dough into 3 other stocks. 2 are purely speculative plays where I think the stocks are good companies beaten down way too much, but will obviously comeback. The third is my warren buffet play...I've noticed I've always made money when I followed his lead.
bottom line, i think we're better prepared to meet any recession than ever. It's mostly a housing/banking recession. I don't think as many jobs will be exported because they are starting to pay people in India HUGE money...$4k/month in India must be one hell of a fortune. So, allow me to be the first to dive back into the market now that the Dow has tanked to my prediction of 8000.
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bottom line, i think we're better prepared to meet any recession than ever. It's mostly a housing/banking recession. I don't think as many jobs will be exported because they are starting to pay people in India HUGE money...$4k/month in India must be one hell of a fortune. So, allow me to be the first to dive back into the market now that the Dow has tanked to my prediction of 8000.
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