Wednesday, November 3, 2010

A true bull market

I know lots of traders are expecting some sort of pullbacks soon, including myself, but I am not sure we will get it and how deep it will decline. As time goes, the rally has gradually made this market a true bull market. Some characteristics I have witnessed but overlooked are: surprising good performance of the IPOs and investor bidding up the stocks even before their earnings, which shows no fear and optimism. So even in the coming days or weeks we will get a pullback, I guess it would be shallow and buyable.

2 comments:

First thing you need to read on my blog said...

Totally agree, not only Us market, China's market as well. The only reason I can think of is the liquidity government injected into the system. what do you think? lol

By the way, TSLA is really cooooooolllllllll.....always nice pick, Orz orz....haha

UCLATRADER said...

TSLA is a rocket today!