John Gourhan AVMStory.com

Tuesday, February 17, 2009

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Market

1/23/2012-

Market has been on a steady rise for about a month- getting closer to the numbers before the crash in 2008.

Still waiting for the problems with Euro to dampen the latest surge. Greece may yet drag the rest down.

For the year- not much of a chance to make profit except for some options play in November when Citi and BAC were so low I couldn't resist buying some Feb and May calls. I'm already out- would have made extra if I had held on, but a tidy profit is okay also.

3/10/2011-

Market since last posting:

Went from 11,357 and corrected- but only to 11,007 and then has gone on a steady climb until all of this global unrest. Didn't think it would rise so high. Maxed out at 12,391- and is now down to just under 12,000. So, what now? Icahn has given capital back to outside investors. He claims that he doesn't want to be responsible should the market become negatively unstable again.

He states concerns over the run-up of the last two years; political unrest and the economic outlook as worrisome items.

I'll place "Stop Losses" on accounts then revisit buying later on.

11/09/2010- Dow down today- beginning of a correction? Most likely- afterall- we improved from 10,000 in September to 11,400 in November- if sustained over a year, we would have a market equal to 18,000 plus by next August. Rather unlikely with global fears, (especially the european countries- see Ireland, Spain and Portugal) the dollar uncertain, a huge deficit, more foreclosure problems, unemployment, and terrorists just waiting for their twisted moment.

Should see us at 10,500 and maybe another buying opportunity. I'll be scouring Mutual Funds and have been buying into some high yield bond funds- but that may be another bubble waiting to burst.

Who knows- I'm working on a modest 10-15% gain for this coming year.

John Gourhan AVMStory.com

Tuesday, February 17, 2009

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