RE: Fire sale of great stocks into the market...Cavedude, nice article, didn't I tell you the same thing last week? :) We are at the mercy of the fund managers who don't give a crap about as retail guys, and they never will.
We have had a great bounce this last week. But again, I will put the warning out there....Do not be fooled!! Like I said before, compare the chart of the DOW for Oct 2008 to our current one and it's identical!! Including this latest bounce!! The analist video that I posted also mentioned that the markets will rebound 15 to 20%, and then WHAM!!This crisis is just getting started folks. For the last how many months, all we heard was Greece this, Greece that...Notice what the headlines were these last couple of days after Greece's budget fell short of the IMF's goal??? It wasnt about Greece...it was how the Euro were trying to shore up all major banks! Why you ask?? Because the default of Greece is inevitable....they know there is nothing that can be done to avoid this from happening.
As I said before, this is just a "be careful out there" post. Only afford to invest what you can afford to lose!
GLTA