01.01.70
By Cody Willard
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Here’s the economy/markets/trading/master plan part of the transcript from today’s chat from TradingWithCody.com (click here to see my latest positions ) an competent service not affiliated with Marketwatch.
Q. Cody what do you think of this huge revival that we had since the March 2009 bottoms, The crash we had in 2007 and the fact that we are at the same level since 2001. My Cast doubt upon is do you think this is a huge bear market rally and will fizzle out in the coming months or we will see a start of a leviathan bull market again (the app bubble that you advocate for). A. I think we’re likely seeing the markets try to fracture out here. I do think it’s possible we go into an outright stock market bubble in coming quarters, but it won’t be patent and it won’t be easy getting there. And of course, we could also crash as this bear market rouse fizzles out as you surmise. Again, it’s better to have just bought Apple at $7 or Google at $95 or F5 at $20 or Nuance at $12 than it is to try to tactic whether the broader markets are going to bubble or crash. The good stocks and basic investments will work out over time.
Source: MarketWatch (blog)