Lucky 13

It is extremely rare for a market to go down for 13 trading days without a real bounce as this one has done. Last year we went down for 13 days without much of a bounce, which culminated in a huge plunge after the US was downgrade by S&P.  Previously this was an extremely rare occurrence. Stuffing $18 billion worth of Facebook shares into a very weak market did not help matters. This decline continuing much longer would have very few precedents. Have a great weekend.


Asad B said...

The market the past few years has loved unprecedented.   I agree the FB pricing didn't help as retail investors jumped in with both feet.  Now if FB goes down on Monday we can be testing new lows.

Shubh Desai said...

I am subscribed to Elliott wave theory for market guidance
from Bear point of view because I am myself an optimistic investor who continuously
look for value investing. So I need a bear view to slow down sometime. Any way
they are predicting market top and now we are going down below 2009 low (they
call it wave 3 of 3 of wave C. They call it market triple top (200, 2007, 2012)
which is mirroring market triple bottom (1972, 1980, 1982). They are saying to
go in cash or sort or go long dollar.

I am 50% invested in high dividend stock of mREIT, MLP,
Integrated oil companies like BP and TOT, big pharm like SNY and AZK, and
international telecom like VOD, FTE and TEF (international telecom sector is the
most beaten down sector).

I got MLP and mREIT idea and interest from Mark Cuban. He
invested in 2008 bottom in these sector. I was interested in 2010, 2011.

Let me hear every one though on this.

Tsachy Mishal said...

Unfortunately, I cannot give investment advice on specific portfolios.