Comments for Millionaire's Coach® http://millionairescoach.com/blogmc . . . because a little (or a lot of) wealth never hurt anyone. SM Mon, 15 Feb 2010 22:54:04 -0500 hourly 1 Comment on Main Street Investors’ Strategy Sucks by CEO http://millionairescoach.com/blogmc/?p=25&cpage=1#comment-2 CEO Mon, 15 Feb 2010 22:54:04 +0000 http://millionairescoach.com/blogmc/?p=25#comment-2 Been watching the market in recent months? It is said there is something psychological about the 10,000 level. It is true that people tend to attribute speciality to certain numbers that in and of themselves in reality are no different from any other number be they dates, seeing the same number two or three times in a day in different settings and believing that is a sign you should bet on that number, and so on. I stand by my comments above that the market is currently more reasonably valued in the upper 9000s. In recent months market value has, in my terms, speculatively responded a few hundred points with signs of an increasingly faster recovery- only to sell off with the latest negative financial news from Europe, the Middle East and the BAEE (big ass eastern economy) tightening banking criteria (which in my opinion, while they persist in manipulating its currency's value to the detriment of the rest of the world but which eventually some day bite them in the arse, all else considered is a good thing so its economy doesn't overheat and implode like the USA's did). Some of the few hundred point run up was in my opinion due to some speculative inflows because of less negative USA jobs numbers around year end 2009, beginning of 2010. Remember however those end of year numbers are usually subject to some revisions more so than other periods. If you're watching unemployment claims and betting on the market, remember to expect a probably ever-so-slightly noticeable decrease in unemployment claims caused by the spurt of hiring by the feds to conduct the Census- as in TEMPORARY. The impact of that slight slightly less negative jobs news, might cause a couple of hundred points of run up (a behavioral response not definitively based on market valuation) which can soon be given back if not very very soon accompanied by sound growth indicators beyond what already exist and have already been factored into market valuations. Been watching the market in recent months? It is said there is something psychological about the 10,000 level. It is true that people tend to attribute speciality to certain numbers that in and of themselves in reality are no different from any other number be they dates, seeing the same number two or three times in a day in different settings and believing that is a sign you should bet on that number, and so on. I stand by my comments above that the market is currently more reasonably valued in the upper 9000s. In recent months market value has, in my terms, speculatively responded a few hundred points with signs of an increasingly faster recovery- only to sell off with the latest negative financial news from Europe, the Middle East and the BAEE (big ass eastern economy) tightening banking criteria (which in my opinion, while they persist in manipulating its currency’s value to the detriment of the rest of the world but which eventually some day bite them in the arse, all else considered is a good thing so its economy doesn’t overheat and implode like the USA’s did). Some of the few hundred point run up was in my opinion due to some speculative inflows because of less negative USA jobs numbers around year end 2009, beginning of 2010. Remember however those end of year numbers are usually subject to some revisions more so than other periods.

If you’re watching unemployment claims and betting on the market, remember to expect a probably ever-so-slightly noticeable decrease in unemployment claims caused by the spurt of hiring by the feds to conduct the Census- as in TEMPORARY. The impact of that slight slightly less negative jobs news, might cause a couple of hundred points of run up (a behavioral response not definitively based on market valuation) which can soon be given back if not very very soon accompanied by sound growth indicators beyond what already exist and have already been factored into market valuations.

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