After listening to Jim Crammer's Mad Money today, I still don't feel confident enough to buy more shares of stocks even though he is super bullish about current stock market or our national wide financial situation.
Here are the 10 tests from his show regarding how do you determine today's market is still healthy to buy.
1. Transportation industry is doing well, has big rally recently. This means commence is picking up.
2. Bank index reared. Specially financial ETFs going up a lot, almost reached its high since 2008 financial crisis.
3. Responsed to brokerage upgrades; when it's in a diseased market, nobody cares about brokerage's upgrades.
4. Technology leads the market again. Almost all of the technology stocks increased more than 50%
5. Too much cash still on the sidelined or outstanding. It's time for cash to come back rather than sitting in the bank earning nothing
6. Takeover announcement traded positively
7. Investors lap Equity offering.
8. IPO market finally got hot. There was simply no appetite for new issues on Wall Street until now. Financial Engines Inc. rising 44% after pricing above its expected range
9. Market got good breath
10. There are still well too many bears.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment