September 17th Blogger Sentiment Poll

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Millionaire Now! by Larry Nusbaum

This blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth".

September 17th Blogger Sentiment Poll

Posted on 09/17/2007 14:19:51 | Link | Post Comment

FROM TICKER SENSE: This week's poll ties the all-time bullish record set on 6/18/07.

I voted neutral again and my stock account remains 100% invested in an array of tech, medical, biotech, and mining. I am also hedged (short 20%) QQQQ, SPY & RSP and long SDS. During the past week I made no trades. Today, I will sell some GG.

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The Fed meets tomorrow to discuss interest rates: Everyone seems to think we'll get a small cut. That should be good for the stockmarket, but won't significantly help the credit crunch. It remains ultra-hard for many people and many companies to borrow. It will work itself out once the lenders figure how much the bad loans may cost them, and hence, how much they have left.

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