Are we starting to bottom out?

Howdy folks. Ok, so the situation as I see it, is that I might have been very bearish stating the number 4400 as the bottom of the Dow. I could have been wrong. However, I am not sure if I am willing to completely knock out the idea as of yet. If, for example, Honda saw fit to knock out it's sponsorship for the Formula One races (http://tinyurl.com/5eooz2){marketwatch.com} for economic reasons, then perhaps there is still a beast lurking out there. Since I am not wanting to enter communion with this beast, I want to try to revise my previous predictions of a 4400 bottom, but I need to see how this week fares first.

Some that read this blog may think that I am insane when I say 4400. Perhaps, some of you may think that is too extreme. Fine, we can try to put some checks and balances on this. Of course, I have previously mentioned that some of the best stocks to invest in during the Christmas season would be WMT and MCD. For more long term bets in tech it would be wise to put some money into MSFT, AAPL, and maybe it would be a good idea to look at YHOO. Would Viacom consider purchasing the troubled Yahoo? CBS has CNET, and I believe that CNET was a good move, so why not? Either which way, YHOO, is way below value, because it is still making money off its online ads, and there is still a great community base in Yahoo, especially internationally.

RHEL is a speculative look in tech, and I keep an eye on it, because, many businesses are going to question MSFT licensing fees. So how could I be schizo and say to look at RHEL? The emerging third world will continue to expand using Open Source. RHEL hopes lie overseas, rather than within the borders of the US and Canada. However, Microsoft should focus in simply expanding within the market that seems the most serviceable, and provide products that are streamlined for consumer tastes, and I believe that with the implementation of Windows 7 and currently, the Mojave Experiment (trying to let regular users know that its ok to use Vista) we are seeing this focus. It would be wise for Microsoft however, never to bring up lawsuits against users of Open Source operating systems ever again. Microsoft would show publicly a weakness, when it really does not have to. There is room for Open Source and MSFT to exist together.

The markets will continue to show lackluster performance, unless retailers, other than Wal-Mart, show substantial gains. However, with the Bureau of Labor Statistics reporting that there was a loss in Non-Farm Payrolls of-533,000 jobs in November, we will be looking at a bleak season. Some time in April, if everything works out smoothly, we should see that the market will be stabilize, however, I am going to agree with what many pundits have said, that the markets may not be in the positive until early 2011, and this is, only if we do not have a terrorist attack or some other dastardly thing happen within the borders of the US.

In my next blog, I'll be looking at riding the trading ranges. Not to worry, you can make money in any market, its just that its not going to be that easy. Readers to mrgnuopensourceman.blogspot.com may have noticed that I have not posted in the last couple of months. I am going to remedy that soon, not to worry. By the way, if you want to get more information on my view of the markets, I tweet all the time. Add me, I am thegreatspace in twitter. Thanks for reading, and hey, lets be careful out there!