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Old Feb 24th, 2012, 11:48 AM   #25
Trendytrader
 
 
Join Date: Jan 2006
Location: Moon
Posts: 1,095
If the USD keeps getting sold off like it has over the last few weeks then market will continue to climb. However, it is all relative when you convert S&P500 or DJIA to another currency or gold or oil. On that basis we are standing still.

USD is looking very sick. It appears we have central bank action at work.
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Old Feb 24th, 2012, 11:52 AM   #26
Ted85050
 
 
Join Date: Feb 2012
Posts: 7
I went short on a gambling stock and it continues to sky rocket. Am I going to have to wait until after the election in November to break even?
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Old Feb 24th, 2012, 11:53 AM   #27
Frank Coolidge
 
 
Join Date: Feb 2012
Posts: 11
Yup. I agree load up on Gold. The major cycles last about 20 years and money flows from Gold and silver into real estate and then back into the stock market. It doesn't mean you can't make money in any of these areas when the majority of people are not in them. Actually about the time the masses all focus on one area is when you know it is time to move on.
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Old Feb 24th, 2012, 01:29 PM   #28
travelingtrader
 
 
Join Date: Feb 2005
Posts: 178
Pardon my ignorance, but does the Fed REALLY buy tons of ES and SPY to drive the market up? Or are you guys just joking around?
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Old Feb 27th, 2012, 11:55 AM   #29
joespo
 
 
Join Date: Jan 2012
Posts: 11
Quote:
Quote from travelingtrader:

Pardon my ignorance, but does the Fed REALLY buy tons of ES and SPY to drive the market up? Or are you guys just joking around?
LOL! I am wondering the same thing!
Either I'm stupid for not knowing this or stupid for blindly believing it until I saw this post!
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Old Feb 28th, 2012, 12:15 AM   #30
ScalperJoe
 
 
Join Date: Mar 2010
Posts: 719
Not sure if they actually buy the ES and SPY outright. The Fed creates an 'easy money' policy by purchasing US Treasuries which floods the banks with liquidity. This money ends up funneling into the stock market, since rates are so low.

There is always chatter of a PPT (plunge protection team) but the Fed will never admit it, so it's labeled as conspiracy theory.

However, the term "quantitative easing" or "QE" used by the Fed is simply a defacto way of pumping up the market.

Check out this link for more info:

http://en.wikipedia.org/wiki/Working...ancial_Markets
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