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tripledtrader

Registered: Jan 2003
Posts: 88

06-29-12 07:53 PM

Long run....we may still have problems (as I've indicated in the article), but short-run, everyone is way too bearish. Nothing goes down when the overall sentiment is this bearish. Even on CNBC this morning, the commentators were preaching to sell this rally. The herd is short, and I think they are going to feel some short-term heat. I think we could see some follow-through next week.

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failed_trad3r

Registered: Oct 2009
Posts: 1612

06-29-12 08:52 PM

Rally will continue because top in bonds. Rotation out of bonds is gonna start next month. Where does the money go? Probably into stocks.

Also earnings next month. I am long GOOG at $575 for earnings play in 2 weeks.

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FreakofNature

Registered: Jun 2011
Posts: 1059

06-29-12 09:01 PM

Quote from RangeTrader:

This rally will take a breather next Tuesday, but I ain't shorting anything unless it rallies straight into next Friday.

Probably not shorting anything until the daily rally cycle after this one completes actually.

Merkel brought the bulls back!!! Hooray!!!

Too funny when one considers what your indicators recently told you lol

1,2,3,4,5 OOPS!

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S2007S

Registered: Aug 2006
Posts: 13835

06-29-12 09:05 PM

Taken from yahoo finance.

A lot of optimism!

POLL

How do you think stocks will perform in the second half of 2012?

Stocks will rise (21581)
44%
Stocks will fall (12826) - your vote
26%
The second half will be flat (14265)
30%

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S2007S

Registered: Aug 2006
Posts: 13835

06-29-12 09:13 PM

Oil up 9% because?????

That is the joke right there....

The problem with these bailouts as I have been saying for the last few years is that it hasnt allowed for prices of goods and services to drop to a level that is reasonable. For instance the bailout of the housing market, housing prices would be 25-50% cheaper if it werent for all the handouts given, the tens of trillions of dollars being printed and pushed through the worldwide economy has kept prices higher of nearly every item we purchase and every service that is offered to the public, nothing is in line any more. As for oil it could easily push back up to 100 if this market rally were to continue for the next month...prices at the pump have come down, but it wont take long before prices push higher after todays 9% rally.

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