ha, come on, calm down now. We both know this 2000+ point rally in the dow and the 300+ point rally would not have happened if it were not for the fed and government, they are trying to avoid a deep deep deep recession that will last a decade or more by printing free money and keeping rates at historical lows. You can keep believing what you see but I know that you will be able to buy stocks 5-10 years from now at what they are trading today, you will be able to buy dow 10,000 in 2020, the market may look like its headed back to the magical 14,000 number but in reality its not. Everything is being propped up, go outside and look at the houses in foreclosure and commercial real estate piling up, the bottom is far from being found.
You have got to be one of the dumbest posters to ever post on this website. Traders couldn't care less why prices have rallied as they have. It's meaningless. What's important to a trader is capitalizing off of the move, and MAKING MONEY!!! That means having played the LONG side of the market . . . something that you have no idea how to do. Congratulations. You have once again shown everyone here why you have no idea what you are doing, and proof once again that you continue to talk out of your butt every time that you post. You have over 8,000 posts on this website ( most of which are in the Trading Forum ) and yet you have no clue what you are doing, and don't have any understanding of technical analysis and price behavior whatsoever. You can post every BEARISH "cut and paste" article that you can find since the March lows and talk the doom and gloom of "Nouriel Roubini" until you are blue in the face, but it has nothing to do with the markets or the FACT that people have made a fortune off of playing this market from the long side since the March lows. It's clear to many here that you are full of BS. All you do is rationalize, make excuses, and tell lies. I repeat: Time to pack up and leave. You have no credibility here.
Not packing up anytime soon. Im sticking with my opinions about the market and that's that. You can look back 4 months ago and say of course it was a great buying opportunity but no one would have guessed a 40% rise.
You have admitted that you don't even TRADE the market for a living . . . so why would anyone put any credibility into you and your worthless "cut and paste" posts full of doom and gloom? Face it. You missed out on a tremendous BULL move that has amassed +300 S&P handles since March. And yet you continue to make excuses... "No one could have ever imagined such a move" Blah, blah, blah... Do you realize just how childish and amateurish you look by saying that? No trader in their right mind would ever make an "excuse" like that. Get real. PRICE means everything. Your "cut and paste" posts are meaningless, and so are you.
Who cares WHY THE MARKET RALLIED? Does it make any difference? At the end of the day either you made money or lost money. Right?
many of the bargain hunters in october and nov. 2008 who thought they bought the lows got stopped on the march 9 lows. some stocks were left to die into oblivion with almost no volume in march 2009 than came the gov't stimulus plan and gov't intervention into the markets. everybody thought Citigroup was going bankrupt which technically is bankrupt if the didn't get any gov't money. There two major companies in jan feb that went chapter 11 gov't wants it money back too.
4 out of 5 headlines on cnbc at the upper right hand corner are showing how pathetically bullish they are, I really want to see the DOW 10,000 caps on all those idiots when it happens..... I guess Cashin is going to the bullish side after weeks of being bearish. # Beyond Dow 9,000: Pisani Sees New Bull Signs Don't be fooled by the flat Dow and S&P Friday: The weak results from Microsoft and Amazon should have dropped the markets more ââ¬â but today was a victory for the bulls. # Art Cashin: Dow 10,000 Possible Near-Term # 4 Stock Trades for Next Week: Energy, China, More # Pros Say: A 'Good Time' to Buy Equities # S&P Headed Straight for 1,250: Strategist
Technically, the move off of 880 looked pretty convincing. Don't know what is causing it, but i'll take it.
If you guys are short, you better cover 'em when the $VIX starts coming down. Carl Swenlin believes the S&P will go to 1,200. http://www.decisionpoint.com/ChartSpotliteFiles/090724_bt.html