The market is clearly confused...buyers want to keep pumping but there's really not much to pump in the way of evidence. If ugly news starts coming the doors are going to be stuffed with sellers. If more money pours in at this point without any indication that things are looking great I'd be amazed. Now seems like a terrible time to be buying. Everyone hedged?
Compared to Mr. Greenspan, Mr. B. is a breath of fresh air. But look at the mess he has been handed by Mr. G., who led the Fed to historic rate cuts to get his buddies elected, nevermind the eventual fallout. Now Mr. G. says he thinks "...the worst is over." Well, i regret to inform you Mr. G., but we still have 21 more months of the "worst" ahead of us, no thanks to you.
No, no. The hedgies won't squeeze me out. I learned my lesson on Dow and Goodyear. Up 7 points in less than 2 weeks from entry. Long and strong, baby. $75 w/in 2 weeks from today. Bank it. Hey. Maybe you're trying to knock this down. Hmmm.
Forget the fed, they are useless, just follow the markets, crude oil and the dollar. When the dollar falls and cant get up, watch for the fed to jaw bone and act tough. Oil is making Ben look like a complete idiot.
I just bought 2000 more shares (through call options). Bull call spread, babeee! You are such a pessimist.
right? He should just speak the truth now so that everything can just tank and get it over with...feel like it's a long, slow tortuous death here...