The funamentals are still terrible is correct, nothing at this point can sustain another long bull rally for 5 years, the last bull rally was due to the real estate boom, housing prices rising 20-30% a year for 5 years, low interest rates, strong consumer spending, cheap money.....this cycle wont come around for at least another 10-15 years. What can support the next bull market???? :eek:
finally, some logic in an otherwise convoluted thread. the answer sir is nothing EXCEPT smoke and mirrors from the fed and permabulls with an agenda that cnbc brings out to convince dumb money to buy the market here. its all smoke and mirrors and hype this last week. situation still terrible.
Its hard to convice a permabull what is Actually going on within this economy right now, they think some rate cuts makes everything better, especially when you see the DOW up 200+ points, it does take a little more convincing to tell them that the economy is still where it was last week. A credit crisis of this magnitude doesnt take a few months to unwind, it takes years. Job losses continue to mount while credit worries remain, as I continue to repeat myself over and over again the next fallout is Credit Card Debt, or as they say credit card delinquencies, close to $1 TRILLION WORTH.
S2007, the ultimate emotional permabear and stocktrdr3's evil twin brother, to the rescue. This thread is going downhill even faster...
The next thing we here from Europe is they are cutting rates now that commodities have backed off. Then all the economic data will suddenly start comming in great. See the fed is pretty much done. So the market can now move higher, the market forced the pussy fed to what what it wanted. NOW ALL NEWS WILL BE GREAT JUST WATCH HAHAH.
ok then, join your dumb money bretheren buying the market here. we're at new highs for this month, this is where you usually buy. youre gonna get smoked so hard on the downside. lucky for you, youre probably not allowed to hold overnight positions yet. im shorting the motherload when s&p hits 1370. hope it happens tomorrow.
According to the news, the market is rallying because a stock that sold for $170 a few months ago is now being sold for $10. Also because house prices have finally started to break down and so there is some buying. Property recessions end when anybody who mentions buying property is regarded as mad.
Yep, housing composite is extremely bullish <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1851571>
So let's just keep doubling down on DXD on every percent the Dow gains eh? Sounds like a great trade! What did ByLoSellHi say in his thread "FORGET ABOUT VOLATILITY, FORGET ABOUT TRADING, JUST GO SHORT!!!!!!" LMAO