Dow futures up 51

Discussion in 'Trading' started by pumpanddumper, May 23, 2007.

  1. Looks like another big day for the bulls and looks like my account goes down another few k.:(

    Market is rigged...
  2. Congrats to all overnight index longs. It pays to be a pig $$$
  3. the market is just f crazy
    hope there is a major sell off
  4. Maybe too many are "hoping" for just that :p
  5. Today is the perfect day to capitulate and get long.
  6. Actually, imo it is the perfect day to get short at least from a futures standpoint.
  7. And they like to think that they belong to the minority.

  8. S2007S


    Everyday the futures are higher and nearly everyday a new record is set on wallstreet. Remember how irrational the markets were in 1999 when everyone made predictions on nasdaq 10,000, we all know what happened after that. I tuned into cnbc this morning around 7am when they had more discussions on the bull market and nearly every single one of them was more bullish than the next. It seems these people only think this market moves in one direction,
  9. But... it does!?!?! :confused:
  10. As long as I see "rationalizations" like these, I'd be happy to keep my long position. What you fail to see is that in 1999, the valuations were at historic highs, while today, the valuations are at historic lows. S&P 500 has another 25% gain to make to be at a fair level.
    #10     May 23, 2007