Thats one thing I will never ever ever ever understand...is market psychology....just a week ago you had people rushing to sell out of this market as the dow was about to drop below 16,000 and here we are a week later with everyone rushing into buy it after the fact its up a 1000 points, wouldn't you think people would take a step back and say well XYZ was trading at $100 last week, its now at $115, I'm going to wait until it comes back down to $105 to buy, nope they rush in paying $115 for the stock that was $100 5 days ago, and what caused that spike in the price, nothing but market momentum...Like I said there is nothing that has changed from 5 days ago to warrant a 1000 point rally, there is no new market leadership, earnings predictions are looking worse than last quarter, IMF is talking about an even bigger slowdown, unemployment missed by a wide margin and the fed has not a fu$king clue whats going on.....I will never understand how that works....Does fear subside as markets move higher and people make themselves believe that there is only one way, UP...its like when markets are in a huge rally you only think markets can rally more and when they are in collapse mode you step away thinking they are only going to fall further.....but like you said its funny to see the herd tripping over each other to buy this market 1000 points higher...
INDEED....as long the market knows the fed isnt moving anytime soon and free money is here to stay then why shouldn't the market cheer over this....the longer rates stay lower the longer wall street parties but we all know about the after after party and how that ends......
Its the "speed" of the market...thats why these hft's and algo's are genius from the standpoint of the "trap and harvest" nature of the market...I think it's also the fear in the back of everyone's mind that this could become 2011 or 2014 all over again (regardless of all the technical damage)...I could go on a long rant about all of it, but I'm exhausted and gave back alot of gains this past week.
no worries will blow through 2050 by early next week and by end of october early november the s$p will be back at fresh 52 week highs....just keep buying...zero risk is back on!!!! where is support now after this huge rally?
The monetary policy of the US Fed Reserve drives the stock market. Not earnings or anything else. I will be repeating this as often as is required and may also post some more Queen videos.
Thats all it has been but many don't want to admit that!!! As long as zero rates are here the markets are worry free....any downside and the fed will just push more QE into the system but that would take a serious drop to do so, like 5.5% unemployment and a dow under 14,000...
There is a flip side to that argument...Namely, that the "market" can be guided in such a manner as to alter the Fed's monetary policy...
AND EARNINGS ARE OFF TO A GREAT START!!!! What a nice report....just a small miss of 6 cents!!!!! no worries the markets will cheer this report up tomorrow.... Alcoa earnings: 7 cents per share, vs expected EPS of 13 cents Jacob Pramuk | @jacobpramuk 13 Mins AgoCNBC.com 3 SHARES
lol, it's just a gigantic mind f***...and remember if AA drops like a turd, there is another player on the bench to sub in to keep the indicies churning higher.
So you are back to whining about everything again. Cue the big fonts soon I guess. You had some nerve trying to suggest the bulls would start whining when all we ever see on here is you and a few others whining about equity markets and forecasting 50% crashes any day now.