Here is a neat trick, watch the futures after the cash close today, you should see some real movement.
I don't get this, we all know it's a bull market, we've known for ages, we all know buying dips is the strategy in a bull market, it's a strategy thats been used for centuries. So what is all this pointless noise about? Do you imagine you are telling new traders something they don't know?
WRONG.. "we" all don't know, judging by the enormous amount of threads calling the top for the last 5 years.....
Calling tops, calling bottoms, just opinions, doubt many put real bucks on the line. The real question is why do you engage in this childish behavior that adds nothing to ET? In fact it deters great posters from sharing valuable information. Why would you want to destroy a place you obviously enjoy coming to with this foolishness? I mean what is the real pay off for you? You don't really seem interested in helping anyone, just announcing the same thing over and over again in a very childish way. Is it for ego?
http://bloomberg.com/apps/news?pid=20670001&refer=news&sid=aTvMhwXQCQnA S&P 500 Stocks Are 45% Cheaper Than When Index Last Hit Record May 31 (Bloomberg) -- Companies in the Standard & Poor's 500 Index may still be a bargain after the benchmark for U.S. equities surpassed its 2000 record. The index's 500 members are 45 percent less expensive relative to historical profits than when the index last peaked, and 30 percent cheaper than when it fell to a decade low in October 2002. Price-to-earnings ratios declined after companies reported 14 straight quarters of 10 percent-plus profit growth, the longest streak since 1950.
Congrats to all overnight pigs and morning dipsters. Shoutouts to stock_trad3r, EqtTrdr, myMiniNY, ByLosellHi and the rest of the pigster $$$ cr3w!
this week we had 4 billion outflows, but the markets rose, hum that goodness for the futures. The magic of the index futures, never again will we see a down market.