"Market forces will one day crush the federal reserve" That was Mr. Faber saying that.... Maybe they will print more trillions to keep that from happening ...
Ok people just buy now at the 5pm cst futures open, it will rise overnight by 40 for sure. Rises every night, guaranteed.
Tomorrow retail sales are in focus but no worries on what ever the numbers are the market is headed higher. Futures already up slightly ...again s$p futures should be up between 8-10 handles tomorrow morning ... Nikkei tonight should also be up 1-2% without question ....
Almost every article im reading has the markets headed to continuous highs....here is one called the "megaphone pattern" Says markets are headed a lot higher which means more risk free money to be made. http://www.cnbc.com/id/102182998 The markets are ready to go 18000 by next week is easy... Funny how no one wanted stocks when the Dow collapsed from 14000 to under 7000 but today everyone is buying like its going to 38,000 or 75,000 which it is because these markets are risk free...tomorrow 17775-17800 close....buy those futures tonite ....
Im not predicting anything here other than they dont know jack SHIT about technical analysis.. "A Megaphone Top also known as a Broadening Top is considered a bearish signal, indicating that the current uptrend may reverse to form a new downtrend." http://www.marketoracle.co.uk/Article5623.html http://www.trending123.com/patterns/reverse_symmetrical_triangle.html
Funny oil drops and it's a positive for the markets and when it's rising it's also a positive for the markets..... This is amusing "Every penny lower at the pump translates into a $1 billion increase in consumption," she said. Really??? So that extra $8.92 in my pocket every week will get me that extra box of cheerios and a half gallon a milk, considering there is inflation and those 2 items easily cost over $10....where am I saving? Oil declines again, pros weigh unexpected risks Lee Brodie | @LeeBrod 4 Hours AgoCNBC.com 45 SHARES On Thursday, again, crude oil tumbled, with the spot price slipping below $75 a barrel; that's a four-year low. Immediately pros began to weigh concerns involving the ripple across stocks, with the XLE, an ETF made up ofExxon Mobil, Chevron, Schlumberger and other energy stocks closing down more than 2 percent in just one day. Given the weakness, it would seem reasonable to conclude that lower oil had started to harm investors. Eddie Seal | Bloomberg | Getty Images Orion Drilling's Perseus drilling rig near Encinal in Webb County, Texas. Heather Hughes of SunAmerica Funds, however, doesn't think that's the case. She said on CNBC's "Closing Bell" that despite these negatives; the positives were far more significant and lower oil remains a bullish catalyst for most stocks. "Every penny lower at the pump translates into a $1 billion increase in consumption," she said. "That's crucial for many, many companies, and their stocks, especially going into the holiday." Jim Lowell of Advisor Investments agreed. "The consumer is the driver of the economy and lower oil means lower gas prices; that translates into more cash in the wallet." Read MoreUS crude tumbles, settles at lowest level since Sept. 2010 Also, Lowell added, declines in the price of crude weren't only a boon for consumers. "Broadly, lower oil has a net benefit to most businesses, too," he said. Again a bullish catalyst for stocks. And Lowell added that investors who view lower oil as a referendum on the global economy may be misreading signs. Due to increased production in North America, "I don't think oil prices are as correlated to the global economy as they once were. Otherwise, given the rate of decline, the world should have already come to a screeching halt." Meg Green of Meg Green & Associates said much the same. "Oil's slide is negative for investors who have money in a hedge fund that's overweight energy," she admitted, "but otherwise it's a bullish catalyst. I've been looking for 18,000 on the Dow Jones industrial average for a while, and that hasn't changed." http://www.cnbc.com/id/102183744
Futures went slightly red buy now bright green once again.., S $ p up 0.50 dow up 6 Nas fut up 3.25 Niceeeeeee