Shiller's CAPE is approaching Black Tuesday levels having already surpassed the 2007 high. As long as companies issue debt, fire workers and buy back stock, what the heck is there to derail this market? Anyone buying Greece (GREK)? Given QE and the refusal of the Germans to let it go, is there really any more downside for that country?
If you are quoting Black Tuesday, do you really want to wake up one day and see your portfolio down -20%?
I think he is right, he knows this massive 200%+ rally since 2009 lows is on the heels of the feds easy monetary policies, the fed is making it rain liquidity day in and day out on the market, when does it end? Or does it ever end, show me a free market that doesn't need handouts and zero interest rates and lets see how well this economy can do on its own, he also thinks the fed should NOT intervene in the markets during the next correction because the markets are "hyper overpriced, yea tell that to BUBBLE ben bernanke and now yellen, do you really think they won't "intervene" they will intervene as soon as the markets start to dip 4% from record highs, and you know QE 4 is already set and ready to go...... ....he thinks over time yellen and the fed will "engineer normalization", hahahah, now that I disagree with, over time, how much time? They should have engineered normalization back in 2009, you know what engineered normalization is, right? "FREE FUCKING MARKETS" thats engineered normalization at its finest....not the zero interest rates or the TARP or the QE's or the free Trillions, thats not market normalization...this market needs a real wake up call, needs to get back into reality and out of the make pretend fairy tale fed created dream its in.... Fisher sees correction risk as traders grow 'lazy' Tom DiChristopher Former Dallas Federal Reserve President Richard Fisher sees the potential for a market correction of "substantial magnitude" as traders have grown "lazy," he said on Friday. "Are we vulnerable in my personal opinion to a significant equity market correction? I do believe we are, and the reason for that is people have gotten lazy. They've depended totally on the Fed," he told CNBC's "Squawk on the Street." Fisher retired on Thursday, having occupied the Dallas Fed's highest office for the last decade. Regarded as a policy hawk, he frequently said the central bank should raise interest rates sooner rather than later. Read MoreFed's Lockhart sees interest rate 'liftoff' by September The Federal Reserve has kept its federal funds rate close to zero since December 2008, flooding the market with liquidity. In a statement on Wednesday, it said it was unlikely to begin raising rates at its meeting in April. Fisher brushed aside the idea that the Fed is responsible for conditioning laziness among traders by setting easy monetary policy, saying little is being done in terms of fiscal policy, which forced the central bank to keep rates abnormally low. "Yes, we have ... conditioned the markets. I think the markets, however, have a responsibility to do their own work and expect that as the economy improves, things are going to change. Over time the [Fed Chair Janet] Yellen committee will engineer normalization, however long that takes, and I think the market should get prepared for that," he said. In the event of a market correction, the Fed should not intervene because the market is "hyper overpriced," he said.
Notice APPLE the last 10 mins of trading, dropped straight down, that was interesting, thats what the market will look like when liquidity dries up and the algorithms go crazy and everyone is looking to exit at the same time, maybe the fed will step in and save the market or the circuit breakers will come in and save the day... look at that drop, whewwwww.....now thats its part of the dow they have to be even more careful about drops like this, can't scare the market and have these last 5 minute drops especially in a company as big as apple.
Good earnings, low unemployment rate, good GDP cause the market to go up and bad earnings and crappy GDP and any other issues cause the market to go up too because that shows FED cannot change the rate anytime soon. Market is doomed
I have got the grasp of the market. One day goes up and the other day goes down. It has been like that in the last couple of weeks. Monday should be down.
As usual the stock index futures are soaring higher new highs by end of Q1 is a guarantee. Buy anywhere this week you won't loose. Forget your stops, so not necessary.
Futures bright fucking green Stocks surge on weaker dollar; Dow, S&P break weekly losing streakS&P FUT2099.00 8.50 +0.41%DOW FUT18096.00 63.00 +0.35%NAS FUT4460.25 13.00 +0.29% At the rate they are climbing tonite the markets could easily open up 1%.... China economic numbers tonite is also in the news ...a solid number from them and it could be another 250+ point gain on the Dow. Remember zero risk alllllll reward alllll the time.....
And the Nikkei does it yet againnnnnnnn Printing more free money and fresh 15 year highs....infuckingcredible free money everywhere you go....up another. 85% tonight....it should rise 50%+ this year and close above 30,000 no questions asked... Just buy any and all stock indexes and make free money every day and every nite... Nikkei up 166.29 to nearly 20,000...should cross 20,000 by tomorrow night...21000 by April and 23,000 by may....25,000 in June a pull back of 200 points to 24,800 by July...then 26800 by September 28,000 by November another slight 75 point pull back and then 32978 by December 31st....Nikkei will rise 50% in 2015....all reward all the time...buy every 12 point dip on the Nikkei and make free moneyyyyy. Thank you central banks for creating this lifetime opportunity ....