Most, not all, of the stocks have actual net earnings in todays markets.... In the '90s a good business plan would have an IPO....no revenue much less any earnings..... What PE is the sp500 at today??? So as earnings come in strong the market will go up.....and that is without any expansion of the multiple..... Also, I believe, there is very few "dumb money" traders.....most, not all, traders today are pretty savvy..... Watch gappers....run up to a technical or % level and then reverse textbook style.....no silly prices on IPOs.... I am not aware of any stock that has run up without earnings...just on "hype"... AAPL, HANS, NTRI, JSDA are big gainers but all have very real fundamental reasons for the increase.... Market will move higher if earnings continue to increase..... This is a very simple business boys..... SteveD
LOL...I agree, and a large percentage of them are chock full of the "down with the patriarchal, capitalist oppressors!" crap that is a religion at US universities. They see market selloffs as moral rebukes to the evil Bushitler system.
At least you'll never catching me to tell someone to "buy QQQQs for a guaranteed minimum 12% return within two months," or anything anywhere near as foolish. I don't even know whether to take you seriously, given the ludicrous tone and substance of your statements. I think you must jest.
Right now everything is great, we all know this cannot last forever and that eventually the market will go into bear mode, when that time is, is anyones guess. The dow is now up 18 days out of 20, that is certainly impressive, I dont think I can recall a time when the DOW was down 18 out of 20 days. If we do start seeing the big 4-10 point days on stocks expect a revisit of 1999. Daytraders will be coming back into this market in full force.
After Hours: 79.90 Down 0.03 (0.04%) as of 6:24pm ET on 04/26/07 Last Trade: 79.93 Trade Time: 4:00PM ET Change: Up 13.86 (20.98%) Prev Close: 66.07 Open: 78.24 Bid: 79.63 x 600 Ask: 79.83 x 200 1y Target Est: 87.11 Day's Range: 75.25 - 80.50 52wk Range: 40.55 - 80.85 Volume: 7,005,192 Avg Vol (3m): 1,189,260 Market Cap: 3.30B P/E (ttm): 45.78 EPS (ttm): 1.75 Div & Yield: N/A (N/A)
mentions that the retail investor is not even participating!!!!! Wonder what will happen when they do start to participate....1999 all over again!!! Tight Supply Lines By Jim Cramer About this article: Can there be too much good news? Microsoft puts up such good numbers that it feels like they were sandbagging. Just when you thought that Baidu was rolling over and playing dead, it comes alive to claw whatever shorts are left. Only MEMC joins Akamai and Cymer as real disappointers. As per this most recent market, I would expect that Microsoft up a dollar and Baidu up 26 are both bargains. This new phenomenon of institutions simply not being able to get enough stock in during one session to get their full positions on is a dream that periodically the bulls -- including this one -- has had -- the dream of the supply shortage. We have one now. There's not enough stock to go around for the institutions who need to put money to work. Mind you, this is all happening without retail participation.
man now cnbc is hyping how far the s&p 500 is from 1500.... this is the 36th record closing since OCT 2006. put on "on the money" all bulls gathering again one guy just said you thank the GREATLY REDUCED EARNINGS GUIDANCE FOR THIS RALLY. AGREE 100000000%%%%%%% thats the only reason why these markets are rallying, they brought expectations down so low that nearly every company is just doing great.