Intel beat, said it was the best quarter ever, so it looks like were going to see new highs on the markets as early as tonight as the futures get a "much" needed boost. This news should catapult the markets to fresh 2010 highs, also JPM reports tomorrow so that in itself should give another boost to the markets, markets could easily rise 1-2% tomorrow thanks to a great start to the earnings season, I just hope bubble ben bernanke is paying attention, rates need to go up as soon as possible, these strong earnings are a result of cheap credit and plenty of liquidity injections. These low interest rates are throwing the entire economy off balance, he needs to raise rates immediately.
yep, I think tomorrow Im finally throwing in the towel, selling my shorts and keeping the only 3 long positions I have. Ill catch the next 25% jump in the markets by staying long those 3 positions and keep the rest in cash. After seeing just the earnings from INTC I can nearly predict that 75-80% of stocks will come in with better than expected earnings which could easily boost the markets by the end of June up another 15%, 12,500-13,000 is clearly in the picture for the 2nd half of 2010.
INTC is already priced in. If I were you, I would keep them all or sell them all.. and / or wait to see what happens to 1200 and 1230, IMO, thats all market is doing, pissing shorts off and forcing them to get out. it then falls when all stops are hit...........
this bull is stronger than i thought. :eek: but i would like to see RTH reaction before jumping to conclusions. tomorrow may be critical. let's say JPM has a decent report. so two major DOW components (as opposed to little AA) have good reports. if the market does NOT gain (flat or down) the bears win and it will be all downhill from there. if it is UP, the bears are toast.
Dude, bears have been toast forever now. Free Fed money killed them. It's still there, and thus, they have no place.
In 2007 when things were still going great the market peaked, who knew come early 2008 that 14k+ on the DOW was the ultimate high before the huge decline.
Fed's Bernanke stresses need for financial literacy Reuters - ‎1 hour ago‎ WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday that it was more important than ever for people to become financially knowledgeable so they can make sound decisions after the losses of recent years. what Ben means is that the only financial lesson anybody ever needs to know is "buy and hold"
haha become more financially knowledgeable? Like the way he is throwing trillions at a broken economy is the best way to fix the economy!!! Like the way he has driven down rates to create the next asset bubbles. Like the way he bought MBS to artificially drop mortgage rates to historical lows Just like the way he bailed out all those worthless companies. Like the way the continue to print money and hand out years worth of unemployment benefits. Like the way they handed out free money for first time home buyers. Yep thats showing financial responsibility. Bubble ben bernanke knows how to create bubbles and nothing more.