very well said. however, let me elaborate one thing. Bernanke and his associates are not concerned about bubble, or whatever. All they care about is how they can take more profit. we are traders, right?. just by looking at the charts you can easily see what I am talking about. First, take everything down, force people to sell their assets second, make sure everyone thinks that sky is falling, and if we don't give money to the banks, we will all die Third, Hurray,.. My brothers now you have free money and everything is cheap, lets have a buying celebration. can you find any better business plan? LONG live fed, Long live GS
JPM beats. China leaks 11.9% growth in prior quarter. Retail sales just beat expectations. You can't beat a rigged market. It's going up, up, up.
two great earnings reports and the market is up only 0.5%. it can't even break through the open. a red day is still a possibility.
Financials continue to move higher, all at intraday highs right now. There is absolutely no stopping the financials as the bailout has given them tens of billions of dollars worth of revenue and countless opportunities to make billions more moving forward.
Im noticing a tiny little weakness in the REITS/real estate stocks today, something to watch for this afternoon.