Market finish UP or Down tonight?

Discussion in 'Trading' started by Batman28, Jan 28, 2008.

UP or Down

  1. UP

    8 vote(s)
  2. DOWN

    9 vote(s)
  1. Quick vote check Elites aggregate crowd brain..

    main issues - housin fked..

    rate cut hopes - does it even matter?
  2. why the hell is the market showin upward strength?

    the fundamentals clearly show a doomed economy.. why are people buying?

    interest rate cuts hardly change anything in this state of economy so why is there buying?
  3. balda


    You will not see any effect of an interest cut until end of summer.
  4. markets price in 6 months ahead.

  5. No, they don't. Excluding financials, the 4th quarter profits of the S&P 500 companies have increased by 11%.
  6. How are we doomed? The economy isn't as bad as the media is making it out to be.
  7. DING DING DING, media is pushing for a recession. They have been heavily reporting BAD news only.
  8. ronblack


    The media has a huge short position:)

  9. So which is it? Does the market look 6 months ahead, or 5 minutes behind?

    ETA: I think the indexes are up because the housing data was so bad (i.e. worst ever) that at least 50 bp cut is now required.
  10. And the good news would be...?
    #10     Jan 28, 2008