More highs tomorrow

Discussion in 'Trading' started by DeepFried, Oct 9, 2006.

  1. North Korea's nuke test was a non-event in the stock market but, when the bond market re-opens tomorrow, we'll get flight to quality buying of treasuries from Japan and others.

    Lower rates - more support for stocks, earnings are likely to look good...the Fed making equity-friendly comments....

    Stay long the financials and other leaders. Downticks have been declared illegal. :)
  2. that's it, you marked the short-term top.
  3. Blah, blah, blah.

    Only one thing worse than permabars: permabulls.

    At least permabears strike my sentimental sie.
  4. I'm a permabull because I said the market's going up tomorrow?

    How about engaging in some kind of logical argument. If you have a logical counter to what I've said, I'd like to hear it.
  5. Ah, one of the old chestnuts. It gets used in about 5 threads per day.
  6. Oh, you meant "tomorrow" literally, I apologize, DF.

    I thought you were speaking of the metaphorical kind.
  7. Yeah, just tomorrow, but I'll be interested to see if further upside momentum is created tomorrow.

    I think the market is nuts right now - it's been going straight up for months - but I'm very reluctant to short anything with the momentum that's in place.
  8. Yes of course. Good call. 1450 around the corner 1550 by Dec 2007.
  9. Man am i good. I should start a poll "Who thinks this market will never downtick again"
  10. S2007S


    i like it, keep the polls coming.....

    next downtick April 15th 2016 until then go long the entire market.
    #10     Oct 10, 2006