S&P 500 looking very toppy

Discussion in 'Trading' started by rubberbird, Jun 20, 2005.

Is the S&P 500 about out of gas?

  1. Yes, rubberbird is usually correct

    67 vote(s)
    33.3%
  2. No, there's more upside ahead

    46 vote(s)
    22.9%
  3. I don't know/ I don't care/ the bird is an idiot

    88 vote(s)
    43.8%
  1. You got balls of steel if you do. I took Ebay calls for earnings today. I bought them a few days back in hopes on a big earnings pop.
     
    #271     Jul 20, 2005
  2. Sure, tell that to the bag holders of 2000 nasdaq....
     
    #272     Jul 20, 2005
  3. I made money in 2000 Nasdaq by shorting the fuck out of YHOO. The market is never wrong - idiot investors are, this is why they have been disassociated from their money due to being so very wrong and now incapable or unwilling to make bets again.
     
    #273     Jul 20, 2005
  4. I guess I have balls of steel then. This is the 2nd time i've ever shorted goog, I think i made 3 pts last time, but that was in the 180's. But we're talking earnings here. Has the bird eaten too much feed?

    If I'm wrong, the maggots of ET will have a field day. You can't say I don't provide excitement to this site. I won't be around if there's carnage.
     
    #274     Jul 20, 2005
  5. you better be the first person on this thread to apologize if wrong re: goog.
     
    #275     Jul 20, 2005
  6. Good hunting chap I shorted GOOG at 309.0 yesterday and got out at 304.27 today. Beauty.

    Don't believe the hype.
     
    #276     Jul 20, 2005
  7. I will fully apologize to you, rubberbird, if you're right about GOOG. And will admit that I'm the idiot publically in this thread. If you're wrong however, you agree that is The Kin right, and ban yourself from Elite Trader for a period of 72 hours to bow your head in shame. :p

    Might as well post here what your bet will be so we can calculate your loses :D
     
    #277     Jul 20, 2005
  8. BigLoser

    BigLoser

    LOL, the bird is laying some turds.

    First he tries to wriggle and squirm out of his obviously incorrect S&P "top" call but the market just doesnt yield, +15 from his 1225 top and he still claims he's not wrong. You can bet if it was 15 pts down he would be basting in his own juices on how smart he is. Heads he's right, tails you're wrong.

    Then he makes that desperate google call to distract from the s&p top call but that fails misrably too. Dont worry though, tomorrow one of two things will happen, (1) if goog goes back down he will claim victory, (2) if it stays up he will simply declare that of course he exited before the big run up.

    Amazing, with all the disclaimers and vagueness he has a far better chance of being "right" then 50-50 and he still porks the pooch.
     
    #278     Jul 20, 2005
  9. If i am wrong about goog, I will do exactly as you say, and will accept a 72 hour ban to bow my head to the vermin here. I will not ever, though, bow my head in shame as I have nothing to be ashamed of.

    I shorted goog @ 311.95. So we'll know who's right come tomorrow morning. I know that everytime goog has announced, the stock has hit the moon soon there-after, so I am up against it. So what else is new?
     
    #279     Jul 20, 2005
  10. Good morning.

    US events for Thursday 21st July 2005

    Events:
    US - Jobless Claims (wk7/16, 2005) 8:30 AM wk7/16, 2005 New Claims Level 325.00K
    US - Leading Indicators (Jun, 2005) 10:00 AM Jun, 2005 Leading Indicators M/M change 0.50%
    US - Philadelphia Fed Survey (Jul, 2005) 12:00 PM Jul, 2005 General Business Conditions Index Level 10.00
    US - FOMC Minutes (Jun, 2005) 2:00 PM Jun, 2005
    US - Money Supply (wk7/11, 2005) 4:30 PM wk7/11, 2005

    =============================================

    GB - Retail Sales (Jun, 2005) 4:30 AM Jun, 2005 Year over Year 0.80%

    =============================================

     
    #280     Jul 21, 2005