S@p 666-1100 on nothing but hype

Discussion in 'Trading' started by jnorty, Oct 15, 2009.

  1. jnorty


    I've be tracking all the earnings and overall they suck. hog,aa,intc,ibm,c all have earnings and rev's down 8-40% year over year. earnings and rev's overall down 50% from the peak.1100 on the s@p has discounted a good 2-3 years out of 20% plus growth from here. this is without a doubt the most forward out looking mkt in history
  2. What, you want the market to stay low? How do you make money with the market staying at your ideal level? Traders make money when the market goes through these wild swings. So let it swing!
  3. Nexen


    Trade technicals, not fundamentals.
  4. JAP


    They sold off a positive GS earnings report today. When the fins start giving it up, it getting near the end. IBM just got a little haircut tonight too. This rally is getting very tired... maybe 1150 tops, then bye bye.

    I started scaling into a few short positions today.
  5. The volume is so low now, it can swing either way in a very very short period.
  6. No kidding. there is no one trading at all.