I took some futures in. There'll be a chance o/n to sell better prices. Best example of corporate malfeasance the past year? LEH? AIG? My vote goes to YHOO. Never look a gift horse in the mouth, never take points off the board and never turn down a takeover bid double the price of your last print..... (jeez in the time it took me to type NQ rallied 20pts )
Right again..apple surge,s QQQQ's surge, futures surge; everything goes up web 2.0 boom not over http://finance.yahoo.com/tech-ticke...lide-Is-Spending-Its-Way-Through-the-Downturn Silicon valley immune to fake recession and fake credit crisis. Invading Iran and printing more money for bailouts will help large cap tech even more by driving the dollar lower. Apple derives 40% of sales overseas.
I don't think we are close to a bottom according to my model. A 10% move from the low/high in the credit indicator signals a reversal in trend. The credit indicator is my custom indicator and the red line is the actual SPY close. It is monthly data and used to determine the long-term trend. I have another model to forecast commodities prices too.
Way too much money and bullish sentiment on the sidelines for this to be over. Right now the Public and their idiot mutual fund managers are buying the bull market just gone - all the way down just as they do every time. Second slower more destructive wave of the tsunami to come. I don't think the market has priced in the corporate failues to come. The US corporate model was built on free and easy credit, but once everyone is maxed out then more credit doesn't do it. Talk of restarting the housing market with rate cuts is the talk of the clueless academic buffoon and the desperate.
noob noob noob, the era of reaganomics, supply side, and deficit spending is far from over. There is still tons of credit and huge liquidy. No economic problems at all. No more downside. Futures surging again.
what happens in a couple weeks when we will have a new democratic president and the house and senate get even a bigger majority?