Amazing just amazing, not a bear in sight. I beg anyone who is shorting this market to stop, you are the fuel taking it higher.
Yes, if we close in the green on the S&P, this will be 9 days up and 1 day down for a gain of 2.6%. Not bad in 10 trading days ! Trying to short some ETFs to protect my long only systems has not been successful, as you can imagine.
Today will be a big test. With the incredibly shitty housing data starting to spill over now into other data, it's going to be interesting.
doesnt matter what the news is....Housing #'s were terrible yet the homebuilders are trading in the green. Still waiting for the nasdaq to go green, suprised it hasnt yet with the DOW trading up about 10 points. Dow could close the day with its 18th new high since october 1
The problem is to define "bad" news. A very critical element of the market behavior is expectations on interest rates. So, a bad number for the housing market could lead the Fed to cut interest rates to improve the real esate situation (lower mortgage rates). So, right now, inflation, labor costs, are more important to watch than many other economic indicators.
thats bs what you're saying. if thats the case the market would never go in recession and the market would rise forever if the fed can rasie its magic wand and fix everything. if you recall the market crashed as the fed lowered 15 times in 2000-2002.
I am not saying this is right or wrong, I am just trying to understand how the market reacts to news, and what is considered bad or good. Typical reaction here, though, with the BS thing. But it comes with the territory. I accept it.
dont know myself.... I tried looking it up on investopedia.com but nothing came up I guess nobody really knows