Stock_trad3r, you have no understanding of price elasticity of demand. Didn't your community college have an econ 101 course?
I think it depends on risk and money management. For shorter timeframes we will see some nice pullback chances for shorties. On the long run maybe you are right.
Pullback ?? Not a chance. We're going to skyrocket to a minimum of 13,000 my friend. Everyone's gonna wait for the pullback that will never come. Here's the trick: Obama wants to save every mom & pop's 401(k) at the expense of the US dollar. So regardless, this market will absolutely rally since printing press is gonna be cranked up even more in 2010 - 2012. Bernanke will buy more T and increase the available money supply more and more. NO PULLBACK! YES WE CAN!
Guys! It's pointless to argue, or try to explain anything to option_trad3r. Mentaly he is just kid. do not waste your time.
Tomorrow it's FOMC meeting, buy it in the morning, keep buying don't stop. Buy and hold. Ben Bernanke will extend QE operation and buy more bonds. GUARANTEED.
Ben Bernanke will still purchase bonds and do more QE even if he said he won't. He doesn't give a diddly squat about hard-working Americans who save money. Better take your money out the money market account and put it to work in the stock market or any foreign currencies. Don't wait until further US dollar devaluation.
The printing press has not been cranked up much more than it has been in the past years. Read up on monetary policy, my friend (before you lose all of your paper trading dollars).
Do you have any idea what *debt monetization* is, wannabe retail shortsellers? You're about to get spanked the SEC won't allow any shortselling at all. But it won't matter, you shorts are gonna get crushed as Ben cranks up his printing press and prop up the market even more. S&P 2000 soon.