we know this much. this puts 1999 to shame as this run of 200-1000% is in the name brand stoggy stocks of past wether pru,afl, or axp,cof and on and on. amazing times. impossible to know how far this goes
Nah, I don't see the old high being taken out this side of another correction. Greed and fear will set in long before then. I stand by my prediction of 1250. The bull still has a ways to run, but not that much further. All shorts will be squeezed out by then. It's when everyone thinks it can't stop moving in one direction that it does. And when it corrects, there'll be some great trading to be had.
Here are just random stocks I picked, its nearly impossible to find a stock thats down between March lows and todays closing prices. I put in the ones you mentioned. PRU up 403% off its march low AFL up 356% off its march low AXP up 320% off its march low COF up 444% off its march low X up 296% off its march low PCX up 647% off its march low FCX up 319% off its march low JCG up 444% off its march low AA up 243% off its march low MMM up 106% off its march low CELG up 57% off its march low MTL up 755% off its march low TEN up 3026% off its march low CSCO up 81% off its march low AMZN up 179% off its march low CAT up 177% off its march low SPLS up 77% off its march low HUM up 155% off its march low BIDU up 284% off its march low
Steve GRASSO sees NOTHING BUT AIR on the UPSIDE and HE is a BUYER.... Its the same exact mentality the last time the markets were surging before the collapse. People are getting extremely greedy, you can feel it everywhere. Instant Insights with the Fast Money traders I donââ¬â¢t think it matters what the jobs number is. You have to hold you nose and buy, says Steve Grasso of Stuart Frankel. I think we see tech [XLK 23.05 0.16 (+0.7%) ], materials [XLB 34.92 0.48 (+1.39%) ] and energy [XLE 60.30 0.39 (+0.65%) ] lead the market higher in the first quarter. I see nothing but air on the upside and Iââ¬â¢m a buyer. If you dig down into the jobs number, I actually think it shows the recovery is starting to take hold, says Mike Gurka of Empower. Novemberââ¬â¢s jobs number was revised to a positive 4,000 rather than the negative 11,000 initially reported, That breaks a streak of 22 consecutive monthly losses. Personally, I'm bullish, I think the S&P goes to 1235. Iââ¬â¢m also seeing positive signs, adds Brian Stutland of Stutland Equities. The Vix [VIX 18.13 -0.93 (-4.88%) ] trading lower is rather normal. And action in the VXN [VXN 18.92 -1.07 (-5.35%) ] is also bullish. Iââ¬â¢m a buyer of the market, I think it trends up to 1150.
The market reaction to the NFPs on friday and the subsequent drop off in activity point to indecision. As always after a period of indecision a sentiment change occurs that I believe will fully dawn on people this weekend and translate into lower prices in the coming weeks, starting monday. The sentiment change relates to the growing divergence between market prices and economic recovery. During the correction the focus will be on financial troubles for several U.S. states and a growing risk of sovereign default. Recap of the last 40 days: Volatility and volumes in equities are at their lowest levels in 27 months. The Dollar index has been in a strong uptrend since early december. Commodities are seeing huge inventory increases and the uptrend in oil, metals and a few other commodities seems to have stalled this week.