who said "everyone" uses such aggressive defensive stops? nice try, but just because these things go on in your head doesn't make them true. Dude, you started this thread ranting and raving begging to have your ass handed to you. Who knows how many shorted from 14000 and who cares. I know of at least one stock_trad3r that didn't short from 14000 and has sliced up hand from trying to catch a falling knife
I'm still waiting for more information on "the fed meeting is later this week which will be guaranteed more big rate cuts." - when are you going to let us in on that little secret you mentioned yesterday? You never know when they are going to find a cure for cancer, kill OBL or actually get cold fusion working...
Yeah, like a rate cut is going to get the bull market started... using rate cuts to fuel the economy is like using gasoline to put out a fire... dangerous business.
Um hum dow up 240 points this morning and the fed didn't even have to cut. When he DOES cut the market wil add ANOTHER 3% or so. Yea and I'm gonna make a ton of money in 2008 like I did in 07'. Long RIMM, MA, BIDU, EWZ, MOS
The bull market which began in October 2002 still holds because the Spooz never closed below the critical 1252 level (although it did get close!). I guess I will be keeping my ET account after all. Sorry shorts. Also, NO negative GDP quarters!
LOL wrong again. Rate cuts stimulate the stock market and economy. Face it, Ben knows what he is doing. Inflation not really a big deal. Its not like people are in the stret complaining. No thre hours waits for gas. Everything is going well. GOOG up 18 bucks Bidu up 9 bucks.
you have a reprieve, but I wouldn't get all warm and bubbly inside yet stock. I wouldn't hold my breath for 75 bps next week either. The fed is boxing itself into a corner more and more. 120bb oild will hurt, a falling dollar will really hurt eventually, and interest rates on mortgages are still going higher, not lower. Enjoy the bounce. 1375 on the spooz is where this thing will fail........again. But hey lets all makes some money buying em for a couple days! The mkt does not tend to rally until the fed is almost done cutting rates, it rallies harder when the fed is tightening! Inflation not a problem, sure as long as you don't eat, drive, have to go the doctor, or pay school tuition! How many flat screens, cell phones and lapatops does everyone need?
You are high as a kite.. There's no inflation either according the the GDP stats... The only way the market moves higher is with intervention... And it will fall all the way back down without more intervention... We have been in a bear stock market since 2000...