The question was whether the market was consolidating at the top prior to a push higher, or instead making a top. Yesterday there was some buying at the close but on weak volume. Today there was selling at the close on stronger volume. As several have noted the yield on the 10 year note is rising and the European central bank is maintaining its hawkish stance on rates. I and others posted elsewhere in this forum, several months ago, the reasons we thought it more likely that 2007 would bring a Federal Funds rate increase rather than a decrease, and i see nothing to dissuade me from that view. The increase in labor costs noted are important and still another bearish sign. Unlike some here, i don't know what will happen, but i think it increasingly likely we will see a good- sized correction this summer, and perhaps this is the start of it. Re the labor cost- core inflation graph posted, i think by "Convertibility," the correlation value for the shorter 1995-2006 period is not reliable because of the large variance in the labor data. Only the correlation figure from the much larger data set of the 46 year period is meaningful. Just eyeballing the graph, however, it appears the correlation is being maintained at roughly the same level as for the longer period.
ya the market sucked major nuts today...the stupid fed chief should keep his flapper shut. Why cant he just say that inflation is under control? The euro ******* raised rates by quarter point and the market sells off? WTF? That was expected? No ****. I buy and hold so i make money long term I dont trade ticks I trade dollars making green w3rd
If all you are doing is buy and hold why do you feel the need to post exactlly the same crap several times a day. If you have something new to say by all means let us have it but the same inane posts every day day after day acrosss just about every thread, it is getting really old. Do you really not have anything better to do with your time?
No I don't im a fuckin loser..there you happy? I enjoy posting here. We're all entitled to our opinion s I enjoy debating with the bears and there is a semblance of a middle ground where we can all at least try to get along.
ben bernanke you suck..next time keep you ******* mouth shut jsut repeat these lines: "INFLATION IS UNDER CONTROL. RATES WONT GO UP" just say that line and everything will be OK I im kinda pissed We were doing so well Long and strong DDM, GS, AAPL, GOOG, BIDU, MA, RIMM, DDM
I buy and hold MA went up 50% since I recommended it so did bidu and so did appl even these contract trading guys cant mkae 50% from their whole portfolio Buy 100K MA and sell for a 50% profit..you make 50K That is how you CRUSH the market My methedology: BUY STOCKS THAT GO UP so simple, yet o many people like CRAmer FAIL IN THAT REGARD
So obviously you are not a loser (I hate that term), but you probably are bored and could stand to expand your range of activities, maybe get out and spend some of that green you are making
in it to win it Some people think I'm a nutcase. Some peopel think I have no******* idea what im talking about. But I have been recommending the sames stocks for the past 6months and if you had bought any of them you had made a lot of money, Stuff like RIMM I know how wallstreet works Walltreet favors only a few stocks those stocks go up
lol. don't worry stock_trad3r. HeliBen will save your ass and you will make tons of $$$$. By the way I enjoy your posts and let's not forget: selloff=bullish