What's obvious to me is that one on this thread (outside of Bitty) actually trades. Because if you actually traded, you would not be questioning every move the market makes. It's usually the spectators that comment in that fashion, akin to the loud mouth screaming at his TV watching a football game even though he has never played a down in his life.
Wall Street just annouced that they will open for trading starting at 4am tommorow moring to accomodate the rush of 'bargin hunters' just like day after Thanksgiving sales
i added a long in my portfolio today... AAPL original purchase price was 77.40, sold it too early so I ended up going long...this hurts........... at 80.40. Will hopefully get to sell these shares at 82.50 tomorrow morning.
The market is up around 15% this year, a solid return but nothing special. Everyone calling these tops are probably more of a sign of frustration with their trading than anything else.
They will take the S&P to a new high before killing it. We will see 1560 sometime next year, probably in the first half of the year. Nows not a good time be short this market, there maybe a sell off in early Jan like the last couple of years but that will be for the first week or two, then its back up to new highs.
It's down to 79.25 right now because there was just a report that Steve Jobs received 7.5 million shares that were not authorized. I'm glad I got out today.