'So tell me, why would I waste my time caring how you trade? So I could do the opposite? That probably wouldn't work either." why not?
Still holding onto 4 longs, TNA, XHB, FAS & EDC Just bought 500 DUG @ $18.94, think the market is due for a small pullback and while I still have my longs I added a little short
apple handing out free money all the way to $700+ today! Just buy, should be $750 by October $825+ by November and $1000+ by December... they should have placed apple in the dow 30 today, then maybe we could have seen dow 16,000 by the end of 2012, now were going to have to wait until early 2013 to get to dow 16,000.
DOW 13635.46 95.60 +0.71% NASDAQ 3192.22 36.39 +1.15% S&P 500 1472.83 12.84 +0.88% OIL 99.82 1.51 +1.54% oil nearing $100 Only way oil drops is if equities fall, so dow 15,000 will bring $120+ oil and $4.50-$5.00 at the pump, if you think inflation is bad now, get ready for even worse inflation!
the way of money flows show the classic case of a bull market. the condition is also right. probably, SPX may run into the wall at the all-time high resistance 1520. it may blow through it too. [from a long term view] it looks like VIX will trend down to 10. Bill Gross must be pissed at Uncle Ben [his bond funds earn peanuts. he's been bitching about stock market (a ponzi scheme)].
The all-time was actually 1576 in Oct. 2007. Even after all this rallying, the S&P was still higher in Spring 2000 and Fall 2007. That's what 50% drawdowns in bear markets do...and a good reason why you shouldn't buy and hold. Even 401Ks, IRAs and other long-term accounts should use some kind of market timing.
THIS YEAR IS PRESIDENTIAL YEAR! THAT'S THE REASON! According to the statistics, the current president gets higher possibility to be reelected if the stock markets keep going higher. But please mark my words, nothing lasts forever! Sooner or later, the time will come. And it's not may be or may be not, it's a must!
Smell something different today, though AAPL still green. Can it bring mkt back up as we have seen these days? I doubt it this time.
I believe this manipulated bull market could last for another 100 years or so...with a few dips along the way . Now try to imagine a bear market lasting that long. It is possible, but most of us would starve long before the big turn around.
I agree, this market rally is made of granite. Virtually impossible for there to be any decline of significance. Let alone a bear market