80% of the posts on this site seem to be trash these days. Some of these guys are so clueless you can't even reason with them they think they can call market tops within days and think that the market corrects every few weeks. I'm seeing a very solid market with potential for upside surprises on earnings. You would never know this possibility reading this site. Mostly cynical people hoping for economic collapse shorting the market nonstop hoping for a home run. And they have a short memory, the cycle repeats every week or two. I'm with you the lack of downward movement through support suggests we may have built a base for the next few months. I'm looking at stock price laggards with strong balance sheets and earnings and to me that represents opportunity. I can see some of these stocks rising 10-15% even if the index drops 10% this year.
Another mini rise in the futures again tonight, slow and steady as usual, by tomorrow morning there will even more green. Just keep collecting that risk free money, bubble ben bernanke continues to work his magic, so he thinks!!! S&P FUT 1271.2 0.8 +0.06% DOW FUT 11627.0 11.0 +0.09% NAS FUT 2288.5 3.0 +0.13% OIL 91.14 0.03 +0.03%
Anyone know why futures went from being totally flat to skyrocketing??? Hahaha *S&P FUT __1277.59__ +7.20 __+0.56% *DOW FUT __11680.00__ +64.00 __+0.55% *NAS FUT __2297.50__ +12.00 __+0.53% This just keeps getting more hilarious by the day.
It really isn't hilarious. It is perfectly in line with the market driver right now. Conduct even a basic analysis of the correlation between the dollar index and SPX. Almost all current equity growth is coming from dollar valuation. Has been this way since early 2009 with few exceptions of significant g-ment intervention. Today the dollar index is down ~0.9% and magically SPX is up ~0.9%. Dollar and futures were both flat overnight until the dollar tanked and SPX followed a short time later. This is the most obvious correlation I've seen in years.
S2007S, are you OK? You have not posted in 6 hours, and even missed this article that AAPL is going to $1000. http://finance.yahoo.com/banking-bu...b-budgeting&sec=topStories&pos=3&asset=&ccode
Hey noddy, thanks, I missed that one this morning, I was more focused on reading into this mornings U.S. jobless claims that JUMPED to their highest level since October to 445,000 from 410,000 when many analysts were looking for a drop to 405,000. It doesnt matter though, the markets are putting this news aside yet again and putting the nasdaq and tech in focus pushing the nasdaq higher and the spx to new highs for the year.
Isn't it possible for Chinese to buy lots of iPads as their currency appreciate? The article talks about China and Brazil having low incomes, but fails to point out that the dispersion is high. Also, South Korea and Singapore have high incomes comparable to the US now, and will be Apple consumers.