i say it's all a bubble waiting to burst. Emotions drive, of course, but the fundamentals are horrible, see you on the way down
Slight bias to the upside tonight, should gather momentum in the early morning hours while everyone is sleeping. S&P FUT 1266.6 1.3 +0.10% DOW FUT 11604.0 19.0 +0.16% NAS FUT 2253.0 2.5 +0.11% OIL 91.57 0.02 +0.02%
Just to let everyone know the Nasdaq 100 closed at its highest in nearly 10 years!!!!! Just keep in mind that 20% of the nasdaq trades on one stock alone!!!!
cannot understand why i would ever want to take that trade when there are clearly better usd pair opportunities out there.
strange to see a possible red day today. the little robots are hard at working pushing the market up into the close. SPY -0.2% right now. will the redness hold? i see several Dow stocks doing great with 1.5% gains or more: DIS, AA, HPQ, INTC, VZ. somebody is buying big caps but small caps got whacked today (of course they were up yesterday). this is confusing but the more confusion the better. maybe we will see some REAL volatility soon.
Buy large caps with strong earnings history and fairly flat stock performance in 2010. Some sample candidates : RIM, INTC, TD, CM. May be last chance to get in fairly cheap before the next earnings reports on these stocks. Resource stocks, in particular metals, are now trading vehicles. That is where your volatility will come from. I like a few still like SU and TCM, but in general I'm expecting a lot of these stocks to get cheaper some time.
thanks for the tip! what about HPQ? in 2010 the market got whacked right after the earnings started...