13 for 15!!!!!!!! 13 for 15!!!!!!!! 13 for 15!!!!!!!! 13 for 15!!!!!!!! 13 for 15!!!!!!!! 13 for 15!!!!!!!! 13 for 15!!!!!!!!
He's been (by far) the BIGGEST BEAR on ET for the last 18 months. In fact, he's been a terrific CONTRARY indicator. He's totally been crushed. He has no money left in his Ameritrade account because he averaged into all sorts of bearish "inverted" ETF's while the S&P has rocketed 400 points higher. Things are so bad that his wife has had to go back to work this year. He is now a stay-at-home Dad that sadly gets his self-esteem now from posting nearly 12,000 times on ET.
13 for 15 as the risk free market keeps pumping out risk free cash!!!! Bubble ben bernanke is doing a fine job!!! 14 for 16 tomorrow, this just keeps getting more exciting by the second.
20/22 for Dec, no need to count every day pretending that there might be a slight chance of a down day this year.
Hey your right shortie, no need to count, they are talking about more reasons for a "MELT UP"!!!!! Pro Traders: Market Has Every Reason To Melt-Up CNBC staff and wire reports | December 21, 2010 | 06:04 PM EST To the chagrin of all those Scrooges, Grinches and bears out there it appears that Wall Street may have a very merry Christmas after all.The S&P [ .SPX 1254.60 +7.52 (+0.60%) ] closed higher Tuesday after solid earnings and a flurry of merger activity underpinned a steady upward trend that reinforced investor optimism for the coming year."We've been putting risk at work for some period of time and we think people will continue to regret holding too much cash and being too conservatively positioned," says Bob Browne, chief investment officer at Northern Trust in a Reuters interview. Northern Trust, which has $657 billion in assets under management, recently reduced its cash allocation and increased investments in U.S. large cap equities and fixed income. "If you take a balanced view of the positives and the negatives short term and long run, we think it gets you to an overweight position in equities," Browne adds. Looking at the technicals, the story is every bit as positive - the S&P 500's close is on the cusp of closing levels not seen since before Lehman Brothers collapsed in September 2008, an important psychological barrier for investors at 1,255.08. Barring any major bombshells, the Fast Money traders expect the melt-up will continue into year's end. Guy Adami doesn't think 'mister market' gives investors this much opportunity to sell the highs. In other words if stocks had topped out and were now going to sell-off sharply, they would have sold-off already. He says, "Iâm now watching 1280 as the next key technical level - and potential point of resistance."Tim Seymour agrees that the market 'goes all the way' into yearâs end. He says, "Thereâs very little to stand in the way of people putting money to work. The fear among money managers right now is to not put money to work."Brian Kelly thinks by shrugging off bad news from Europe the market reinforced its uptrend. "We had concerns in the morning that Portugal was going to be downgraded and there were issues concerning France, but the market went higher." "In light volume itâs easy to melt-up," adds Karen Finerman, "but itâs also easy to sell-off." In other words, as a value investor she doesn't suggest trading in and around the potential of a melt-up. Instead she says ask yourself where you think the economy is going over the next 12 months, and then position accordingly.---------BACK TO BUSINESS FOR BANKSIs it back to business for the banks? JPMorgan [ JPM 41.00 +1.05 (+2.63%) ] led financials higher Tuesday after the bank said it had boosted small business lending by over 40 percent this year.Whatâs the bank trade?Clearly I think itâs a positive but I think the market may have overreacted to the upside, says Karen Finerman. Long-term I still like this name and expect to see further rotation into big cap financials.In this space Raymond James [ RJF 33.00 +0.12 (+0.36%) ] is a name that I continue to like and a name that few people talk about, adds Guy Adami.Iâm watching some bullish options action in the financials, says Pete Najarian. A larger than usual volume of Jan 26 calls in the KRE [ KRE 25.86 +0.58 (+2.29%) ] and Mar 17 calls in the XLF [ XLF 15.81 +0.27 (+1.74%) ] suggests to me that some investors expect to see a sharp move higher.Iâm still short BofA [ BAC 12.98 +0.36 (+2.85%) ], reminds Steve Cortes, but right now the trade isnât working. Although Iâm a fan of the brokers Iâm not a fan of money center banks; I think theyâre still hobbled by lingering mortgage issues.
Is the bear around the corner, now that they are using the past to boast about the future? Thanks to the person who posted it. I need to study the charts. Folks, I suggest we study the charts immediately. Please post all time frames, from week to 15 minutes.
Nothing like $90 oil around christmas time, makes you feel even more into the holiday spirit!!!!! I'm hoping we can ring in the new year with $100+ oil!!!!
I feel the top would be less than 1% away. How to play this thing? +1% for QQQQ is around 55.46, QQQQ is currently at 54.96. Could you guys suggest good ways to play the short side?