It's like throwing a ball up in the air and trying to keep it up there....gravity brings it down and one can only keep it up there so long... I am glad to be here with my friends to read these posts and watch this happen. It's a war against Obama and I am not sure how long we can win. Obama sure has brought the change he promised... (well changing just for the sake of change, not for the better). Don't always wish what you asked for. I hope now people in the USA will be more careful next time. Obama is tearing down everything that represents what he feels is failed capitalism. You aint seen nothing yet from this visionary. MB http://www.blackstoneaudio.com/audiobook.cfm?id=5928
Markets are saying that the US market is the place to invest compared to other world markets. A retreat would be good. The US is back.
I understand your point, but when I look at historical volatility, I do the entire history on an index, and then I break it down to before 2000 and 2000 and after. 2000 and after is always more volatile. So the odds actually favor lots of volatility. My own view is we continue with volatility for a few years, and after the next big bear, we go flat for years because no one will be interested at all, the way no one cared about gold all through the nineties, and it just sat there, in a very narrow range, for years. You'd think iron condors or some other neutral strategy would work when that happens, but I'm willing to bet the bid/ask will blow out, and the spread between them will make it more challenging to make money even from the neutral strategies. But that's years away, IMO.
UUP -1.1%, SPY -0.3% why are stocks refusing to go up even with weak dollar? market to rebound by EOD?
Gold was weak this morning, but just now had a huge breakout which, if it holds to EOD, will reverse my short term sell. The dollar suffered a big swoon at about the same time. I'd expect the markets to respond accordingly, if not today, tomorrow.
Notice how they want to push this market higher, nasdaq is back in the green, semis are actually strong again! MSFT earnings after the close, who knows what they are going to say, this company isn't worth following anymore, it used to be a huge market mover but over the last few years its just become a boring stocks to watch.
NASDAQ going for 7 UP days in a ROW!!!!! Oct 27, 2010 2,484.09 2,505.35 2,478.01 2,503.26 2,013,240,000 2,503.26 Oct 26, 2010 2,476.51 2,503.03 2,470.12 2,497.29 1,914,350,000 2,497.29 Oct 25, 2010 2,491.62 2,507.03 2,490.11 2,490.85 1,746,320,000 2,490.85 Oct 22, 2010 2,461.60 2,479.39 2,459.43 2,479.39 1,648,180,000 2,479.39 Oct 21, 2010 2,470.72 2,482.14 2,436.34 2,459.67 2,135,480,000 2,459.67 Oct 20, 2010 2,443.20 2,469.72 2,441.07 2,457.39 2,016,770,000 2,457.39 Oct 19, 2010 2,442.21 2,462.94 2,422.14 2,436.95 2,241,840,000 2,436.95
Really Really surprised that MMM was down as much as it was with the dow only off 16 points, if MMM had been up over $5.00 the DOW would have surged over 150 points.