what does it matter why it's happening? it's a market - fundamentals are always trumped by the people with equity. I still don't get you perma-bears on the board that bitch and moan about manipulation. WHO THE FUCK CARES? TRADE ACCORDINGLY. If some rich bastard wakes up and wants to sell his 50 million shares of T for $1/share the stock will tank for no good reason other than some loony didn't like the fact it was cloudy outside and decided to sell his shares at a buck. That's not manipulation: that's a free market. You guys still don't seem to get it: it's not about being right, it's about limiting the times you are wrong. Focus on not losing and you'll realize someday you've won.
Don't know yet. 1150 a key level and possible right shoulder (1150 peak in Jan, 1220 peak in April, 1150-ish peak again?). S&P hasn't broken Tuesday's high yet. Russell 2000 underperforming. Financials and semiconductors (despite huge rally to fill gap) are massively underfperforming. Not making any calls yet, but this "Dow 11,000" "S&P at 1200"! stuff is just euphoria or panic, depending on your bias...it's not helping anyone.
you don't get the big picture doesn't matter if you're right or wrong doesn't matter if you buy stocks or gold employment won't return into the USA if China revalue yuan Bernanke is crazy and will hyperinflate What's the point of being right if what you get might cost nothing really soon We are all robbed
What many fail to comprehend is that this economy didn't just come back and prop itself back up on its own, it was done with trillions and trillions of dollars not only here in the US, but globally. I'm tired of all the bulls claiming that this turnaround is a true genuine economic rebound, its not. The markets have been inflated with stimulus money and cheap fed funds rates, everyone believes that the economy can sustain this type of new trend bubble ben bernanke has thrown at the market, but within the next few years the true market behavior will come into play. There is no way you can keep printing money and not have problems in the long run, if they let the free markets do what they were suppose to do over the last few years just maybe we might have been able to see some sort of real economic growth over the next 5-10 years. Since greenspan and bubble ben bernanke like to prop the fuck out of the economy anytime it looks like its going to go into a minor recession we will eventually have to pay for it over the next 20 years.
He will hyperinflate as much as he can and many don't comprehend that he is in the process of doing that this very second. In years to come people will slowly understand how fucked this economy is. Right now everything seems to be running great once again.
Trend is still higher since the opening bell, absolutely no pullback what so ever, an opening where the dow would open down 175-200 points would quickly get a bounce higher off the lows as the day progressed. This 15 point trading range is quite amusing to say the least. Monday for sure 11k comes to wall street.
I have been trying to get in since last week. The train has left without me. Lol. Maybe this is the same "new paradigm" they were talking about in the year 2000. Fundamentals don't matter. Ben the Magnificent is our savior. All hail Ben. What will be the encore for October and November?
In 2007 before the collapse no one would even predict that the SPX would tank back below 1000. The SPX can rally for another 3 years topping out at 1800 or 2200 but when the next crisis comes, which it always does you will be able to buy the SPX again under 1000. No need to chase this train. This market is running on nothing but cheap worthless monopoly money. That too will eventually lead to another downfall in the economy. Let people think this market is going to continue to go higher and higher just like they did in 2000 and then again in 2007 only to be fooled as it collapses again and again and again.