They want the dow up 9 straight weeks and will do anything possible to keep the up trend going into Friday afternoon......9 straight up weeks, there is literally no risk what so ever at this point, as long as Bubble ben bernanke is throwing trillions into the economy there is absolutely no need to worry. And the chances of him taking away any of these easy money policies in the next year or two is about ZERO percent.....Bubble ben bernanke knows how to keep asset bubbles growing and intact, Go Bubble ben, GO!!!!!
I heard a rumour Waddell and Reed were covering their short which they've been holding since May 6th. Rumour has it they only got a 10 lot filled because of HFT frontrunning. So that makes it 74,990 contracts to go.
I believe the reason for the initial "pop" in the Dow were some "bad" prints in IBM. Meanwhile, it appears that the President wants to lower the Corporate Tax rate. Looks like his new Chief of Staff Bill Daley is already rubbing off on him. Daley and Jeff Immelt.
Obama declared: "This is our generation's Sputnik moment." can't wait until Republicans attempt to locate Obama's Russian birth certificate
S&P FUT 1290.4 2.8 +0.22% DOW FUT 11946.0 24.0 +0.20% NAS FUT 2305.75 4.5 +0.20% futures bright green again tonight, by tomorrow these should be up another .25%.....Look for an open up above 12k on the DOW, more celebrations coming for the 9th straight up week in a row.... Remember no downside risk....
S&P FUT 1290.7 3.1 +0.24% DOW FUT 11948.0 26.0 +0.22% NAS FUT 2306.5 5.25 +0.23% every 5-10 minutes the futures are pushing higher..... :eek: DOW 12k tomorrow DOW 13k by APRIL-MAY DOW 13500 by JULY DOW 14k by AUG DOW 15k by OCT DOW 16k by Thanksgiving DOW 17k by 2nd week of DECEMBER ADD in another santa clause rally for another 1000 dow points and the DOW could easily get to 18,000 by the end of 2011.... I think these dow predictions are wayyyyyyyyyyyy to low......