Why is the market going up?

Discussion in 'Trading' started by Wolfgang1756, Aug 30, 2011.

  1. But China in deeper depression. This is a plan. Read this:http://t.co/HnWtyix
     
    #11     Aug 30, 2011
  2. Just to be sure I'm not asleep at the wheel, I pulled up NI FLASHG7 again on Bloomberg. I'll cherry pick the following two items:

    *KOCHERLAKOTA SEES NO NEED FOR FURTHER ACCOMMODATION
    *FED SAYS A `FEW MEMBERS' OF FOMC SOUGHT STRONGER ACTION AUG. 9

    Hardly a sure thing, no?

     
    #12     Aug 30, 2011
  3. jsp326

    jsp326

    Just don't try to use your "common sense or logic" to trade. You can always come up with reasons (some very rational) why the markets should go down. In fact, you could have a good case against every rally since the tech bubble started and valuations went off the charts in the mid-to-late 90s...

    But if you tried to short all of them, you'd have left the game long ago.
     
    #13     Aug 30, 2011
  4. After the market close, VXX went 0.70 cents up in 10 minutes...creepy??
     
    #14     Aug 30, 2011
  5. NYSE Short Interest Soars By Most Since March 2009 S&P Lows, Highest Shorting Since June 2010.

    The 'suckers' buying are covering shorts and getting butchered doing so on shit volume.
     
    #15     Aug 30, 2011
  6. Lucrum

    Lucrum

    Funny how you can always tell when someone is on the wrong side of the market.
     
    #16     Aug 30, 2011
  7. Just as I thought... its a short squeeze, possibly by some fundies who are trying to make their portfolios look less shitty, aug was a pretty brutal month.
     
    #17     Aug 30, 2011
  8. baro-san

    baro-san

    It really depends what time frame you trade. You know that markets rarely go straight in one direction; they have dominant moves and retraces in all the time frames.
     
    #18     Aug 30, 2011
  9. kashirin

    kashirin


    yes, you're
    why instead of reading headline not to read the actual speech
    my headline would be
    *kocherlakota accepts his mistake, never ever will vote against Bernanke
     
    #19     Aug 30, 2011
  10. GordonTheGekko

    GordonTheGekko Guest

    => Consumer confidence is down (47, expectations were 52 as I recall)

    => More QE = won't help, but it's a nice drug

    => Gold/VIX up (just unloaded TVIX that I purchased earlier, about 5% jump)


    Seems like the markets will go DOWN, not up.
     
    #20     Aug 30, 2011