Recent content by detective

While watching CNBC after the nonfarm payrolls report, I noticed a change of attitude towards a weak market from the weak market at the start of September. This time, I heard that people were viewing weakness as a buying opportunity. They were not forecasting further weakness or fear of a...

Since March, for over 6 months, every dip of 4 to 5% have been great places to buy for eventual new highs. Those who have sold weakness have been battered. But this time, we've had more complacency with the selloff, everyone already saying this is a buying opportunity. The action on...

Unreal strength in this market. I figured a large gap down after all the gains the past week on a Monday would bring out the sellers but the dip buyers came right in on a 10 point dip and bought like madmen. The pullbacks are so brief that if you don't buy on the slightest pullback, you have...

Very true. Tough to fight Banana Ben here. He's shooting dollars with reckless abandon. They are finding their way into the stock market, just ride the wave. The rally is not gonna stop until Banana Ben gets fired or oil hits $300/barrel and mass hysteria and public revolt ensues over...

Split adjusted, AIG was at $425 on Aug 29, 2008. 1 year later, it is trading at $48. Does this sound like an inflated stock? AIG has absolutely been killed, the stock had a 1 to 20 reverse split, otherwise this stock would be trading under $2.50 right now. Would traders be so eager to...

Yeah, the CEO seems to be confident that they can pay back the government and become profitable, it is definitely speculation but AIG does have a sizable business not involved in CDS or insuring the financial markets.

The number of stocks above their 200 day moving average and the amount above their 200 day moving average is breathtaking. The rise has been relentless. But what baffles me is that I would expect there to be fewer cries for a correction in the face of 5 months of relentless upside. The...

The green shoots is a bunch of sell side BS from CNBC and the business networks to try to pump the market. I agree, inflation is driving this rally, or to put it more bluntly, blatant money printing. That is why oil and gold are going up right along with stocks, if not more than stocks...

The stock market and the economy are two different animals. The stock market is basically a casino with bets being placed by various players, mainly institutions, hedge funds, retail... The chips in play are controlled by a large extent by the Fed. They are putting more chips in play...

The S&P has broken above the 200 day moving average at around 930, breaking out of the month long trading range between 875 and 925. That is on top of the market breaking out of the 825 to 875 trading range in early May. Now in early June we are breaking out again. Yet there are a lot of...

Its pretty simple, you increase the supply of money without a proportionate increase in the amount/value of goods produced and you get inflation. In the short term, the velocity of money will cause distortions in that relationship, but in the long term, the relationship holds. The only...