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    SPX Has Topped For The Year Or Pabst Will Leave ET

    Who the fuck cares? The point of this place is to debate and shoot the breeze. The "playground justice" shit is ridiculous and boring.
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    SPX Has Topped For The Year Or Pabst Will Leave ET

    Obviously, if everyone who ever made a wrong call left this board it would be empty. Stick around, Pabst. I'll buy you a Keystone. :D
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    Do You Have Balls? Goldman Sachs Is Breaking Down

    Yeah, sounds good. Maybe parabolic arch.
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    SPX Has Topped For The Year Or Pabst Will Leave ET

    Small cap indices are up almost 2% today.
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    where are all the bears at??

    Absolutely, and on top of that...all of these institutional managers who have been holding back waiting for a correction - when they finally come in and buy we could get a heck of a pop. And they're going to buy the current winners - the stocks that are looking strong already.
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    Do You Have Balls? Goldman Sachs Is Breaking Down

    Since their positive earnings release in early September, the stock has formed a sort of half-arch shape and it's rallied off the top of the arch today (10/3). I've often seen stocks rally off of that half-arch shape and, when they do, they seem to rally strongly. I'd look for something else...
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    We're gonna rally like it's 1999

    Large caps have begun to reassert themselves vs small caps so I'm not too concerned about the relative underperformance of small caps right now. The chart here is Russell 1k vs Russell 2k. We rallied through rate hikes that took rates higher from close to zero. Until recently, real rates...
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    We're gonna rally like it's 1999

    I agree on all points. The 1999 headline was just to say we're in a bull market rally.
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    We're gonna rally like it's 1999

    I'm not saying they ARE going to cut this year. I'm saying the market perception has made an important shift away from fear of tightening to entertaining the possibility of cuts. That's a huge shift in psychology and it's being hammered home by the selloff in oil.
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    We're gonna rally like it's 1999

    Several indexes are rallying off key support levels after a modest 2 day downturn. The selloff in commodities, most obviously oil, is going to swamp whatever technical indicators have been pointing to a stock pullback. The Fed has already stopped raising rates and the drop in oil is further...
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    No way are stocks selling off in Sept

    krazykarl, I don't mean to sound like your mom but, up 'til now, you've been a reasonable bull voice on the forums - one of the good guys. Your last couple of replies on this thread are out of character for you and not in a good way. Further, regarding the "PPT", yes, there are some...
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    No way are stocks selling off in Sept

    Just before I posted this, I was actually bearish and trying to convince myself that the market was too. But then I tried to honestly, without any long/short bias, look at what the market action was telling us and how the market reacted to news items. I felt that it was wishful thinking on...
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    ...And stocks lived happily ever after. The End.

    Straight up 9+ % in 2 1/2 months. Barely a cloud on the horizon, according to the the press and the street. I'm all for just riding along with a bull market but this is starting to seem weird. It reminds a bit of some of the springtime rallies during the late '90's when a half a dozen...
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    Holy Grail

    Yes, I discovered a holy grail. It was flawless and was working really well...until my dog started telling me to kill prostitutes.
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    10yr treasury yield to 4.30%?

    Yeah, if the 10 year does go to the 4.3 area and the Fed doesn't start cutting rates we're back to an inversion like we had in 2000. And 2000 through '02 was not very pleasant for the economy. :eek:
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    kbh housing et al

    That's a good point about the valuation of buildable lots, although I think it's unlikely that they will be assessed low enough to really crush the book value for these companies. It will be interesting to see how that ultimately plays out but, yes, I'd be looking elsewhere for short ideas and...
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    kbh housing et al

    So you're saying they're all going to trade far below book value?
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    10yr treasury yield to 4.30%?

    What say you?
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    kbh housing et al

    Of course it's possible they could go lower. My main point is - why short something that's already so beaten up? Find something that's breaking down now and short that. Most of the short money's already been made in housing stocks. Why make things tougher than need be? TOL - book value...
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