Search results

That is between the denial and acceptance phase of the emotional spectrum. All those stocks held by investors is potential overhead supply on any rally attempts. This is clearly worse than anything since the 1930s, yet stock prices are still at 1996 levels when Alan Greenspan cried...

This is a clear sign of complacency in this market. The fear was palpable in October and November, now it is just a bunch of bottom pickers who say the coming bear market rally will be gigantic. Still a lot of downside left in this bear market, bottom is probably in late summer/early fall...

1.41-1.42 is stiff resistance and a measured move from 1.25. Now that everyone is going crazy about dollar devaluation and quantitative easing, is the time to short the Euro/USD. The Euro is just as bad as the USD, the ECB will eventually resort to the same things as the Fed. The Yen...

This is a bear market, but we haven't had a sustained rally in ages and this is one that has maintained more than a 2 week lifespan and will go further than many expect. I don't expect the market to fall apart till March or April. The bulls will keep the turds floating in the air for a while...

Market is short term overbought. I would watch for a selloff into the close as traders will be reluctant to hold long over the weekend as the retail numbers come in on Monday.... Bearish for today.

I'll take the other side of your trade at 1121. You contrarians make me laugh, the true contrarians are not long here, they are the ones who shorted the spikes the last couple of weeks. Look for continued selling into the close, no more bunnies out of the hat like the squeeze manip jobs...

The number of dip buyers is still very high, they are a tenacious bunch. Reversal days like last Thursday and yesterday are crack like in addictiveness and the longs lucky enough to buy the dip come back for more, wanting more of the same, quick reversals off mid day weakness. The market...

The market became so volatile because the move from 1100 to 840 was during a time of peak financial panic, total uncertainty about whether the system will hold and about possible depression. We have taken financial armageddon off the table, so there are more people willing to buy the dips...

We're going back to more normalized markets, those still banking on the volatility of October to continue will be sorely disappointed over the next couple of months. Many of the overleveraged and poorly positioned have been blown out, which explains the lower volumes the past several days...

Look for a rally in the last 15 minutes. When the markets are steady, the market tends to rally in the last 15.

The consumer was still alive and kicking back in those days. Oil was cheap, real wages were higher, and the household balance sheet was much stronger. As Julian Robertson points out, most US consumers are broke. All those idiots on TV who think the US will be first in first out haven't...

This is a sucker's rally. The market will have a very tough time eclipsing 1050-1060 on the S&P, which is the area where the market topped out last Tuesday. If we were to fall 30-40% in the context of a long term bull market, I would be bullish. But, we fell 30% in the context of a long term...

The stock futures are gapping down about 2%, and people are acting like that's nothing and are still positive from yesterday's reversal day to the upside. I just have a bad feeling when I see weak action with lots of complacency, even though the market still hasn't opened yet. I think we...

I really doubt that Nikkei can hit 8800 today unless there is a Fed rate cut during the Asian session or something crazy like that. They are going to overshoot the selling on the Nikkei to compensate for the possibility of another bad US session on Friday.

What exchange is that? Osaka? SIMEX is locked limit down, the ghosts of Nick Leeson???

There is no trading of Nikkei futures at 12.5% down, it is locked limit at 12.5% down, last trade at 8090. This market is trading like a video game, just numbers, with no real value or reality to them.

ES futures trading down to 881! This is history in the making, we are watching a crash live.....

The market has been open for 10 minutes, already futures have been locked limit down twice! Currently locked limit down! The crash is spreading.

This is like the modern version of 1987, but with worse fundamentals. Perhaps we'll just chop up the 23% down day of 1987 into quarters and go down 5+% a day for 4 straight days. That would actually be a lot more painful than a 1 day 23% crash.

There is just no lift at all when there is good news now. Sneak attack announcement about Paulson throwing money at the banks soon gave us a mini blip spike for a few minutes. In a grossly oversold market like this, any bit of good news should send it up like a rocket , this market goes...