After hours futures going beserk

[stock_trad3r]

It's 2002-2007 all over again.

Job loss not a big new ' new normal'.

High unemployment good for stocks due to globalization and improvements in technological efficiency.

No hyperinflation, but no deflationary spiral which means we're still in the great moderation that began in 1982.

House won't raise income taxes one penny.

We're also at the lower end of the interest rate cycle. Incredibly, rates are still at zero despite a 55% rally & booming projected GDP growth. by the time interest rates hit 6.75% the DJIA may already be at 21,000.

It isn't possible for economic conditions to be any more bullish than they are now.

 

[athlonmank8]

Quote from Ivanovich:

Yeah, so much for that "top is in" call, eh? Can I move it to chit chat now to burn in flames with all the other hundreds of top calls?

Not yet. High likelihood of this being a 4-500 pt blow-off top. (over the next week or so.)

 

[Red_Ink_inc]

Quote from piezoe:

I wish i could learn how to stick charts in here.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=37454

 

[S2007S]

MANY are anticipating s$p 1120, what happens after that is anyone's guess, possible melt up to 1200 is quite possible, however any kind of melt up to these levels will lead to a meltdown.

 

[cleveland45]

Quote from sub0:

If ever there was a time to raise interest rates, this week would be it. I don't think I've ever seen Gold get so much news coverage in a long time.

Unless, it was a massive hike, it would probably backfire since the world has caught on to the Fed's confidence game.

Would not be surprised to see all hell break loose soon if they let gold get away from them.

 

[Cdntrader]

Quote from S2007S:

MANY are anticipating s$p 1120, what happens after that is anyone's guess, possible melt up to 1200 is quite possible, however any kind of melt up to these levels will lead to a meltdown.

look to history. Most times after a huge correction mkts climb for YEARS.

dont get run over

 

[S2007S]

Everyone on the financial forums across the internet are EXTREMELY BULLISH tonight, I remember last week the dow was showing a -100+ at the opening, everything reversed by mid day, tomorrow the markets could open up huge and just sell off throughout the entire day.

 

[Bootsie]

Quote from S2007S:

MANY are anticipating s$p 1120, what happens after that is anyone's guess, possible melt up to 1200 is quite possible, however any kind of melt up to these levels will lead to a meltdown.

Is Slope-of-Hope the only blog people read?

 

[S2007S]

This is from May of 2009, looks like we have hundreds and hundreds of days before our next minor 10% correction, in the last 2 decades the s$p has gone thousands of days without a 10% pullback, it looks like were going to break these records. Looking for another 500 days without a 10% correction. That means keep buying the .50% dips.

 

[S2007S]

Quote from Bootsie:

Is Slope-of-Hope the only blog people read?

1120 has been shouted numerous times on television and in articles. Blogs are not the only source of where that 1120 number came from.