After hours futures going beserk

Quote from 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.
More...

wow the man himself. I'm surprised you still remember the password
 
Quote from stock_trad3r:

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


can't quite see how all this economic real pain is bullish,

can't quite see it,

perhaps, us priviilidged elite traders should spend down our savings for over 15months with no hope of a job in the next 12 months, and the Senate not allowing jobless claims payments to go beyond 13weeks, which for most have expired,

that would be bullish.

really feeling it for those without....

seriously....
 
Futures stayed up about .75% the entire night, the bulls are just ready to take this market even higher today. 10000 by Friday and 12000 by December, keep buying.
 
yep got to agree. There's no way this recovery has started yet. I do not see any "green shoots" that the press are so eager to push.... I see pain. Businesses are not spending and people are scared.
 
Thanks Red Ink! Here it is:
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2599188>
This is the chart weekly SPX chart i referred to in my post above. Note how the 20 MA intersects with the trendline.
 
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