Until rates rise and all the easy free money the banks are receiving stops to at least a trickle the markets will continue to make highs based on nothing else but speculation. Remember when low interest rates back 10 years ago created the housing and credit crisis that we saw come and go in about 5 years, well the next creation of the new bubble is forming thanks to bubble ben bernanke. No one will understand it until well after the fact and of course by then will see Bubble ben bernanke on capitol hill answering questions on how and why he took the steps he did to keep the credit crisis at ease while creating the next bubble. Go benny, keep up the great work, cheap liquidity and 0% interest rates is the best way to create a new economic recovery. Also keep in mind that if the economy does have a second wave of a double dip recession that bubble ben bernanke is going to have to do a hell of lot better than just 0% interest rates, with 0% interest rates here to stay for at least another 1-2 years any threat of a double dip recession will have bubble ben bernanke up real late at night.
Boy Who Cried Bear Says We Are Going Down
- Thread starter shortie
- Start date
1174 yesterday. Gonna take this today.
We're nearing a top. Previously the news re: portugal today would have spooked the bejesus out the market now just a blip down and then people looking around saying wow no selling. I'm thinking this rally is cooked soon but after scrubbing my shorts umpteen times for a profit of $10 I'm gonna watch too which means we must have topped out.
Sooooooo......
Sell, sell, sell!!!!!!!!!!!
Sooooooo......
Sell, sell, sell!!!!!!!!!!!
Selling is foolish. Anyone who bought the dip (myself) on open looks pretty good right now. My hand is on the sell button, but won't do it until either:
1. End of the month (and QE comes to an end)
2. Convincing selling breaks key support.
Until then, it's business as usual. And business is good.