BS market

[stock_trad3r]

Its a bull market

the spooz is well above 1252.

 

[S2007S]

Quote from MrDODGE:

Market is dilusional, passing off bad news as good news since expectations have been lowered to a point any company can beat.

It will catch up to us at some point.

Thats exactly right, they have lowered the expectations so much that anything looks great......given the great rally today on JPM/INTC and KO earnings.

 

[S2007S]

IBM in rally mode AH should add another 300 points to the dow tomorrow...

 

[DeepFried]

Quote from MrDODGE:

VIX @ 20.66

hahahahaha

The VIX broke sharply below its 200 day moving average for the first time since August of '06. Remember the Fall 2006 rally?

Whatever you think of the market's logic, don't try to stand in its way.

 

[S2007S]

Quote from DeepFried:

The VIX broke sharply below its 200 day moving average for the first time since August of '06. Remember the Fall 2006 rally?

Whatever you think of the market's logic, don't try to stand in its way.

And why is the market going to rally hard???


oh I forgot, the biggest credit crisis in history is over with, a few months, tons of liquidity pumped into the market, rates below 3% and free money has helped everything, let the rally continue, this time to 16,000 please....

 

[gohstrader]

Quote from The Kin:

Oil @ $115 and stock market soars. The dollar is collapsing and may even be forced to raise stocks. Yet stock market soars. F this BS market.

Disclaimer, I'm making money by being long, I just don't understand why.

I hear ya dude. I used to feel the same way and finally after spending countless hours trying to find out why the market does this or that I gave up. It does'nt matter. I trade what I see--end of story.

As far as gas goes I have to say that I am happy I only fill my tank (maybe) once every three weeks unless I take a trip somewhere. Lots of friends saying they are spnedint $65-$200/week just to go to work. That almost pays my major medical (@ 100/week) so thats all good not to mention the traffic.

Anyway--have a good one--trade what you see and let the other guys figure it out.

Good Trading
GT

 

[canuckrookie]

This is unsustainable. Stagflation at it's best. Coke had awesome earnings, "big deal". JP did better than expected, again "big deal". However, this might be saying that the market hit bottom the other month since todays beige book was bad news and the market still rallied on the earnings reports.

 

[Landis82]

Quote from S2007S:

And why is the market going to rally hard???


oh I forgot, the biggest credit crisis in history is over with, a few months, tons of liquidity pumped into the market, rates below 3% and free money has helped everything, let the rally continue, this time to 16,000 please....

Yawn.

 

[Landis82]

Quote from S2007S:

This is a very, very, very irrational market at this moment, I agree with oil at $115 and a dollar that just cannot find a bottom that seeing the market up like this is pretty funny. Seems the market could care less, however the consumer is hurting, these high energy prices along with high food prices is going to take its toll...this is a bear market rally, not only are we in a bear market but a recession as well, dont let a 250+ point rally fool you. This economy is in worse shape now than it was just last month...

Too bad you are unable to pull the trigger and TRADE.

Your "brain" and built in "bias" does not allow you to do so.
To you, the market is never right. It's always wrong.

So I guess we will continue to see more and more posts from you like the one's above . . .

Yawn.

 

[cszulc]

I can't believe this market is still going higher. In hindsight, it is starting to remind me of Oct/Nov/Dec '07, when credit problems started to appear and the market still rallied.

The Fed doesn't have any room for additional cuts, inflation is running high (I still hate how the Fed doesn't look at Food or Energy for their forecasting numbers), and not all banks have reported earning yet (we got MER, C, COF, BAC, FITB) and a bunch of other good economic indicator-type earnings.

The market shrugged off concerns from GE, but I'm thinking all the financials can't beat lowered expectations (especially C and MER). I added a lot more short at the close (SPY put spreads and call credit spreads), because I think we're headed lower from here.

And, also, now that everyone is calling the bottom (like they did in November, haha), we should head lower.