Bulls are back- enough of this doom & gloom

Quote from frank grimes:

1375....
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Try shorting SPX at 1396 - 1400 area, hope fully you will be handed down some kind of lesson this time.

People are panicking getting paid 2-3% on checking accounts, they are pouring so much money into the stocks now that's why you see these huge moves..... and the Feds are not done cutting rate, there is more to come...
 
Quote from ByLoSellHi:

I love this thread title.

Just wish it, and make it so.

S&P, 1900!

Make it so!
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YOU may get your wish, if you join the bulls.. otherwise your kind of mentality is finished in the market place. No more shorting the rallies, rushing to the exits, scalping few pennies and going home flat.
 
Quote from HedgefundTrader2:

Try shorting SPX at 1396 - 1400 area, hope fully you will be handed down some kind of lesson this time.

People are panicking getting paid 2-3% on checking accounts, they are pouring so much money into the stocks now that's why you see these huge moves..... and the Feds are not done cutting rate, there is more to come...
More...

Yes its all retail money coming in from checking accounts. There is a foreclosure problem in this country, no ma and pa's are taking money out of their checking accounts because Georgie tells 'em their fine, they can barely pay the house, buy groceries, and put gas in the hooptie.

You really don't have a clue do you? I have the sneaking suspicion that you HFT2 are a college grad, whos unemployed and watches to much CNBC and is worried about the $100 in mutual fund shares some uncle gave you for christmas. Post some real trades and come back in a year and we'll all evaluate how you did. A$$ clown.
 
Quote from bdon:

Yes its all retail money coming in from checking accounts. There is a foreclosure problem in this country, no ma and pa's are taking money out of their checking accounts because Georgie tells 'em their fine, they can barely pay the house, buy groceries, and put gas in the hooptie.
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A foreclosure problem, expect foreclosure rates to keep rising over the next 2 years as HUNDREDS OF BILLIONS of ARMS reset, I will continue to repeat myself over and over again, it seems everyone thinks that the economy is ready to run hot again...

:p
 
From investors.com:

"WASHINGTON (MarketWatch) -- U.S. employers cut back their hiring in March for the third straight month, a clear sign that pessimism about the near-term economic outlook was justified, government data released on Friday showed."


http://www.investors.com/breakingnews.asp?journalid=71015195&brk=1

Quote from HedgefundTrader2:

YOU may get your wish, if you join the bulls.. otherwise your kind of mentality is finished in the market place. No more shorting the rallies, rushing to the exits, scalping few pennies and going home flat.
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No clear direction. Can't make heads or tails out of this market. I'm just not very good at range trading I guess.

I will say for the last three days we are holding at the upper end of this three month range. Still alot of nothing.
 
Quote from Aaron Copland:

No clear direction. Can't make heads or tails out of this market. I'm just not very good at range trading I guess.

I will say for the last three days we are holding at the upper end of this three month range. Still alot of nothing.
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I am in a same boat with you. I was expecting for market to sell off after the payroll numbers to gain momentum for a break out. Now it looks like it is losing a lot of energy against resistance, just getting more overbought.
 
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