Quote from HedgefundTrader2:
YOU seem not to get it. How many times SPX had the chance to blow past 1270 levels in last 3 months? I counted at least 6 times, yet it magically stops on dime.
Oh so your whole theory is based on 3 months of data? Are you kidding me? I hope you aren't that ignorant.
Here is a link to a chart of the SPX for a little longer than 3 months. Please notice the dip in 2002/2003 during the last recession. If you can remember longer than 3 months ago you might remember that the declining jobs numbers in 2001 are very similar to what we are seeing now.
http://bigcharts.marketwatch.com/qu...?symb=SP500&sid=0&o_symb=SP500&freq=2&time=13
Quote from HedgefundTrader2:
Never underestimate the Feds, they will never run out of tools.
That statement really helps your credibility
Quote from HedgefundTrader2:
They have cut massive rates that have in turn created huge tons of money resources and fuel for the economy. Money market accounts only paying 2-3 % where do you think that horded cash is going to end up?
My guess is the people without jobs or those who are struggling to pay their mortgages might decide that neither market nor MMAs are the best option, rather they might opt to pay their bills and buy food.
Quote from HedgefundTrader2:
Do you remember the last time Feds started cutting rates Greenspan only cut 0.5 point at a time , what happened afterwards? Rewind to circa 2001-2003.
Yes lets look at that chart again move your eyes to the middle of the chart to see 2001-2003
http://bigcharts.marketwatch.com/qu...?symb=SP500&sid=0&o_symb=SP500&freq=2&time=13
Quote from HedgefundTrader2:
Feds created biggest bull market in equities and real estate. You eye Feds as some incompetent idiots who have not played this game for last 100 years. IF the Feds had not raised rates from 2003- 2005 about 18 times we should still have a sizzling real estate markets. Its their game, they turn the spigot on and off.
In the last 100 years there has been numerous recessions that the fed haven't been able to prevent even though they have all these magical tools. They couldn't even stop the depression with their amazing brains and unlimited tools.
Quote from HedgefundTrader2:
BTW US financial markets are not some arbitrary random walk game. They are heavily guarded and controlled events. Presidents working group overseas such events and makes sure a smooth , stable and uneventful environment.
Are you running the presidents working group fan club?
Quote from HedgefundTrader2:
Lets see if you can push SPX below 1270 anytime soon. Try shorting with all your puny capital, and will powers. Come on try lil bastards.
Again HedgefundTrader2 when you look at the market from a big picture perspective, it isn't just a game of the shorts vs the bulls. There are underlying fundamentals that affect everyone. Currently those fundamentals are pointing towards a significant correction, not just in the market, but the whole economy.