Did Media Blow Greek Smoke Up Your Rectum? Is It Time To Short Yet?

What's Your Short-term View?

  • Very Bullish

    Votes: 10 14.3%

  • Bullish

    Votes: 21 30.0%

  • Flat

    Votes: 15 21.4%

  • Bearish

    Votes: 15 21.4%

  • Very Bearish

    Votes: 9 12.9%
  • Total voters
    70
Futures up, Portugal now in focus, once news comes out that they need a bailout the market will drop about 4% and rise 7% thereafter....once the debt ceiling is raised on or around July 22nd the market will rally another 6% add earnings into the mix and you get another 7% rally....Damn this DOW is going to set new Records by the end of 2011, 14k+ by August!!!!!

Since you cant buy the dips just buy the rallies!!!!!


FUTURES
*S&P FUT
1338.80 +2.10 +0.16%
*DOW FUT
12556.00 +23.00 +0.18%
*NAS FUT
2377.75 +5.75 +0.24%
 
For what it's worth I'm getting a little bearish. Nothing too much yet but I would be urging some caution around here.

Edit: Not in the least because oil is going right back up. But I think the dip in oil is going to show up in the numbers before renewed nastiness. I really don't get this oil market either. Economy in decline + oil going up = traders deliberately trying to ruin the economy. There is no reason to be really aggressive on oil at this point, you can't win.
 
Quote from Locutus:

For what it's worth I'm getting a little bearish. Nothing too much yet but I would be urging some caution around here.

Edit: Not in the least because oil is going right back up. But I think the dip in oil is going to show up in the numbers before renewed nastiness. I really don't get this oil market either. Economy in decline + oil going up = traders deliberately trying to ruin the economy. There is no reason to be really aggressive on oil at this point, you can't win.
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Right I think my bearishness has been resolved now. Party is back on.
 
Quote from Locutus:

For what it's worth I'm getting a little bearish. Nothing too much yet but I would be urging some caution around here.

Edit: Not in the least because oil is going right back up. But I think the dip in oil is going to show up in the numbers before renewed nastiness. I really don't get this oil market either. Economy in decline + oil going up = traders deliberately trying to ruin the economy. There is no reason to be really aggressive on oil at this point, you can't win.
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You went from bull to bear, to neutral, to bear, to bull, then to bear, in space a short amount of time.:D
 
Quote from Locutus:

I really don't get this oil market either. Economy in decline + oil going up = traders deliberately trying to ruin the economy. There is no reason to be really aggressive on oil at this point, you can't win.
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Do you really want to know?
 
Quote from Tsing Tao:

Dude, no offense, but I've been following some of your calls for a month now. They've been rather abysmal.
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following his calls? i hope you did not overpay for them :)
 
Quote from tradingjournals:

You went from bull to bear, to neutral, then to bear, than bull, then bear in space a short amount of time.
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I wasn't bearish, depending on how you defined it. I was a bit worried about the lack of upside potential. Right now we're seeing some pretty phenomenal down pressure on the markets given the situation we're in, in Europe. Banks are getting hit very hard across the board. I basically wanted to see some support level hold in an institutional buying kind of fashion and that happened at which point I returned from being bullish but worried (I guess you could call it neutral-ish) to just bullish.

I was also going to write a whole rant on how the US rating agencies are irrational and carry a pretty strong "We from the US recommend the US" bias. I think the timing of this downgrade is really shitty (luckily the debt market pretty much ignored it), that it's very unnecessary and that nobody really should care because rating agencies are really rarely right about anything.

But it's turned out today I don't have to, because a lot of EU officials have been saying the same thing (that this downgrade is going too far) and now the crown jewel: "EU's Barnier says EU could look into possibility of suspending ratings on EU countries receiving bailouts". IN YO FACE!
 
Quote from tradingjournals:

You went from bull to bear, to neutral, to bear, to bull, then to bear, in space a short amount of time.:D
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You do the same thing regularily, but with the added bonus of completely fabricating trading results. At one point last week, you were posting the EUR/USD intraday moves like it is the main driver of US market levels. This is a silly premise, but no more silly then your sarcasm concerning theoretical "bulls" and "bears" that supposably make trades based on bad technical analysis and you are setting them straight.

Locotus is fairly green in some areas, and we have had severe disagreements at times. But he looks like a genius compared to yourself, GrandStuperCycle, or ( I have to Counter but you can call me ) Shortie. It is obvious none of the three of you have a clue how to trade effectively or analyze markets. Shortie I'll give credit for understanding he's learning and not claiming to be what he's not.
 
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