DJIA 10+ of past 11 weeks - wtf?

Quote from noddyboy:

Oh, and I think the more weeks in a row up is healthier. When the market is overleveraged, it spikes up and down and causes negative autocorrelation. Many in a row is way healthier, think 1994-1997.
More...

I wouldnt disagree with your health snapshot but think 1999-2000.

My point is this trend is fictional - it is a fairytale being created by printing currency. The economy was solid and actually growing in the '90s. We are in a dead cat bounce from the the gouging we took 2 years ago but have reached lofty market levels.
 
Quote from spinn:

The banks can borrow money at 0.25% from the fed. They sure are not lending it out so they are buying stocks, and oil, with borrowed money.

Imagine someone giving you a .25% interest credit card with a $1 million limit. If you default, you dont even have to pay it back. If you had that, would you buy stuff for yourself, or lend money to your friends?
More...


Absolutely - that is my point - the fed prints money, "lends it" to folks like GS, they invest to elevate portfolios - this is a "fiat trend".
 
Amazes me to see how quick they can pump the system with worthless monopoly dollars and create anything and everything to keep stocks rising to no end, 10 out of 11 up weeks is extremely impressive. IF it had been the other way around, you know 10 down weeks out of the last 11 they would probably do everything to keep it propped up, when things are going great and greed is running rampant no one cares to do anything until it of course it goes in the other direction.



To clue everyone in yet again, this is another bubble growing, everyone may think and feel that its a recovery in the making but in reality its certainly not, all they are doing is creating yet another asset bubble to prop the economy once again. We saw it in 2001-2002 when the fed brought rates down to historical lows and kept them there to fuel liquidity across all different types of asset classes, it worked so well that it completely fell apart from greed, corruption and manipulation. The same thing is happening yet again, its all a fucking game, they are going to keep rates down to fuel the economy and over heat it as they usually do and will always do. Banks are borrowing at 0% and using it to get returns that no one person can, the rest of the population keeps their money tied up in a savings account getting a whole fucking .15% a year, even cds are damn worthless. The sad thing is the many people who saved and did the right thing by putting away each month and having something what we call savings is getting absolutely nothing worth out of their hard earned dollar that they have put away for years and years and years. Most of their hard earned money went to bailing out the entire bankrupt industry that was on the verge of collapsing. Sad how the the true people do the right thing and get nothing in return and those on wallstreet who created the manipulation and corruption are making billion and billions. This is not a recovery, this is more manipulation to show everyone everything is fine and that the credit crisis that came and went in a few days was nothing more than a small little part of how bubbles come and go.
 
All they have to do is keep the balls in the air until the next shift guy shows up.
With a little luck they won't be caught when the music stops and can move on or retire comfortably to write their memoir.

Worked very well for corporation and for government for a long time.
 
The recent run reminds me of mid/later 2007, when the market would just go up every single day and rally on bad news time and time again. Finally peaking near Dow 14,400. There were like 2 to 3 new threads DAILY concerning the infamous price protection team and how the market will keep going up, free money, etc.

Its amazing that it only took a few years and here we are again.
 
Quote from DeltaSpread:

The recent run reminds me of mid/later 2007, when the market would just go up every single day and rally on bad news time and time again. Finally peaking near Dow 14,400. There were like 2 to 3 new threads DAILY concerning the infamous price protection team and how the market will keep going up, free money, etc.

Its amazing that it only took a few years and here we are again. [/QUOTE

I remember stock_trad3r as well -- and I don't see him or anyone like him, so I am sure the bulls are safe.
More...
 
Well it is official - reported on a major financial news outlet "there is no end in sight to the rally" - time for the bandwagon bunnies to hop on for the last pitch up. There has not even been a meaningful consolidation or pullback in recent months. If DJIA and friends reach pre-bubble heights in THIS economy then there will be a "pop" heard around the world.
 
You must log in or register to reply here.
Back
Top