Do we have to go up everyday?

Quote from stock_trad3r:

market going much higher from here
Probably. Cause too many are in disbelief and get left behind. Too many waiting for "correction" so they can go long.
 
Quote from SiSePuede!:

Whatever bro...keep making predictions. The market is moving up and I'm making money off of it. I might be bearish but that doesn't mean I can't capitalize on this insanity of 100% up room to go...your problem is that you equate bearishness with lack of ability to capitalize on moves and you're actually the one who is misjudging because many of us who are bearish are probably making money without necessarily predicting exactly when it will end, we just assume it will end sometime. :D

If you're making money off of it, then why not just be happy? All of your posts seem to have such a negative air off them. Just enjoy the ride. Sure, it's crazy - but it's a crazy world!
 
Quote from michaelscott:

You guys display your ignorance everyday of the week.

You have to shake this Y2k thing. The year 2000 is *over*. Its done. Complete.

If during the 1970s, you were shaken out and had this attitude that the stock market was trash then you missed out on the greatest time to make money in history.

If you got shaken out in the late 20s, then you would have missed the chance to get in in the 30s or 40s.

The stock market changes all the time. The year 2000 was 7 years ago, its not today.

Cut this thinking out of market crashes, bubbles and such. That was yesterday, today is a new song.



We will keep going higher until the S&P500 reaches 2200. Watch and learn.

for a trader you seem to have more time than Big Ben to post your daily book here on ET.

If history has taught us anything is that it has a tendency to repeat itself so instead of buying blindly into euphoria like you claim to be........what is it that the fortunate here are going to watch & learn from you ????? You getting caught without a chair when the music stops.

another ET know it all with too much time on his hands....eh Ben?
 
Quote from Ivanovich:

If you're making money off of it, then why not just be happy? All of your posts seem to have such a negative air off them. Just enjoy the ride. Sure, it's crazy - but it's a crazy world!

I'm not sure why you take all my posts as negative. That's not my deal...I'm a happy go lucky kind of guy. I'm not a trader by nature, I'm a better investor I'd say.

Most of the plays I make short term are just play money to keep me entertained. I'm trying to learn the ropes of swing trading. Sorry if my posts sound negative...although I do enjoy teasing stock_turder because I don't eve remember having encountered someone who came across as such an idiot. Cheers bro. :D
 
The reason the market goes up every day is because it is trying to catch up with its fair value, which is about 25% higher than what the current value is now (based on the spread between the 10-yr bond yield and the S&P forward earnings yield). The poor bears misjudged the recent advance as a "bubble", and so they will continue to lose money as the spread eventually tightens to zero.
 
Until we see some downside follow thru and several close below at least the 20 day moving average buy the dips, just dont go hog wild.

One of these days its going to reverse, are we their yet, you got me.

One the weekly index charts we are set up with a negative divergence, the happen about one a year.

The jury is still out.
 
Quote from myminitrading:

Hey I was just kidding, you can stop going down now :(

:D The volatility is back and whoever the hell said they were buying up September 15 VIX Calls made me want to join them and unfortunately I forgot this morning...nice buy.
 
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