ES Journal Archive (2009 - 2010)

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Even against rising unemployment, rising inflation, and rising foreclosure rates, this market looked the other way and shot up anyway. But thanks to those Dubai idiots it will finally get floored. Who woulda thunk?!
 
dubai is just an excuse. the dubai news was out on wed and nobody cared.this mkt has ignored tons of bad news for months on end and has grinded ever higher for months on end.
 
Quote from saliva:

Even against rising unemployment, rising inflation, and rising foreclosure rates, this market looked the other way and shot up anyway. But thanks to those Dubai idiots it will finally get floored. Who woulda thunk?!
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The real idiots are the ones who set interest rate to zero percent thinking that it has no consequence.
 
Quote from jnorty:

dubai is just an excuse. the dubai news was out on wed and nobody cared.this mkt has ignored tons of bad news for months on end and has grinded ever higher for months on end.
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Exactly. It's down because it is down not b/c of Dubai's CDS.

What about FDIC being $8B in the hole? I'd think that is much more pertinent to our equity markets.
 
Quote from saliva:

How enlightening! :D

What's more revealing is that gurus are made, not born. With the aid of conditional statements like "if this, then that" coupled with hindsight analysis (eg "woulda, shoulda, coulda"), you too can become the next indisputable guru.
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No thanks. I don't want to be Mr. Elite Trader. We already have plenty of those in this thread. Joe Trader is just fine for me.
 
Dubai story is ridiculous. There is enough collateral out there to satisfy any sort of debt repayment. It´s just an excuse for bulls to take some money off the table.
 
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