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ES up 10 points
- Thread starter pkts
- Start date
Nikkei opened 1.2% higher. The US is following.
Surging asian markets cause the futures to go higher because the us markets were flat today. This is dictated by the futures formula which is a weighted mean of all the foreign indexes added to the final close of th us markets at 8PM.
It goes both ways. Sometimes Japan follows US and other times US follows Japan.
keeps going higher..this is going to be huge. Dow could rise 400 points tomorrow
Dow 13,385.00 106.00 0.80
S&P 500 1,475.30 13.70 0.94
NASDAQ 1,989.75 15.00 0.76
Update just 7 minutes later
Dow 13,395.00 116.00 0.87
S&P 500 1,476.30 14.70 1.01
NASDAQ 1,991.50 16.75 0.85
simply astonishing
We're on the precipice of arguably the biggest rally in the history of the stock market.
In addition there will be no more bear markets -ever- and possibly no more corrections either as increasingly advanced trading systems and arbitrageurs. Arbitrageurs seek to profit from inefficiencies in systems, and events such as bear markets and crashes will no longer be possible since arbitrageurs will close the gap.
In addition fundamentals are historically strong. The mean PE ratio of the S&P 500 is at 15 year lows. Meanwhile global growth is staggering as 3rd world countries improve their standards of living. Multinationals stand to profit the most from this transition though free trade.
As I predicted weeks ago the subprime/lending/mortgage/liquidity "crisis" was merely a whimper. My argument was based on the lack of any concrete EVIDENCE of such a meltdown. Besides a few hedgefunds, financial & mortgage companies faltering the rest of industry has been unaffected. As a result the market will continue going higher since it appears the so called crisis wasn't really one.
By sometime 2008 the dow will be above 16000. It is really the time 2 buy.
Dow 13,385.00 106.00 0.80
S&P 500 1,475.30 13.70 0.94
NASDAQ 1,989.75 15.00 0.76
Update just 7 minutes later
Dow 13,395.00 116.00 0.87
S&P 500 1,476.30 14.70 1.01
NASDAQ 1,991.50 16.75 0.85
simply astonishing
We're on the precipice of arguably the biggest rally in the history of the stock market.
In addition there will be no more bear markets -ever- and possibly no more corrections either as increasingly advanced trading systems and arbitrageurs. Arbitrageurs seek to profit from inefficiencies in systems, and events such as bear markets and crashes will no longer be possible since arbitrageurs will close the gap.
In addition fundamentals are historically strong. The mean PE ratio of the S&P 500 is at 15 year lows. Meanwhile global growth is staggering as 3rd world countries improve their standards of living. Multinationals stand to profit the most from this transition though free trade.
As I predicted weeks ago the subprime/lending/mortgage/liquidity "crisis" was merely a whimper. My argument was based on the lack of any concrete EVIDENCE of such a meltdown. Besides a few hedgefunds, financial & mortgage companies faltering the rest of industry has been unaffected. As a result the market will continue going higher since it appears the so called crisis wasn't really one.
By sometime 2008 the dow will be above 16000. It is really the time 2 buy.