Frantic Buying

actually supposedly the economy is turning for the good.

It's kinda like a automatic watch about to break down, but when you have a thousand master watch makers atempting to repair it by replacing the gears, greasing the parts; eventually it will start to cycle and function again. May not keep the best time but it will run ya ?

the problem is that statistically, it has just gone up too much for too long. TOO MUCH FOR TOO LONG. Even a long like me is staying the heck away now and I don't give a crap how much higher it goes.



Quote from S2007S:

I dont comprehend why someone would buy GS of BAC after running up over 100% in only a 2 months, there will be a pullback, as soon as people get that 1st feel of a triple digit down day they will back off, there will be a nice solid 3-4% drop in the indexes coming, nothing goes up forever, will you be able to buy this market at much lower prices? OF course. People were selling everything just 2 months ago, today they are tripping over each other to buy, buy, buy, nothing has changed over the last 2 months, the economy is still declining and will continue to for years to come.
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It all depends on the Far East really imo. If the Yen weakens substantially we will see a second leg of this recession, possible more substantial than the first in many respects. As has been said though, it's dangerous to say that anything in this game is definite.
 
Quote from midniteeuropa:

I've seen this before, been there done that.

we are in the last phases of the up trend rally, getting long is financial suicide at this point. Anyone who even thinks the market will continue to keep going up is a newbie rookie or a complete tool.

last transfer of money will be by the rookie chasers.

I don't give a crap how much higher it goes up...NO WAY JOSE.

good luck all
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Agree with you that going long is low probability trade. But remember that people are irrational. You'd be amazed how much money was lost on buying puts in 2006 and early 2007. We have to trade what we see on charts.

Going long now is ok with intraday trades, but I agree with you and wouldn't hold anything overnight as it is now too risky. For overnight long trades, option strategies should be used instead of the underlying.
 
no doubt goverments picked the best of the best traders to do manipultion for them. They know exactly what you thinking beeing fundamental, technical or whatever style. They have unlimited resources and superior info available. You have info they serve you.

They will win, no doubt.

So... join them :cool:
 
Quote from Mr.Consistent:

Agree with you that going long is low probability trade. But remember that people are irrational. You'd be amazed how much money was lost on buying puts in 2006 and early 2007. We have to trade what we see on charts.

Going long now is ok with intraday trades, but I agree with you and wouldn't hold anything overnight as it is now too risky. For overnight long trades, option strategies should be used instead of the underlying.
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The futures get jammed up 9 out of the last ten nights.
 
Quote from midniteeuropa:

I've seen this before, been there done that.

we are in the last phases of the up trend rally, getting long is financial suicide at this point. Anyone who even thinks the market will continue to keep going up is a newbie rookie or a complete tool.

last transfer of money will be by the rookie chasers.

I don't give a crap how much higher it goes up...NO WAY JOSE.

good luck all
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If you feel so strongly and it seems you do, why don’t you just get short?
 
I don't take short positions, especially at this point.

maximum gain is a double, maximum loss is 4x to 10x, too scary.

Quote from Roman Candle:

If you feel so strongly and it seems you do, why don’t you just get short?
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