Go long SPY again, make money again!

Cant keep up with these intraday highs....

Not one pullback since the open and it will stay that way into the close, the chances of this rally today fading away and seeing the market reverse and close down in 0.00001%%%%


DOW
12029.94 138.01 +1.16%
NASDAQ
2753.56 53.48 +1.98%
S&P 500
1307.22 21.10 +1.64%

FEW minutes later!!

DOW
12035.77 143.84 +1.21%
NASDAQ
2754.01 53.93 +2.00%
S&P 500
1307.80 21.68 +1.69%


:p :p :p :p :p
 
Maybe we're rallying because Obamacare is null & void!
devilchilli.gif
 
See a 0.1% correction?
Back up the truck and load up.
Feverish buying will follow for at least 3 days

Dow to 20,000 by EOD 2011, 100,000 by EOD 2015!!!!
 
The market is the only thing that make those feel a bit richer than they were the day before, however how many people who actually live in the US depend on the stock market to make ends meet??? NOT many people. With nearly 50,000,000 in Poverty who is actually benefiting from the rally in equities....all were doing is creating inflation.... how are tens of millions of people out of work with tens of millions of people in poverty going to afford to heat, feed and cloth their families as prices of consumer good skyrocket.... the only way Bubble ben bernanke and friends know how to so call "fix" this crisis is to inflate their way out.... they will be proven wrong in years to come when inflation is running rampant through the system. This is not the kind of fix you want, everyone is jumping for joy because stocks are up but who is that really benefiting, again its only the rich and wealthy getting the bailout while the middle class working family is still struggling...Pull out some more magic tricks Bubble ben bernanke, your going to need a lot more than the ones you have right now. haha
 
Quote from hayman:

Egypt ? What's Egypt ? Oh, you mean that ancient history from last week ? HFT algorithms don't look at ancient historical news events. They just keep the trend moving. Boy, oh boy, can you imagine the acceleration of the market fall, when the HFT's computers decide that we are in a correction ? It'll be a friggin' tidal wave...

Until that time, enjoy the LONG ride....anyone for DOW 12,300 by the end of the week ?
More...


Egypt was always a non event.....


But plenty of hedges had to go short on the what if scenario....

Now they are covering, on top of all the other factors....
 
Quote from pupu:

See a 0.1% correction?
Back up the truck and load up.
Feverish buying will follow for at least 3 days

Dow to 20,000 by EOD 2011, 100,000 by EOD 2015!!!!
More...


Agree. Every 0.1 Dip needs to be bought, I would say its actually time to mortgage the house and max out credit cards and just start buying the 2x and 3X etfs, I mean why waste your time with SPY, QQQQ, IWM or QQQQ...when there is no risk in the market its time to double and triple your exposure!

Im thinking more like 16,000-18,000 by the end of 2011, but your close enough.

As for 100,000 by 2015, I think your being a tad too bullish, I would go with about 50,000 give or take a few thousand....
 
Quote from S2007S:

The market is the only thing that make those feel a bit richer than they were the day before, however how many people who actually live in the US depend on the stock market to make ends meet??? NOT many people. With nearly 50,000,000 in Poverty who is actually benefiting from the rally in equities....all were doing is creating inflation.... how are tens of millions of people out of work with tens of millions of people in poverty going to afford to heat, feed and cloth their families as prices of consumer good skyrocket.... the only way Bubble ben bernanke and friends know how to so call "fix" this crisis is to inflate their way out.... they will be proven wrong in years to come when inflation is running rampant through the system. This is not the kind of fix you want, everyone is jumping for joy because stocks are up but who is that really benefiting, again its only the rich and wealthy getting the bailout while the middle class working family is still struggling...Pull out some more magic tricks Bubble ben bernanke, your going to need a lot more than the ones you have right now. haha
More...



To much common sense in this post for a BTFD thread....


I hope one of these fundamentalist blows Bubble Ben up.....
 
Quote from candles:

very bullish pattern setting up.
Should see 1420 very soon
More...


why waste your time thinking 1420 when you know for a GIVEN FACT they will push the SPX to fresh highs in the next 6 months. If you know its going to 1420 you should just say 1575 or 1600 because thats where its going, they are not going to stop the rally at 1420, 1420 is just the beginning as the SPX makes its way to new highs by mid 2011. They are going to pump the market up and inflate their way out of this crisis but when the next collapse comes dont think its going to be a 10-20% correction, its going to be more like a 40-70% correction, the higher this market goes without any meaning full pullback the next collapse will set off one of the biggest sell offs in history.
 
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