You sound so bullish!
Yeah, it does crazy things...the herding of this market is something to behold...my guess is that the sentiment swings must be epic...the angle's of these rallies and sell-offs just create massive short term sentiment swings...i960 allluded to this last week, and it's kind of telling, because when we were trading below 1900 on spx, the concept of 1980 seemed like a mile away...and all it takes is one of those buy em ugly days higher and before you know it we've rallied 100 es points...
Even with the bearish action is so many sectors, the indicies still chop and drop on the way down, but suddenly the charts "look pretty" when it's a buy...
cnbc actually has the prices of microsofts new phones as BREAKING NEWS
this is quite a joke isnt it...why is this considered breaking news in 2015???? No one cares about smartphone prices as breaking news as a top headline on cnbc, they must have 20 year olds working this website!
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I think its breaking cuz they have always been $79, $99, $129 dollars and the new prices are almost 10 times that
Another guy on cnbc saying s$p 2060
http://www.cnbc.com/2015/10/06/the-indicator-that-could-point-to-a-big-q4-rally.html
According to Oppenheimer's composite market sentiment measures, which use information from Investors Intelligence, Consensus Inc., Market Vane and the American Association of Individual Investors, 79 percent of the market was bullish in March. More recently, that positive sentiment has fallen to 31 percent, one of the lowest readings in several years, Wald said.
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"Now that the market has stabilized, we've tested the low from August, we think we're in the position where we snap back the other way," Wald said. "We see a lot of contrarian firepower here."
Read MoreI'm selling the rally—here's why: Trader
Wald said he sees the S&P 500 going back to its 200-day moving average of about 2,060, a 4 percent gain from where it closed Monday.
Pricechange, told you to hold off on DWTI, I hope you didn't buy....its really dropping today!
down to the mid 80's, Like I said wait till oil gets above $50.....DWTI could easily be in the $60-$70 range by then.