Can everyone just admit that this entire rally is based off trillions of dollars pumped in by the fed ...why doest any analyst ..any CEO ..any economist admit this. The only reason why earnings are where they are ...why there are asset bubbles, inflation, overvalued companies all over silicon valley art bubbles....apps worth millions of dollars after only coming to market a few weeks ago ..car auction bubbles, people paying nearly a million dollars for cottages in California and $100 million for a piece of sculptured metal is because of the nearly $5,000,000,000,000 balance sheet the fed carries...I can keep going on and on......were still in a crisis but its being covered up by the trillions being poured into the system..when the next collapse comes along which will be worse than the previous ones we have experienced don't be at all surprised ...there will come a day where you will be able to fight the fed....
I am seeing a lot of Double Tops
- Thread starter NY_HOOD
- Start date
You are delusional and probably need help. A sane, reasonable person knows that buying art has ZERO connection to US federal reserve policy. But to you it's all one big giant conspiracy that involves every aspect of finance and assets in the world.
You seem to base your whole life on hoping for economic ruin for everyone. Like that is even possible. Sad.
No, can't admit it because it ain't true. The rally is there to take out the shorters prior the crash. The market moves this way because it is profitable for those who move it. If the shorters are not nimble enough to save themselves then they deserve to have their greedy fingers bunt. The rally will continue until every penny from the shorters are bled out of them.
Last edited:
I see narrow range consolidation at all-time highs. More often than not this means an upside breakout is likely. I think failed break out of this range would be a better sign of a pending correction. I prefer to see a double top or double bottom off a deeper pullback. There's really been no pullback off these highs.
Keep thinking that inflated art prices have nothing to do with fed policy...
Everything they have done is the reason why art auctions are breaking records...its the same reason zynga had an IPO and the reason why facebook paid $20,000,000,000 for an app called whatsapp....I don't think you see the connection ...you will when the next collapse takes, because its always after the fact people realize ahhhh that was why...only a few handful of people comprehend it...the rest are the fools who think that this time its different.
You are the "fool" who posted absolutely horrible economic and market related projections in 2009 and 2010. Should we go through them now ? So you reappear in 2014 and start posting the same hysteria ( almost word for word at times ), and try to excuse your horrible judgement because somehow markets "aren't real".
Last edited:
~2050 handle on the S&P is probably a good short level.
It's a huge broadening wedge off the weeklies.
It's a huge broadening wedge off the weeklies.
Forget this stuff about the Fed, trust the tape.
It is the only thing for a gambler. If one doesn't take casino style bets, timing isn't critical. The market has it's own timing, one should not force one's own timing on it. Nor should one pretend one has a direct line to the market's time keeper.