Is this like 2003 when bulls went mad?

SPY In A Week

  • +5%

    Votes: 29 34.5%

  • +2%

    Votes: 10 11.9%

  • Flat

    Votes: 16 19.0%

  • -2%

    Votes: 17 20.2%

  • -5%

    Votes: 12 14.3%
  • Total voters
    84
Quote from S2007S:

Dont worry shortie, the dow is up over 10% in just 2 weeks, a short term pullback to 8500-8700 is in the works in my opinion, im still sticking with my prediction of 7 handles on both s&p and dow sometime over the next 4-6 months.

Today on fox bulls and bears a few bulls were pointing out that the s$p is going to 1100 and some were calling for 10,000+ on the DOW by years end, eric boilling said oil was going back to (you guessed it) $100 big ones. Again anyone who believes the economy can sustain $100 oil in this recession is fooling themselves. With nearly 15 million out of work and more losing jobs everyday just the threat of energy prices rising into the end of 2009 is extremely worrisome to many.
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don't bet against eric - he knows his stuff.
 
Quote from krazykarl:

don't bet against eric - he knows his stuff.
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Im sure he does, however please tell me how once again this economy is going to keep its "great" economic growth going with $100+ oil.
 
Quote from S2007S:

Im sure he does, however please tell me how once again this economy is going to keep its "great" economic growth going with $100+ oil.
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Once again, you miss the train and compare fundamentals in a market that doesn't care about fundamentals one bit.
 
June new home sales up 11%.....


vs up 2.4% in May.....


Wow this is great, let the rally continue.

:D :D :D :D :D


Im buying, buying, buying.
 
those who plan on buying into the current uptrend, where would you buy? will you wait until SPY pulls back to ~95 (middle of June top range), ~96 (upper level of June high), somewhere else?

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Quote from shortie:

those who plan on buying into the current uptrend, where would you buy? will you wait until SPY pulls back to ~95 (middle of June top range), ~96 (upper level of June high), somewhere else?

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Look for a pullback to previous resistance around 93-94 and buy into strength off that level? (Prev R becomes S)
 
Quote from NoDoji:

Look for a pullback to previous resistance around 93-94 and buy into strength off that level? (Prev R becomes S)
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at this point 93-94 level appears unreachable. may take some time to get there.

as we are sitting at the insanely high level ~98 (compared to march lows), a reasonable pull-back is very likely (especially after the most recent run-up) . yet, i see every tiny dip being vigorously bought. probably too many shorts got trapped and are bailing out at every opportunity. looks like we are not going down until the recent shorts are gone.

how to get rid of the current shorts supporting the market?

one scenario is that we keep trading in a narrow range for some time as the shorts are slowly bailing out. another scenario is a sharp run-up to panic the current shorts out.
 
Quote from shortie:

Short-term I am bearish because we are so overbought in the background of the bullish sentiment (no wall of worry).

I have ton of shorts that are underwater and the sinking feeling in my guts that this bull can't be stopped. Based on my past history, this combination invariably indicated a short-term top within days.
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how can it be a multi yr bull mkt.There is completely no liquidity in the small caps!! This tells me risk taking is at an absolute minimum
 
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