market higher becauseeeeeee???

bluud · May 30, 2007

Quote from dtrader98:

About the only argument that convinces me on the bull side (aside from price action), is that there are a few entities with extremely deep pockets that are using derivatives to push buying power into the markets on an unprecedented scale.

This does not equate to more buyers than sellers, nor does it reflect the crowd's view. It is very few buyers with colossal buying power.

What's most interesting is how we normally find all the sentiment indicators most bearish at bottoms. They have been bearish all the way up to the present top, indicating that the majority of participants see a huge disconnect between the state of the economy and the current market performance.

Too bad, neither their views, nor logic, move the markets, however-- concentrated, leveraged wealth does.

Markets tend to move the opposite of what most people think

myminitrading · May 30, 2007

Month end, make it look good.

stock_trad3r · May 30, 2007

What happened to sell in may go away?

myminitrading · May 30, 2007

Quote from S2007S:

Inflation and no sign of a bottom in housing and the dow goes on to new highs. Something is very wrong here....

Its month end.

Ivanovich · May 30, 2007

Quote from stock_trad3r:

What happened to sell in may go away?

That went away.

Stop trying to predict the collapse. It will happen, someday. That could be tomorrow, or it could be 4 years from now. Just play the trend. Right now, the trend is for easy money. Just get it while it lasts.

Free meats and cheeses.

traderdragon2 · May 30, 2007

Housing is dead, so people are pouring their money back into the markets instead. Housing returns are going to suck for a decade++

S2007S · May 30, 2007

Those minutes were nothing but bearish, I guess the trend is still up no matter what the economy does. I have a friend that is in the contracting business and says it hasnt been this slow with his business since the late 80's. I guess Ill pay no attention to the layoffs as well, housing collapse and inflation. Only 100% risk free money to be made.

S2007S · May 30, 2007

Quote from traderdragon2:

Housing is dead, so people are pouring their money back into the markets instead. Housing returns are going to suck for a decade++

I would say 5 years.

myminitrading · May 30, 2007

Quote from S2007S:

Those minutes were nothing but bearish, I guess the trend is still up no matter what the economy does. I have a friend that is in the contracting business and says it hasnt been this slow with his business since the late 80's. I guess Ill pay no attention to the layoffs as well, housing collapse and inflation. Only 100% risk free money to be made.

You know darn well you cant get long right here right now, you have convinced yourself things are bad and getting worse.

Your subconscious wont let you trade.

S2007S · May 30, 2007

Quote from myminitrading:

You know darn well you cant get long right here right now, you have convinced yourself things are bad and getting worse.

Your subconscious wont let you trade.

Doesnt the reports on inflation and housing foreclosures suggest there are plenty of rough times ahead for this economy yet the DOW just moves higher and higher, I will continue to mention that the higher this market goes the more severe the correction will be when the bear does decide to show up. The DOW could easily make its way to 16,000 but I would not rule out a 20-30% correction if this were to take place. Bull markets dont last forever, this one is nearing 5 years already with most averages up over 100%. It was sure funny to see the markets break out to new highs and the semis trade negative all day.