Market refuses to go down

Quote from ehorn:

Right on... I think Dent may have been too optimistic with wave B and too conservative with Wave C.
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Completely agree!! ENGRAVE this into your head!!! He called this huge rally, this is 2009..... 2010 is going to be scary, it gives me goosebumps.
 

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We'll see something like this..

Dent forecasts 30 yr treasuries to make it to ~7% in 2010 and then for yields to fall to near 2% by mid 2012. A huge bull market is coming for treasuries once this turns around.
 

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Buying the overnight dip has been the easy trade all week, last night was no exception.

Big bear capitulation coming very soon now.
 
Something has to give, either gold is headed lower or the markets are headed for a pullback, gold prices going higher is going to signal people are worried about inflation. Gold is extremely undervalued, 1200 is coming and 1500 in 2011+.

Gold is still cheap considering for inflation adjusted it should be trading at $2000 an ounce.


Markets are still climbing a wall of worry, everyone should know that the pullback is always quicker than the rally.

No bull ever expected the the s$p to drop below 700, guess what it did, anything can happen in these markets.
 
Quote from Mvic:

Buying the overnight dip has been the easy trade all week, last night was no exception.

Big bear capitulation coming very soon now.
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Yes. I will be looking for a +25 handle H4 bar that closes as a shooting star.

A terrorist attack (god forbid) will likely happen once we turn down again. The current administration will welcome this attack because it will be blamed for the faltering economy and not the failed stimuli.
 
Get ready for more upside....

HIGHEST since 2007

consumer con 70.2 WHEWWWWWWWWWWWWWWWWWWW


vs 65.7 WHEWWWWWWWWWWWWWWWW



KEEP BUYING THE MARKET, going higher....

risk is no longer there, its buy and make tons of money.


collapsing dollar is not going to be a problem so keep buying equities.
 
"Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
All the king's horses,
And all the king's men,
Couldn't put Humpty together again..." :D
 
Quote from S2007S:

Something has to give, either gold is headed lower or the markets are headed for a pullback, gold prices going higher is going to signal people are worried about inflation. Gold is extremely undervalued, 1200 is coming and 1500 in 2011+.

Gold is still cheap considering for inflation adjusted it should be trading at $2000 an ounce.


Markets are still climbing a wall of worry, everyone should know that the pullback is always quicker than the rally.

No bull ever expected the the s$p to drop below 700, guess what it did, anything can happen in these markets.
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I think it is all about the $, there is a lot of worry that the $ is going to crash soon. That will see a jump in equities (especially tech). and gold. Yes the fundamentals suck and the numbers don't reflect what is really going on but as long as the $ loses value none of it matters anyway. Those poor bastards loading on the shorts (and I can relate as I was one of them until not too long ago) will get killed simply due to dollar weakness. They are very close to capitulating because they got short right before the break out and then faded it too. I won't close out longs and go short until I see the vix under 20 and a high volume blow off top scenario.
 
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