rally into the close?

why we're going higher:

maybe credit fears overblown

nov dec most bullish months of year for stocks

rate cut cycle

strong growth overseas

cheap dollar good for exporters

lame duck cycle
 
the only problem with the general argument of strong November/December is everyone will be looking to look in tax LOSSES towards the end of the year, so we could see increased selling .... we'll see though
 
For every reason you can give for the market to edge higher I can give two maybe three the market will tank and break away lower. It sure does pay to be a stubborn moron in bull markets and buy, buy buy! At turning points into bear markets this attitude will surely leave you heartbroken when someone like me shorts you calls or stock. buy em!
 
Quote from jbride12:

the only problem with the general argument of strong November/December is everyone will be looking to look in tax LOSSES towards the end of the year, so we could see increased selling .... we'll see though
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exactly. what the hell is this kid talking about with nov and dec best months for the market? did he start trading in january or something?
 
Looks like too many were waiting for another squirt up into the closing bell. Real disappointing close for the bulls, especially NQ futures look like puke.
 
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