Reasons to be bullish

noddyboy · Jul 23, 2009

Quote from aceofbase:

the people buying now are not investors but speculators leveraged too. it's pure short covering AND market manipulation to pump up the markets. but markets are at 2005 levels what they want 2008 levels.

Cash in money market funds are 100% of stock market capitalization. That is as unleveraged as you can be, and lots of money to invest, not speculate.

Don't be caught up in the populist rant of politicians -- the masses lose money. Be an elite trader.

Anaconda · Jul 23, 2009

Quote from wolfab82:

Pat on the back...dude, how OLD are you to be arguing with someone who needs self assurance?

You are a moron and your logic is no good my friend.

The fact that you responded to your dumbassed nickname says alot about you...you responded to your own negativity, with, MORE negativity!

You loser, you are trolling my posts? Shouldnt you be trading?

I am done for the day.

Seriously, how old are you?

Did your mommy forget to bring down milk & cookies to you?

aceofbase · Jul 23, 2009

vix at 23 means no put buying or no fear of prices dropping.

market valuations are at 2006 levels. p/e is 20

well if you want the fantasy market.

Quote from noddyboy:

We are above the 50,200,252 DMA
The 50 DMA has crossed the 200 DMA
Banking crisis is over
VIX is at 23

noddyboy · Jul 23, 2009

Quote from aceofbase:

vix at 23 means no put buying or no fear of prices dropping.

market valuations are at 2006 levels. p/e is 20

well if you want the fantasy market.

put/call ratio was above 1.0 for 7/7, 7/8, 7/9 and 7/10. Most people buy options -- so lots of fear. The low VIX represents a new regime.

noddyboy · Jul 23, 2009

Quote from aceofbase:

vix at 23 means no put buying or no fear of prices dropping.

market valuations are at 2006 levels. p/e is 20

well if you want the fantasy market.

Anyway, I was short before long now. Not tied to any long term position. I have reasons to be bearish too, but I think the forums need some balance in opinions.

Ivanovich · Jul 23, 2009

The only reason that matters to be Bullish is "Price Action". Quit trying to justify it.

circadian · Jul 23, 2009

All it took to get this rally going was:

1. A few trillion $USD
2. Socialization of financial sector
3. 10% unemployment (and rising)
4. Largest deficit.....EVER
5. A Fed Funds rate very near to zero
6. A couple of stimulus checks
7. FASB 157 relaxation
8. Uptick reinstatement on financials
9. Skyrocketing foreclosure rate
10. Quantitative easing
11. A weakining USD
12. Campaign of Confidence by Obama Administration
13. Warren Buffet growing ever-more cautious
14. GM bankruptcy
15. California bankruptcy
16. 40% fall in home values
17. Golman liquidity-provider-rebate-based earnings boost
18. Decreasing corporate revenues
19. The growing bearishness of Larry Kudlow (yes, it's true)
20. The death of Michael Jackson

paysense · Jul 23, 2009

Quote from noddyboy:

put/call ratio was above 1.0 for 7/7, 7/8, 7/9 and 7/10. Most people buy options -- so lots of fear. The low VIX represents a new regime.

Yes Price and Volume action has dictated some very encouraging action.

But, can anyone point to why the Vix has <b>GAINED</b> today?

Lucrum · Jul 23, 2009

Quote from aceofbase:

vix at 23 means no put buying or no fear of prices dropping.

The CBOE Volatility Index (VIX) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices.

circadian · Jul 23, 2009

Quote from paysense:

Yes Price and Volume action has dictated some very encouraging action.

But, can anyone point to why the Vix has <b>GAINED</b> today?

Volatility is so cheap here.