S@p 666-1100 on nothing but hype

J

jnorty

I've be tracking all the earnings and overall they suck. hog,aa,intc,ibm,c all have earnings and rev's down 8-40% year over year. earnings and rev's overall down 50% from the peak.1100 on the s@p has discounted a good 2-3 years out of 20% plus growth from here. this is without a doubt the most forward out looking mkt in history
 
What, you want the market to stay low? How do you make money with the market staying at your ideal level? Traders make money when the market goes through these wild swings. So let it swing!
 
They sold off a positive GS earnings report today. When the fins start giving it up, it getting near the end. IBM just got a little haircut tonight too. This rally is getting very tired... maybe 1150 tops, then bye bye.

I started scaling into a few short positions today.
 
Quote from Petsamo:

What, you want the market to stay low? How do you make money with the market staying at your ideal level? Traders make money when the market goes through these wild swings. So let it swing!
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The volume is so low now, it can swing either way in a very very short period.
 
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