Quote from Maverick74:
http://www.bespokeinvest.com/thinkb...iment-drops-for-first-time-in-five-weeks.html
AAII actually showed less bulls this week. My God man, this will never stop. This chart shows that most people are watching this rally, not long it. Not saying we can't pull back, but major tops usually happen when all those undecideds give up and get long.
Quote from kashirin:
S&P chart clearly shows parabolic right now
I don't know about those surveys but parabolic means parabolic
you just have to wait it out . it's like silver last year
I won't be surprised to see 2000 by the end of the summer
Quote from brokerboy:
to me that's irrational and makes me think down more than up. i will say i only see the market move up everyday so nothing will shock me anymore. there will be a day the fed has to step in and pull out the money just because it can't have no real decent job growth or business sales growth or economic improvement and have a 2000 s&p. they talk a really good game but this movement up has to be making them nervous. there job is to act confident and in control.
they would love to see 1% a month not 1% in a week every week.
Quote from Maverick74:
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OK, so check this out. SPLV is a low volatility ETF that basically is a basket of the lowest 100 beta stocks in the SP 500. There is one for the highest 100 beta stocks as well. This ETF allows one to get defensive and stay long while lowering their portfolio beta. Nice concept. But look at this baby. This is low beta? LOL. Up almost 20% YTD and outperforming the actual S&P. Bill Gross doesn't understand it either.
Quote from Maverick74:
Everyone seems to fixated on the S&P but no one is talking about the Russell 2k. We are approaching a nice bit fat round number here at 1000. Just one percent away. As good as any other level to watch. Btw, this index bottomed at 339 I believe in 2009. A triple off the lows!
Fwiw, ISEE is on alert today.