The money has to go somewhere, no?
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Someone give me a VALID reason that the market should go down?
- Thread starter hairdresser
- Start date
The money has to go somewhere, no?
Quote from Angrycat:
Because:
Things aren't 40% better than they were on March 9th.
Much of the rally was on better than expected earnings. However, the better than expected earnings resulted from cost cutting on <i>lower revenue</i>. Companies won't be able to continue to cut costs, so future earnings are going down as well.
Much of the rally is probably dumb money coming back in. Dumb money tends to bail toward the bottom of large slides like the one in February and come back after a significant run up just in time to buy at the top. When the dumb money is finished flowing in, the bids will disappear. Note the flight from treasuries at the same time.
There is renewed "confidence" (for dumb money) from further restrictions on short selling. An inability to sell short contributes significantly to asset bubbles.
This rally is happening on very low volume and concentrated in relatively few stocks.
Finally, let's remember that the Nikkei had the same run-ups during Japan's prolonged recession. Some better-than-doomsday economic number or "stimulus" would come out and drive the Nikkei up 40% over a period of a couple of months and then it would just sink back down again. If we're lucky, we'll get Japan. If we're not lucky, we'll end up like Japan where the overhang was so large that no amount of money printing could soak it up. If we're unlucky, with Fed printing money at warp speed, we'll end up like Zimbabwe. But either way, the market isn't going straight up to where it was before and staying there.
Ha... better than expected earnings. I plan on not trading Monday.. My expectations are 0 dollars in income. If i trade on tuesday. and make $100... my stock should go up huge.
THESE COMPANIES HAVE NO GROWTH... just lowered expectations.
And?
Quote from hairdresser:
The money has to go somewhere, no?
THE BANKS ARE STILL NOT LENDING. Thats why consumer credit dropped by a record in march. The Greatly "LOWERED" expectations were for a drop by 4 Billion... it was $11 BILLION!!! why the market didn't drop 500 points yesterday... is utterly preposterous.
Consumer lending is down because consumers are finally not using their credit cards every minute of the day.
From a purely technical point, since March 18th we started to create a short term top. Whether the short term top progresses into a long term top is a guess at best but a top is a top.
The current longer term range of this ES top is 929.50 & 898.00. The closer range is 923.75 & 909.75.
If 923.75 breaches and then 929.50 . . . we go higher. If it doesn't hold and 909.75 and 898.00 Breaches . . . we go lower.
Someone said . . . trade price. That is the key. Read price direction and strength as it oscillates inside the longer term and shorter term ranges and deposit the profits.
The current longer term range of this ES top is 929.50 & 898.00. The closer range is 923.75 & 909.75.
If 923.75 breaches and then 929.50 . . . we go higher. If it doesn't hold and 909.75 and 898.00 Breaches . . . we go lower.
Someone said . . . trade price. That is the key. Read price direction and strength as it oscillates inside the longer term and shorter term ranges and deposit the profits.
Quote from hairdresser:
Consumer lending is down because consumers are finally not using their credit cards every minute of the day.
Because they have large balances due to crooked bank practices that will take 18 months to fix. 9% to 30% overnight... just because they can???!!! Unreal... Do you not watch CSPAN while you color and tease your hairdo's?
Chuckie Schumer/ Elijah Cummings 2012 ticket!
Quote from ProfLogic:
From a purely technical point, since March 18th we started to create a short term top. Whether the short term top progresses into a long term top is a guess at best but a top is a top.
The current longer term range of this ES top is 929.50 & 898.00. The closer range is 923.75 & 909.75.
If 923.75 breaches and then 929.50 . . . we go higher. If it doesn't hold and 909.75 and 898.00 Breaches . . . we go lower.
Someone said . . . trade price. That is the key. Read price direction and strength as it oscillates inside the longer term and shorter term ranges and deposit the profits.
Thanks for the levels.