Someone give me a VALID reason that the market should go down?

Quote from bevo96:

This is short sighted, instant result thinking. Do you think this money is free (except for the cost of the paper and ink)?
How long do you think the Fed can continue to keep the yield curve artificially steep and hold down LIBOR so the banks can generate out sized returns to stabilize their balance sheet?


How are you going to be better off with the DOW @ 15,000 when everything in your life cost you 5-10x more than it does now. Look at the dollar as the market rallies...its getting crushed.


From a trading perspective, get balls long by all means...its a rigged game (economic data, earnings) everything is a lie to create confidence. Why would you fade the house edge?

From an overall perspective, purchasing power matters and we are screwing ourselves in the long run for a 5 min romp in the whore house now. We did this in 2002 and you see where it got us after 4 years. The problem is the next popping bubble is ENDGAME.
Given the massive expansion of debt and the Obama budget the US will default if we dont stomach a little pain and get things back on a solid footing.
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Interesting post. I am very much on the same page. How would you trade this though? I get the feeling the debt issue will come in a few years, no?
 
Quote from hairdresser:

I just want real answers from what I can see the market is going up on its own accord. Maybe people think 8K is cheap.
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And just maybe you are yet another ET "prop" poster that gets paid per post to generate web activity for ET and has nothing other than a "paper-trading" account.
 
Quote from hairdresser:

Not just because you want it to or need it to.

But, a real reason that is not priced in now.

Thanks.
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By all historical metrics of past real estate bubbles, this one has not declined anywhere near enough to be close to a bottom. Therefore the banking system and consumer spending are going to get hammered even more in future than they were in 2008/early 09. The market is currently anticipating that the worst is over. So, if the real estate bust continues, the credit crunch will get much worse, and a market that is expecting a bottom & recovery will get completely crushed as the exact opposite happens.

Just as in 2001 the nasdaq thought the tech bust was over, just as in the early 1990s the Nikkei thought the Japan bust was over, just as in 1930 people thought the US stockmarket and business slump was over, so in 2009 people think the credit crunch is coming into its final phase. If instead it is only part way through, then prices are 50-80% overvalued.

In 1930, fair value for the Dow was 30, yet the index was in the 200s. In 2001, fair value for the nasdaq was 1000 yet the index was 3 times that. In 1993, fair value for the Nikkei was about 3000 yet the index was many multiples higher.
 
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.
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Got to love pure Price Action . . .
 
Quote from hairdresser:

It's funny only one real answer,
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The only real question again is when are you free to a do mans cuts haircut with a warm towel shave.

And if I didn't say the last time let me repeat. You appear to be a women. So want I happy ending too.

BTW:Tell me how many "Rose's" you want (better be less than 100 for your slack hole) then I expect Greet too.

PM: me already bitch ...I ain't got all day. Earn your rent ...bitch.
 
hairdresser - what kind of screen name is that, anyways?

I don't mean to get all petty, but wtf?

And if this homo-erotic loser is threatening people via PM, BAN HIS ASS.

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