SPY, XLF, IYT - charts indicate that the Bottom is IN!

[ba1]

"There is nothing to fear when Bernanke and Geithner stand behind you."

Aren't you even a little worried about the financial equivalent of AIDS?

One might be a little worried by how much of recent years events look like 1929-31 and 1974-1979 such as the Fed/Treasury/govt bailout attempts and easings under Hoover and Carter.

 

[option_trad3r]

Worry about what?

This market is controlled by a whole bunch of quants. Fundamental doesn't even matter in this market.

Don't pay attention to the news!

- Bird flu? Buy.
- Swine flu? Buy even more.
- GM & Chrysler going bankrupt? Very bullish. Buy.
- Tim Geithner admitting he's a crook? Even more bullish, Buy.
- Bernanke indicted? Buy.
- China dumping US dollar? Buy.
- S&P earning falling to $25? Buy.
- Stock P/E at 100? Buy.

BUY BUY BUY.

Tim Geithner, Obama, and Bernanke will restore the economy. Buy.

Quote from ba1:

"There is nothing to fear when Bernanke and Geithner stand behind you."

Aren't you even a little worried about the financial equivalent of AIDS?

One might be a little worried by how much of recent years events look like 1929-31 and 1974-1979 such as the Fed/Treasury/govt bailout attempts and easings under Hoover and Carter.

 

[dearinfinity]

Option:

All that green is just some ripe pastures for the slaughter of some bulls, give it enough time.

 

[option_trad3r]

When you have the Fed printing trillions of dollars out of thin air... you want to be with them. They can print print print longer than you could hold your breath.

Bernanke, Geithner, and Obama are my hero.

Just buy, it's that easy. Free money from the gov't.

Quote from dearinfinity:

Option:

All that green is just some ripe pastures for the slaughter of some bulls, give it enough time.

 

[MrDODGE]

Quote from option_trad3r:

Worry about what?

This market is controlled by a whole bunch of quants. Fundamental doesn't even matter in this market.

Don't pay attention to the news!

- Bird flu? Buy.
- Swine flu? Buy even more.
- GM & Chrysler going bankrupt? Very bullish. Buy.
- Tim Geithner admitting he's a crook? Even more bullish, Buy.
- Bernanke indicted? Buy.
- China dumping US dollar? Buy.
- S&P earning falling to $25? Buy.
- Stock P/E at 100? Buy.

BUY BUY BUY.

Tim Geithner, Obama, and Bernanke will restore the economy. Buy.

The S&P to 2,000 on news that the world is ending!

 

[Daal]

Quote from MrDODGE:

The S&P to 2,000 on news that the world is ending!

Bloomberg headline "US Stocks soar on speculation human population wont go extinct"

 

[option_trad3r]

What did I tell you? Obama keeps printing money here.. stocks will go up even more. Buy GS going to $300 soon, much higher than predicted by Meredith Whitney!

 

[short&naked]

Quote from option_trad3r:

When you have the Fed printing trillions of dollars out of thin air... you want to be with them. They can print print print longer than you could hold your breath.

Bernanke, Geithner, and Obama are my hero.

Just buy, it's that easy. Free money from the gov't.

No it's not that easy and anybody who has any understanding of economics knows this. In fact, if this were the case, the market would have priced in all this "money out of thin air" a long time ago.

This mantra of "printing money out of thin air" gets old and reminds me of the DOTCOM and commodity crazes that left many with empty pockets...

 

[option_trad3r]

See the gap up? Bernanke has the power to print money. Gold should go to at least $9000 soon.

 

[alexgorik]

Option_trad3r, look at your last two posts in this thread, they are contradict each other. Gold and stocks usually trend in opposite, not the same directions, with gold leading stocks. It's total nonsence that gold will go up even to 2k per once anytime soon. I'm not talking about long term(couple of years) trends now. whenever you do your market analysis, you should consider intermarket correlations. there are 2 main factors which affect gold price: dollar trend- which is bullish for a gold atm. And gold's role of a "safe heaven" during period of reccesion. Gold never done well during a market's recovery period. at the end it's even do not pay any dividends. what we are going to see now - investors moving their money out of "safe heaven" and into the stocks. which is obviously bearish for gold. Looking purely at technical analysis we can see gold formed triple top at 1000 range. I would fade a gold's breakout trough this resistance level.