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

Quote from sekyst1974:

Your scenario of extreme inflation can never take place and here is why. Lets say you went to the supermarket one day to find that a gallon of Orange Juice is priced at $14 per gallon. What do you do? You dont buy it. Maybe instead you buy Tang or some vitamin C pills, but Orange Juice is off the list.

This causes the Orange Juice makers to lower their price until everyone is buying it at a reasonable rate. Unfortunately, the OJ makers have input costs as well forcing them to cut staff, production and the like.

I cannot picture a period of inflation, but deflation. As prices rise, the consumer will find ways to not buy it and then stores have to cut their prices. Witness Macy's and Kohl's. Walk into any of their stores tommorrow and look at the sales that are taking place. If they were not discounting their merchandise, then no one would come to the store.

Inflation on needed items like gas and oil can take place all day long because you must buy them. However, consumers nowadays have more options in regards. Small 4 cylinder cars like the civic which get mpg in the 30s all day long or hybrids which get in the 40s all day long.
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Stock_trad3r, you have no understanding of price elasticity of demand. Didn't your community college have an econ 101 course?
 
Quote from option_trad3r:

shortsellers are being killed left and right!! Booyah to the Obama rally!!!:D
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I think it depends on risk and money management. For shorter timeframes we will see some nice pullback chances for shorties. On the long run maybe you are right. :)
 
Pullback ?? Not a chance. We're going to skyrocket to a minimum of 13,000 my friend. Everyone's gonna wait for the pullback that will never come.

Here's the trick: Obama wants to save every mom & pop's 401(k) at the expense of the US dollar. So regardless, this market will absolutely rally since printing press is gonna be cranked up even more in 2010 - 2012.

Bernanke will buy more T and increase the available money supply more and more.

NO PULLBACK! YES WE CAN!
 
Tomorrow it's FOMC meeting, buy it in the morning, keep buying don't stop. Buy and hold.

Ben Bernanke will extend QE operation and buy more bonds. GUARANTEED.
 
Ben Bernanke will still purchase bonds and do more QE even if he said he won't. He doesn't give a diddly squat about hard-working Americans who save money. Better take your money out the money market account and put it to work in the stock market or any foreign currencies. Don't wait until further US dollar devaluation.
 
Quote from option_trad3r:

So regardless, this market will absolutely rally since printing press is gonna be cranked up even more in 2010 - 2012.

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The printing press has not been cranked up much more than it has been in the past years. Read up on monetary policy, my friend (before you lose all of your paper trading dollars).
 
Do you have any idea what *debt monetization* is, wannabe retail shortsellers? You're about to get spanked the SEC won't allow any shortselling at all. But it won't matter, you shorts are gonna get crushed as Ben cranks up his printing press and prop up the market even more. S&P 2000 soon.

Quote from short&naked:

The printing press has not been cranked up much more than it has been in the past years. Read up on monetary policy, my friend (before you lose all of your paper trading dollars).
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