Stock Market Never Going Down Again

this is the best market ever. I went long some QLD before and Im already making money. Still have some shorts but entering in long which could mean a market top, my timing is usually off a bit. Looking to sell it at an even 100, thats only 10% higher from where it closed today. This is the 37th record closing high since Oct 2006. This is only going to get better. Merger Monday should give the markets at least a .5% gain.
 
Quote from S2007S:

this is the best market ever. I went long some QLD before and Im already making money. Still have some shorts but entering in long which could mean a market top, my timing is usually off a bit. Looking to sell it at an even 100, thats only 10% higher from where it closed today. This is the 37th record closing high since Oct 2006. This is only going to get better. Merger Monday should give the markets at least a .5% gain.
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.5 will be the gap up, next week Dow may touch 13500.
 
should this concern me or any other investor???

:eek: :confused: :eek: :confused:


Paul Nolte, director of investments with Hinsdale Associates, doesn't especially like what he sees. "The market isn't trading well at all lately," he said "The advance-decline line has been terrible. Volume has been higher on down days, and there's been a persistence of that. At worst, we're setting in a short-term top, so we're going to see the market come down."

Paul Mendelsohn, chief investment strategist with Windham Financial, said that the market is now at an overbought level after another strong week, which has now been on the rise for the fourth week in a row.

"It's a matter of when we pullback and from what point do we start the decline," said Mendelsohn. "The market has been acting so strange. Traders just keep buying, and they have no fear."
 
..."It's a matter of when we pullback and from what point do we start the decline," said Mendelsohn. "The market has been acting so strange. Traders just keep buying, and they have no fear." [/B]
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Clearly, there will be corrections and "dips," but so long as US deficits and BoT problems continue, the dollar will continue its decline. (Hit all time low against the Euro today.) The general trend of DOW will be up. (Months ago I predicted here that DOW would be near 15K at end of 2007.)

Reason is simple: DOW is expressed in dollars, as they lose value, it takes more to buy the value of stocks in the DOW. New DOW highs with new dollar lows is not "strange" - it is logical.

IRS likes this as you pay taxes on "false gains." (nominal, not real value increases)
 
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