Sucker Rally alert

Quote from Compulsive:

Tulip Bulb Mania

Could a mere tulip bulb be worth $76,000? It is if people are willing to pay for it! It may sound preposterous, but this is exactly what happened in Holland in the 1630’s.

The seeds of this craze were planted in 1593. A man by the name of Conrad Guestner imported the first tulip bulb into Holland from Constantinople, in present day Turkey. After a few years, tulip bulbs became a status symbol and a novelty for the rich and famous. Eventually, tulip bulbs became a hot ticket item in neighboring Germany, as well. After some time, a few tulip bulbs contracted a non-harmful plant virus called mosaic. The effects of this mosaic virus were tulip petals with beautiful “flames” of color. This unique effect furthermore increased the value of the already rare and highly exclusive tulip bulb.

Initially, only the true connoisseurs bought tulip bulbs, but the rapidly rising price quickly attracted speculators looking to profit. It didn’t take long before the tulip bulbs were traded on local market exchanges, which were not unlike today’s stock exchanges. By 1634, tulip mania had feverishly spread to the Dutch middle class. Pretty soon everybody was dealing in tulip bulbs, looking to make a quick fortune. The majority of the tulip bulb buyers had no intentions of even planting these bulbs! The name of the game was to buy low and sell high, just like in any other market. The whole Dutch nation was caught in a sweeping mania, as people traded in their land, livestock, farms and life savings all to acquire 1 single tulip bulb!

In less than one month, the price of tulip bulbs went up twenty-fold! To put that into perspective, if you had invested $1,000 and came back on month later, your investment would have ballooned to $20,000! Now you can understand the mad rush to buy tulip bulbs at any cost. Tulip bulb mania affected the public psyche to an extreme. One drunk man in a bar started peeling and eating what he thought was an onion, while it was in fact it was the bar owner's tulip bulb on display. This man was jailed for many months!
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A Random Walk down Wall Street?
 
Quote from AMT4SWA:

Dude.....I am almost tired making money off this market from the SHORT side.....I will gladly take a break for a while just for you! :D
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are you making money now? Dow up 214 and surging. You;re full of it.
 
Stock, seriously man you have no credibility here, everytime the mkt bounces you follow it blindly. Most of the time the mkt sells off at the end of the day and you look like an idiot. You really have to come to the realization that the mkt has changed, there is no bull mkt, we are in a secular bear mkt, and rallies are meant to lighten up. We are not going to start a new upturn that sticks anytime soon. The fact that you think you can belittle people for knowing how to trade both sides is just puzzling. You need to grow up and face the fact that you either need to change the way you look at the mkt, or stfu. Now try and make fun of me.
 
Quote from stock_trad3r:

Tech leading the rally which is a very good sign

http://finance.yahoo.com/q/bc?t=1d&s=XHB&l=on&z=m&q=l&c=qqqq,xlf,

Homebuilders, financials, consumer discretionary, all lagging tech. Tech, which is the strongest sectors outperformed in the 2002 rebound, too.
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Tech is over with, no one is buying plasma tvs, digital cameras home computers at $1000+ a pop and everything tech related, this is a recession, the big piggy banks arent providing the monopoly money needed to fuel this economy as it did for the last decade or so. TECH is done with.
 
Quote from frank grimes:

Most of the time the mkt sells off at the end of the day and you look like an idiot. You really have to come to the realization that the mkt has changed, there is no bull mkt, we are in a secular bear mkt, and rallies are meant to lighten up. We are not going to start a new upturn that sticks anytime soon.
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In the past five days including today there has been one, yes only one, end of day selloff which was yesterday. The rest have been end of day rallies.

I have a longer term outlook. I am as bullish now as I was when the dow was at 14,000, which is a very unpopular opinion. This is just a shake out. In a year from now when the dow is between 13,000 and 14,000 more people will come to the realization that maybe all this crisis and recession talk was overblown. This is not Japan. This is not Germany.
 
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