Suckers Rally

Quote from stktrdr:

.

Let's see... I have been called gerbil, baffoon, monkeyboy, hairdresser and now imbecile.


How 'bout piker?

Wall Street's function is distribution of paper. Gotta "get it done" before summer.

After months of the # new lows remaining below 50, that changed April 7th.

Bonds lead stocks. Oh...........by six months at best. Yield on the 30 year broke out early March. Keep in mind the 30 was abandoned in 2001 and resurrected this year. Hmmmm, just in time to coincide with the disappearance of M3

Growth in earnings is like pole vaulting, You're at 21 feet 7 inches. They've peaked in nominal terms. Never mind the "benign" inflation.. Aggregate incremental gains from here will be minicscule at best.

Record crude, which impacts EVERYTHING coupled with 15 consecutive hikes in the short end of the curve are two extra "taxes" on business.

Equity market has seasonal tendencies. You're approaching the dull season. Time for the Hamptons.

Average bull leg in the 20th century was 731 days, This one's 300 days beyond that norm. That is, unless you count from the October 2002 lows. Then add another 140 days.

The S&P has been in a ho hum rising wedge since 2004. You've had NO daily moves beyond 3% since when? VIX won't remain stagnant forever.


I could go on, but I've made my point.


YEP,.......................... SUCKER'S RALLY
More...
 
thank you efficiency.

you summarized beautifully why the rally will continue. and then you contradict yourself by calling it a suckers rally!

perhaps i have misunderstood the term "suckers rally"?

ah! I know. It must mean a rally due to suckers covering their short positions.

Now it all makes sense.:D
 
I agree..

And how about those S&P tails ? I bet today's close will be the high of the next three months.


Quote from efficiency:

Quote from stktrdr:

.

Let's see... I have been called gerbil, baffoon, monkeyboy, hairdresser and now imbecile.


How 'bout piker?

Wall Street's function is distribution of paper. Gotta "get it done" before summer.

After months of the # new lows remaining below 50, that changed April 7th.

Bonds lead stocks. Oh...........by six months at best. Yield on the 30 year broke out early March. Keep in mind the 30 was abandoned in 2001 and resurrected this year. Hmmmm, just in time to coincide with the disappearance of M3

Growth in earnings is like pole vaulting, You're at 21 feet 7 inches. They've peaked in nominal terms. Never mind the "benign" inflation.. Aggregate incremental gains from here will be minicscule at best.

Record crude, which impacts EVERYTHING coupled with 15 consecutive hikes in the short end of the curve are two extra "taxes" on business.

Equity market has seasonal tendencies. You're approaching the dull season. Time for the Hamptons.

Average bull leg in the 20th century was 731 days, This one's 300 days beyond that norm. That is, unless you count from the October 2002 lows. Then add another 140 days.

The S&P has been in a ho hum rising wedge since 2004. You've had NO daily moves beyond 3% since when? VIX won't remain stagnant forever.


I could go on, but I've made my point.


YEP,.......................... SUCKER'S RALLY
More...
More...
 
I didn't say I didn't have long positions. Actutally about a dozen. Each with adegquate insider ownerhip, and.............NONE of them are in la la land. That's where my shorts are.
 
I bet you bears have some serious wood as we selloff here....

You need to realize that until small and mid caps break decisively the major indices will NOT correct in a meaningful way!
 
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