Talking about a "Sucker's Rally"

[oktiri]

Quote from makloda:

You sir, are wrong. News come out after major tops and major bottoms, not before. What was the news at the test of the bottom in Dec. of 1974?

The recession didn't end until 1975. Unemployment peaked at almost 9% in the summer of 1975.

so the recession is over ? HAHAHAHAHA

 

[GTS]

Quote from southamerica:
SouthAmerica: Credit card companies are cutting the available credit card lines of credit even to their best customers.

GTS: None of my credit lines have been reduced/canceled. In fact Amex increased my credit line a couple months ago unsolicited. I guess I must be special.

Quote from southamerica:
Everybody that I talk to are cutting their expenditures as much as they can.

I'm spending as much as I always do and I'm looking forward to shopping the predicted bargains this Christmas caused by folks who apparently weren't prepared for this downturn - folks like you.

Maybe you need to find new friends? Sounds like you hang around with a lot of losers.

 

[makloda]

Quote from oktiri:so the recession is over ? HAHAHAHAHA

You moron don't get it. Did you look at the example from 1974 at all? The SP500 rallied 45% 8 months before the recession was over. In fact, it bottomed before the economy bottomed.

WELCOME TO THE STOCK MARKET, PIKER!

You don't need a recession to be officially over for price to make a 20, 30 or 40% move from the lows.

Even if the SP500 rallies an incredible 50% from its 52w intraday lows that would just move it back to its 200 day moving average around 1250. We'd still be in a technical downtrend.

 

[oktiri]

Quote from makloda:

You moron don't get it. Did you look at the example from 1974 at all? The SP500 rallied 45% 8 months before the recession was over. In fact, it bottomed before the economy bottomed.

WELCOME TO THE STOCK MARKET, PIKER!

You don't need a recession to be officially over for price to make a 20, 30 or 40% move from the lows.

Even if the SP500 rallies an incredible 50% from its 52w intraday lows that would just move it back to its 200 day moving average around 1250. We'd still be in a technical downtrend.

retard, we're probably 1 MONTH into a multi-year recession, I KNOW the stock market always looks ahead, are you telling me that this is the end of the bear ? and today was in fact the beg of a new bull....
Go fuck yourself, you don't know what you're talknig about.
I was looking for an explanation for Today's rally...not you lecturing me about how the maret bottoms a few month before the real economoy, we know that...and we're YEARS aways from recovery

 

[einai]

Quote from makloda:

You moron don't get it. Did you look at the example from 1974 at all? The SP500 rallied 45% 8 months before the recession was over. In fact, it bottomed before the economy bottomed.

I think the correct comparison would be 1929. Then it took 2 years to reach the bottom.

You have to be pretty deluded to think this is a "recession". The US economy is about to be deep-fried. GM is about to go bankrupt.

I worked on the Street at BSC in 1987. That was nothing compared to this.

D

 

[stock_trad3r]

Quote from einai:



You have to be pretty deluded to think this is a "recession". The US economy is about to be deep-fried. GM is about to go bankrupt.

I worked on the Street at BSC in 1987. That was nothing compared to this.

D

And thats probably why you got fired. You're an idiot.

 

[makloda]

Quote from oktiri:retard, we're probably 1 MONTH into a multi-year recession, I KNOW the stock market always looks ahead, are you telling me that this is the end of the bear ? and today was in fact the beg of a new bull....

You're an amateur trying to rationalize why the market moved the way it did, nothing else. Did I say this is a brand new huge bull market? No. I said you can't rule out the possibility of a big move here.

What you clown said that BECAUSE THIS IS A HUGE RECESSION there is simply no way we can rally 20%, 30% or 40% from here.

Why don't you sell Jan 09 ES 1000 calls short. In size. Go sell 10,000. Post a screenshot.

After all this is a multi year recession right? A rally is impossible!!!!!!!!!!!!!

 

[oktiri]

Quote from makloda:

You're an amateur trying to rationalize why the market moved the way it did, nothing else. Did I say this is a brand new huge bull market? No. I said you can't rule out the possibility of a big move here.

What you clown said that BECAUSE THIS IS A HUGE RECESSION there is simply no way we can rally 20%, 30% or 40% from here.

Why don't you sell Jan 09 ES 1000 calls short. In size. Go sell 10,000. Post a screenshot.

After all this is a multi year recession right? A rally is impossible!!!!!!!!!!!!!

a 40 % raly in the middle of a recession. If you find ONE historical precedent, please show me.

This is a bear rally, with no future.... I still wanted to dig for hidden news. rumors...

 

[makloda]

Quote from oktiri:a 40 % raly in the middle of a recession. If you find ONE historical precedent, please show me

1974! See above. Reading comprehension?

 

[jprad]

Quote from makloda:

You sir, are wrong. News come out after major tops and major bottoms, not before. What was the news at the test of the bottom in Dec. of 1974?

One day doesn't make a trend.

Confirmation didn't happen until 2/75 when it took out the 11/74 high.

Don't you think it's prudent to wait and see how the markets digest Obama's first 100 days in office?