The bull Market is back and here is why

Congoboy,

You are a contrarian indicator.

I myself was debating whether or not to shift my bias and reel in on the shortside here. But your argument caught my attention.

Bottoms are formed on the basis of an equity transfer from weak to strong hands as uncertainty escalates into full-blown fear. This is necessary because a market owned with conviction blows out the opposite side of the trade by failing to falter on the next troubling event to come. That reverses the trend.

I thought that shift may have happened Monday. But the lack of volume and capitulation selling troubled me. Reading your post, I know why. There could not be weaker hands than yours. This market is probably filling up with similar lotto players. What do you suppose will happen if we retest Monday's lows? Your fate will be in the hands of a crowd of frightened, over-leveraged, low-conviction risk-takers, and we will finally get that capitulation sell-off.
 
Quote from EMRGLOBAL:

Scream higher and Higher the market will!

young jedi, will is the way.

Crash market does not, during a downturn.

Ahhh,

Eyes on Market one should be, use the force.

The dark side is strong, young jedi.
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Try
There is no try
There is only do
or not do
 
The market has gone up because I was expecting a big break down over the past week.

I'm expecting to get to S&P 1400 now, so if you're smart you should bet on the dow dropping 600 points tomorrow. I'll let ya'll know when I open my long position, so you'll know when to go short.
 
Quote from congoboy:

I am going all in. I have already opened several credit cards and got maximum cash out of them. that is about 25k. I also met a loan shark who was willing to levereage that cash 5:1 with a 45%interest rate. I put about 140k into an account and will lever it 4:1 from my broker. tomorrow I will open long positions and go all out. all equities should be worth over 540k tomorrow. If I am right, I will become rich, if I am wrong, I will perish. I strongly believe the market is still good.

1. Broad based indeces are down only 11% from highs. That does not qualify the market to be bearish. We move 3-4% on some days.

2. The fed is repeatedly doing everything it can to prevent disaster. Money is available cheap now and that is what companies want. They would jump on cheap cash to use for expansion.

3. I agree the market sentiment is bad right now considering BSC and all. But one company is nothing compared to the grand scheme of things.

4. Jobless claims should fall with more companies willing to do some more hiring.

5. Historically, stimulus packages have helped the economy, so will the checks we recieve in May.

6. People will also be borrowing money since it is cheap and start pumping the equity market. Foreigners will do that too.

7. Companies have stabilized in the past 40-50days since those Jan lows. It just refuses to fall.

8. Stocks never shoot up in a straight line. There is always some sort of a correction. This is nothing but a mere corrections. thats exactly what it is, 10-15% correction.

9. Oil prices will come crashing down. I expect somewhere in the range of 60-70. How soon? I dont know. But within a few months perhaps. The current rising prices are not sustianable by the middle and lower middle class(majority of this country). The prices right now are too inflated and geopolitical conditions with Ven. shoudl get better. But if Obama or Hillary wins and pull out of Iraq, there could be some problem as America is in Iraq solely for the oil.

10. Because congoboy said so.

If I am wrong, I will go back to mbotukinshasa or wtv the fuck it is. If I am right, well, if I am some people I know will be very impressed with my abilities and would want me to manage their money.
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Anyone remember when there were actually a few Elite Traders on this site? :( :mad: :confused:
 
Consider this. The fed is not a bottomless pit. I read somewhere that after last Sunday the total funds injected into the US economy by the fed is over half what they have available to them. I can't remember the exact figures but I think they've pumped in a bit over $500 billion to date, and that they have somewhere between $450-$500 billion remaining. I'm no economist but that doesn't sound like a sure footing.
 
Quote from Cherrypicker:

Consider this. The fed is not a bottomless pit. I read somewhere that after last Sunday the total funds injected into the US economy by the fed is over half what they have available to them. I can't remember the exact figures but I think they've pumped in a bit over $500 billion to date, and that they have somewhere between $450-$500 billion remaining. I'm no economist but that doesn't sound like a sure footing.
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That's the best post of this thread! This market is heading down. This rocket shot today has got sell all over it. I am waiting a day or two more then I am shorting.

Americans/Media/Government are all in denial. The Fed is absolutely disolving the dollar without anyone saying boo. Bandaids on a major hemorage. Nobody is buying TBills, last auction foreign participation was 6%!! down from 25% what does that say. Greenspan (who since he's out of the game I believe slightly more) was just quoted as saying this recession will be the worst since WWII. Wow!! Bernake is a no nothing idiot spending (debting) like it's monopoly money. US is going the way of Japan in the 90's no two ways about it.

Why can't they just let the market crash? They are just prolonging the inevitable. The market and Americans need a crash, it's healthy for everyone in the long run, like it or not.

I cannot believe the amount of idiots claiming this is 'the new bull market' on this forum. We just finished a multiyear bull market. $1000+ gold, $110 oil, yea were starting a new bull market in equities, sure! Go watch some more Britney gossip you know nothing morons!
 
As long as people are picking the bottom, THE BOTTOM IS NOT IN.

Watch for a reversal in the next few days and a possible run up to test the 1400-1430 SPX in the the next few weeks/months.

The Bushites will try to keep it from crashing until the elections. Whoever is elected is going to have a nice sh*t sandwich for starters.

Quote from zman7854:

That's the best post of this thread! This market is heading down. This rocket shot today has got sell all over it. I am waiting a day or two more then I am shorting.

Americans/Media/Government are all in denial. The Fed is absolutely disolving the dollar without anyone saying boo. Bandaids on a major hemorage. Nobody is buying TBills, last auction foreign participation was 6%!! down from 25% what does that say. Greenspan (who since he's out of the game I believe slightly more) was just quoted as saying this recession will be the worst since WWII. Wow!! Bernake is a no nothing idiot spending (debting) like it's monopoly money. US is going the way of Japan in the 90's no two ways about it.

Why can't they just let the market crash? They are just prolonging the inevitable. The market and Americans need a crash, it's healthy for everyone in the long run, like it or not.

I cannot believe the amount of idiots claiming this is 'the new bull market' on this forum. We just finished a multiyear bull market. $1000+ gold, $110 oil, yea were starting a new bull market in equities, sure! Go watch some more Britney gossip you know nothing morons!
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The Fed actually has a balance sheet and they have used half of their reserves according to the media.

As predicted the TAF 28 day AAA bailout has now been abandoned and the next step is for the Fed to buy mortgage tranches.

I'm sure China, Japan and the Euros are watching all this with very mixed emotions.

Quote from Cherrypicker:

Consider this. The fed is not a bottomless pit. I read somewhere that after last Sunday the total funds injected into the US economy by the fed is over half what they have available to them. I can't remember the exact figures but I think they've pumped in a bit over $500 billion to date, and that they have somewhere between $450-$500 billion remaining. I'm no economist but that doesn't sound like a sure footing.
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