The S&P has topped !
- Thread starter fly down
- Start date
It was as if I was speaking in a foreign language. I warned you people.
Transports, going HIGHER!! Homebuilders, going HIGHER!! Financials, HIGHER!! Energy, HIGHER! Tech, HIGHER!!! Stop being so damn ignorant! Cover now!
You are being manipulated by people who have missed this rally. You are being manipulated by people who were WRONG. They want everyone to sell so that they can BUY. The trend is UP. You should be LONG.
There are plenty of you guys out their shorting, that is exactly why we have not reached a top. There is still skepticism. The higher we go, the more of you will get SQUEEEZZZEEEDDD, once you're all out with a negative January, THEN you will get your correction. The market is going to take you to your emotional limits. It is going to break you. You are too early.
You CAN do what our resident International DJ is doing. Fade it. Though, be warned, the "correction" we get may not take us low enough for you to make money. I bet we go HIGHER, and when we correct, we come down to our PRESENT levels, or maybe to December highs. You are better off getting LONG. Focus on buying dips rather than shorting. When the VIX gets to 14, maybe then you can be a baller and pick a top.
I posted this the other day, it could have saved you some $$$$$
"
The trend is UP. You should be LONG. The market is going HIGHER. It is January, money is flowing around. All dips will be aggressively bought. Ben is inflating equities. The shorts are going to get squeeeezzeeedddd.
If we were going to have your massive correction, it would have happened already. Dips are being aggressively bought. Ben is inflating equities. You should be LONG. The market is going HIGHER.
Money is flowing INTO the markets.
Money is flowing INTO the financials.
Even the homebuilders are holding up.
Tech is strong.
Apple is strong.
Demand remains for commodities.
Transports, holding up.
The only possible correction will be in precious metals. If they continue to sell off, that money will have to go.... somewhere..... into.... the stock market!
Tell me, why are we going to correct? What is the catalyst? People are buying protection, not selling.
Earnings? Dips will be bought, aggressively.
Post your net short position please! Let's see how convicted you are.
Doug Kass said we topped in December. Everyone expected a January sell off. Still waiting...
Where is the fear? I don't see it in the price action. I see money, flowing around.
The trend is UP.
"
Transports, going HIGHER!! Homebuilders, going HIGHER!! Financials, HIGHER!! Energy, HIGHER! Tech, HIGHER!!! Stop being so damn ignorant! Cover now!
You are being manipulated by people who have missed this rally. You are being manipulated by people who were WRONG. They want everyone to sell so that they can BUY. The trend is UP. You should be LONG.
There are plenty of you guys out their shorting, that is exactly why we have not reached a top. There is still skepticism. The higher we go, the more of you will get SQUEEEZZZEEEDDD, once you're all out with a negative January, THEN you will get your correction. The market is going to take you to your emotional limits. It is going to break you. You are too early.
You CAN do what our resident International DJ is doing. Fade it. Though, be warned, the "correction" we get may not take us low enough for you to make money. I bet we go HIGHER, and when we correct, we come down to our PRESENT levels, or maybe to December highs. You are better off getting LONG. Focus on buying dips rather than shorting. When the VIX gets to 14, maybe then you can be a baller and pick a top.
I posted this the other day, it could have saved you some $$$$$
"
The trend is UP. You should be LONG. The market is going HIGHER. It is January, money is flowing around. All dips will be aggressively bought. Ben is inflating equities. The shorts are going to get squeeeezzeeedddd.
If we were going to have your massive correction, it would have happened already. Dips are being aggressively bought. Ben is inflating equities. You should be LONG. The market is going HIGHER.
Money is flowing INTO the markets.
Money is flowing INTO the financials.
Even the homebuilders are holding up.
Tech is strong.
Apple is strong.
Demand remains for commodities.
Transports, holding up.
The only possible correction will be in precious metals. If they continue to sell off, that money will have to go.... somewhere..... into.... the stock market!
Tell me, why are we going to correct? What is the catalyst? People are buying protection, not selling.
Earnings? Dips will be bought, aggressively.
Post your net short position please! Let's see how convicted you are.
Doug Kass said we topped in December. Everyone expected a January sell off. Still waiting...
Where is the fear? I don't see it in the price action. I see money, flowing around.
The trend is UP.
"
[rant]
Well f*ck me I'm a pretty convinced bear but this market has me convinced we are going up now, so at least I stopped picking tops. I'm in Europe by the way so I mainly look at the Euro stuff which does occassionally go down also thankfully. For a trader the SPX is unbearable anyway(pun intended). No fun to be had. It looks weird, too.
I've been getting increasingly agitated with the market - YOU'RE GOING THE WRONG WAY!-style - and I'm still convinced the market is going the wrong way and we will see SPX 700 or (and I'll be really bold here) zero sometime in the next ten or twenty (for the 2nd prediction) years. The problem is there is no way to know how long until reality is accepted.
I've shorted the market a number of times the past week and every time it has been nerve wrecking. The poster above me is right. The market is going to drive all the bears to the brink of insanity.
Also the part which worries me most is that real bubbles tend to speed up and get really ridiculous nearing their top. It's not even at "omg this is fucking insane"-proportions yet. It's just going up slowly and steadily. So slowly, that there must still be enough bears to keep it from really going wild. No bears = 2% a day glory
There doesn't seem to be a single real non-government (or Wall Street payrolled) economist who really thinks the economy is sound, there is a lot of inflationary risk and thus the two and all possible sound reasons for a stock market going up have been eliminated. However this reminds me when I was taking economy classes in 2005-2007 and my teacher was saying in 2005 already that the US was unsound and heading for a financial collapse. It was totally obvious then too! If I'd been a trader back then and I'd sold and held for a few years it would've turned out smashing but it's not my timeframe.
My advice to every trader who is as frustrated as I am is to either stop trading until you see the market doing what you expect it to do or to stop telling the market what to do, cos it aint gonna listen.
Conclusion; making money is fun, losing money is not. Being right doesn't matter.
My trader instinct has been shouting at me to buy the dips, but I go against it and short the tops (and then they usually are tops for an hour but I don't take profits quickly because I want to catch the beginning of the inevitable bear market). I'm guessing more people have the same disease around here, but I hope I've finally cured myself. Picking long-term tops and bottoms is for idiots anyway.
Anyway, fuck it, I'd lost all hope in the sanity of humanity and the monetary policy/financial market anyway, so I don't know why I am surprised at the stupid ppl buying into the market (and don't say it's the FED because it is not. FED printed not nearly enough $$$ to make the market go up this much. It's you guys, you're the idiots buying this market. It totally is a self-fulfilling prophecy).
[/rant]
Well f*ck me I'm a pretty convinced bear but this market has me convinced we are going up now, so at least I stopped picking tops. I'm in Europe by the way so I mainly look at the Euro stuff which does occassionally go down also thankfully. For a trader the SPX is unbearable anyway(pun intended). No fun to be had. It looks weird, too.
I've been getting increasingly agitated with the market - YOU'RE GOING THE WRONG WAY!-style - and I'm still convinced the market is going the wrong way and we will see SPX 700 or (and I'll be really bold here) zero sometime in the next ten or twenty (for the 2nd prediction) years. The problem is there is no way to know how long until reality is accepted.
I've shorted the market a number of times the past week and every time it has been nerve wrecking. The poster above me is right. The market is going to drive all the bears to the brink of insanity.
Also the part which worries me most is that real bubbles tend to speed up and get really ridiculous nearing their top. It's not even at "omg this is fucking insane"-proportions yet. It's just going up slowly and steadily. So slowly, that there must still be enough bears to keep it from really going wild. No bears = 2% a day glory
There doesn't seem to be a single real non-government (or Wall Street payrolled) economist who really thinks the economy is sound, there is a lot of inflationary risk and thus the two and all possible sound reasons for a stock market going up have been eliminated. However this reminds me when I was taking economy classes in 2005-2007 and my teacher was saying in 2005 already that the US was unsound and heading for a financial collapse. It was totally obvious then too! If I'd been a trader back then and I'd sold and held for a few years it would've turned out smashing but it's not my timeframe.
My advice to every trader who is as frustrated as I am is to either stop trading until you see the market doing what you expect it to do or to stop telling the market what to do, cos it aint gonna listen.
Conclusion; making money is fun, losing money is not. Being right doesn't matter.
My trader instinct has been shouting at me to buy the dips, but I go against it and short the tops (and then they usually are tops for an hour but I don't take profits quickly because I want to catch the beginning of the inevitable bear market). I'm guessing more people have the same disease around here, but I hope I've finally cured myself. Picking long-term tops and bottoms is for idiots anyway.
Anyway, fuck it, I'd lost all hope in the sanity of humanity and the monetary policy/financial market anyway, so I don't know why I am surprised at the stupid ppl buying into the market (and don't say it's the FED because it is not. FED printed not nearly enough $$$ to make the market go up this much. It's you guys, you're the idiots buying this market. It totally is a self-fulfilling prophecy).
[/rant]
No one knew where the bottom was and no one will know where the top will be.
It doesn't take long for a trend to stop and move in the other direction. Everyone thought that when the dow dipped 1000 points from all time highs in 2007 that it was a buying opportunity then again at 12,500 again at 12,000 and again under 10k until the market completely fell apart and no one knew when the bottom was coming, same will be for the top of the market, no one has a damn clue where the top is, but everyone should understand and not be foolish and remember there WILL be a top and there WILL be a correction of 20% or more. I am tired of the bulls thinking this rally can go on for another decade, this isn't the case. The only reason for this 100%+ rally in the market over the last 2 years is because of the stimulus put forward by Bubble ben bernanke and friends, strip that out and the DOW wouldn't be anywhere near 8000. Why the bulls cannot admit its stimulus and easy money policies driving this market higher is beyond me. You have to be a complete idiot to think other wise, there isn't any growth left in this economy, why do you think Bubble ben bernanke keeps throwing QEs at the market, because the economy cant stand on its own. Come back and state your case bulls about how the economy is growing on its own because it surely isn't!!!!
It doesn't take long for a trend to stop and move in the other direction. Everyone thought that when the dow dipped 1000 points from all time highs in 2007 that it was a buying opportunity then again at 12,500 again at 12,000 and again under 10k until the market completely fell apart and no one knew when the bottom was coming, same will be for the top of the market, no one has a damn clue where the top is, but everyone should understand and not be foolish and remember there WILL be a top and there WILL be a correction of 20% or more. I am tired of the bulls thinking this rally can go on for another decade, this isn't the case. The only reason for this 100%+ rally in the market over the last 2 years is because of the stimulus put forward by Bubble ben bernanke and friends, strip that out and the DOW wouldn't be anywhere near 8000. Why the bulls cannot admit its stimulus and easy money policies driving this market higher is beyond me. You have to be a complete idiot to think other wise, there isn't any growth left in this economy, why do you think Bubble ben bernanke keeps throwing QEs at the market, because the economy cant stand on its own. Come back and state your case bulls about how the economy is growing on its own because it surely isn't!!!!
As long as flydownrubberbirdthornghostzapperbobrowshanjamesstock is calling failed top after failed top then then there is no way in hell the market will go down.
flydownrubberbirdthornghostzapperbobrowshanjamesstock IS THE BEST DAMN FADE ON ET!!!!!!!!!
flydownrubberbirdthornghostzapperbobrowshanjamesstock IS THE BEST DAMN FADE ON ET!!!!!!!!!