Todays massive up move in the market

[bonds]

Quote from tradingjournals:

The only valid answers to a move are before the fact, and not after the fact. So even if someone were to give an answer, then it cannot be the explanatory reason.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=243884

Is this because insiders know the market news in advance of the public?

 

[badvestor]

The market is 1 part coherent logic and 9 parts nonesense. This is the biggest casino. Just because the roulette wheel hit red the last 10 times in a row does not mean it will hit red the next spin.

 

[bonds]

Quote from badvestor:

The market is 1 part coherent logic and 9 parts nonesense. This is the biggest casino. Just because the roulette wheel hit red the last 10 times in a row does not mean it will hit red the next spin.

so i should totally not pay attention to the economy and economic news and instead focus on my lucky coin

 

[toc]

Market is full of sense. The real roulette wheel is in your head, control that wheel and be happy.

 

[toc]

Quote from bonds:

I still dont understand why gold, oil, and other commodities are selling off on the china rate cut and no qe talk from Bernanke yet equities continue to surge.

I guess thats besides the point...

Rate cut means slow down expected hence lesser demand for commodities.

 

[Runningbear]

The odds that Obama will launch QE3 leading up to the election are about 99.9%. What other tools do they have at their disposal to try and win the election?

QE3 will make the market look better than it is. The US public will think that the economy is improving and they will have a chance at re-election.

If you believe anything else, you are very naive.

Runningbear

 

[flipside21]

Quote from bonds:

well that doesnt really justify why they were up so much to begin with but I guess thats the irrational stock market for you

Talk about a delayed reaction. SPX futures now -5.8 pts in after hours.

 

[bonds]

Quote from flipside21:

Talk about a delayed reaction. SPX futures now -5.8 pts in after hours.

Bad economic news out of Japan, Nikkei down over 2.5%

 

[toc]

Quote from Runningbear:

The odds that Obama will launch QE3 leading up to the election are about 99.9%. What other tools do they have at their disposal to try and win the election?

QE3 will make the market look better than it is. The US public will think that the economy is improving and they will have a chance at re-election.

If you believe anything else, you are very naive.

Runningbear

Obama will not win the election, he can try whatever he wants. Economy is not on his side.

 

[bonds]

Quote from toc:

Obama will not win the election, he can try whatever he wants. Economy is not on his side.

Sure it is. Look at the stock market, its surged since he became president, must mean the economy has got so much better.