VERY bad feeling about today

seems the nasdaq is still running on 2 stocks


GOOGLE and APPLE


I have no clue how high and how far these 2 stocks can run, but you have to understand that the impressive gains are coming from 2 stocks in the NDX 100. Eventually they do get tired.


:eek: :p :eek: :p
 
Quote from S2007S:
corporate profits slowing.
More...
Not sure what information you base your statement on but I tend to stick with the facts:

Third-quarter growth remains strong thus far and has held above double digits for the past week. The median company has reported growth of 11.1%. The surprise ratio is at 2.73:1 and the median surprise is just under 3%. At last report, these three metrics stood at 11.8%, 2.68:1, and 3% respectively. Every sector currently boasts more positive surprises than negatives and the surprise ratio has continued its steady rise over the past week.

From Zacks.com http://www.zacks.com/newsroom/commentary/?id=6247&ref=ZFEED5
 
Quote from S2007S:

seems the nasdaq is still running on 2 stocks


GOOGLE and APPLE


I have no clue how high and how far these 2 stocks can run, but you have to understand that the impressive gains are coming from 2 stocks in the NDX 100. Eventually they do get tired.


:eek: :p :eek: :p
More...

Um but the Dow and Spooz were also up a lot today. RIMM, CISCO, INTEL, DELL, and many other high tech big caps are also moving the markets higher.

This is a repeat of the 1998-2000 rally but without the big selloff or the super high PE ratios or the unprifitable business models.

We're in a second tech boom. There is no denying that.
 
Quote from The Swordsman:

Nice! You made money, despite your horrendous call :D
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if i can make that horrendous call every am and make 80 YM points... color me stupid and im makin another one tomorrow!:)
 
Quote from makloda:

Not sure what information you base your statement on but I tend to stick with the facts:

Third-quarter growth remains strong thus far and has held above double digits for the past week. The median company has reported growth of 11.1%. The surprise ratio is at 2.73:1 and the median surprise is just under 3%. At last report, these three metrics stood at 11.8%, 2.68:1, and 3% respectively. Every sector currently boasts more positive surprises than negatives and the surprise ratio has continued its steady rise over the past week.

From Zacks.com http://www.zacks.com/newsroom/commentary/?id=6247&ref=ZFEED5
More...
If we are talking about facts: http://www2.standardandpoors.com/spf/xls/index/SP500EPSEST.XLS

Zacks uses median earnings when they should use weighted because s&p is weighted index.
 
Quote from YMsystemtrader:

i have that crash feeling even with futures ramping up YM +65

GET OUT!
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OMG!

Is this BlueStreak? Please tell us that is you!!! WE ARE GOING TO BE RICH!!!!

Just kidding.

Good trading to all. :cool:
 
Quote from Wayne Gibbous:

OMG!

Is this BlueStreak? Please tell us that is you!!! WE ARE GOING TO BE RICH!!!!

Just kidding.

Good trading to all. :cool:
More...



where are the haters now? I TOLD YOU i had a BAD Feeling yesterday! maybe you'll listen next time
 
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