We have topped!

[S2007S]

Wow wow wow...

Just like the Nasdaq, only a few stocks have contributed to about 1/2 the gains this past month in the dows 1200 point rally..... Seems like only a handful of stocks in the Nasdaq and Dow are keeping these markets afloat... Without these stocks contributing markets would be down in the year!

• • Just three stocks are responsible for almost half of the Dow’s huge one-month rally
    Alex Rosenberg | @AcesRose
    1 Hour AgoCNBC.com
    [paste:font size="3"]Dow Jones Industrial average has gained about 1,200 points over the past month. And interestingly, nearly half of that advance has been produced by just three stocks.
    
    Leading the field by a wide margin is Goldman Sachs: That stock's 26.5 percent rally over the past month has added about 320 points to the Dow. In second place is UnitedHealth, which is up about 15.7 percent, and has consequently tacked about 150 points onto the 30-stock index. Finally, Caterpillar's 17.3 percent run had added about 95 points, just ahead ofJPMorgan's 90-odd point contribution.
    

 

[algofy]

I was right! Nope! No system or newsletter to sell ya. Its common sense. Down we go!

Interesting, why continue this obvious troll thread top? Can somebody tell this guys he's right and get him a cookie and a juice box???

 

[Buy1Sell2]

Interesting, why continue this obvious troll thread top? Can somebody tell this guys he's right and get him a cookie and a juice box???

Because the bird is always entertaining with his wrong calls

 

[S2007S]

This is hilarious.... This guy said that Trump would cause a global depression but now thinks differently saying he is encouraged by Trump and his new team...so this guy changes his tune as if now there will never be a global depression probably based on the fact the markets rallied consistently since he has won the election...... Funny how everyone was NEGATIVE against him winning and now everyone is changing their tune on him being the best and brightest president in US history... Hahahaha...

He's not even in the house yet and everyone is cheering him on yet just 2 months ago everyone was bad mouthing him....and who is to say there won't be a global depression, we have no idea where this new president is taking this economy but it seems everyone is pretending now to like every one of Trump's moves....hahah


After saying Trump would cause a 'global depression,' billionaire hedge funder cozies up to Trump
Scott Wapner | @ScottWapnercnbc
1 Hour AgoCNBC.com

David A. Grogan | CNBC
Paul Singer speaking at Delivering Alpha 2015 in New York.
Hedge funder manager Paul Singer, once one of Donald Trump's harshest critics, is making up with the president-elect.

Singer attended a fundraising breakfast that Trump held Wednesday at Cipriani in New York, CNBC has learned.

The two are mending fences so thoroughly that sources say Singer is giving a substantial amount of money to Trump's inauguration next month.

The Elliott Management founder was a noted critic of Trump and told a conference last summer in Aspen that Trump's policies, if he stuck to them, were — "close to a guarantee of a global depression, widespread global depression."

Sources told CNBC that Singer and Trump have been in touch since the election and that Singer is encouraged by the team Trump is putting together. He is also enticed by the opportunity to get things done on the economic front with Trump in the White House and Republicans controlling Congress, sources said.

 

[S2007S]

Whats taking so long for Dow 20000?

Should have been here this week.... Guess will just have to wait until the Santa clause rally to get there.....next week fed raises rates and that should now boost stocks since raising rates has now become an EXTREME positive.... By the time rates get to 2% the Dow should be at 25,000.... Rates at 3% count on dow 28000 and by the time rates get to 5% the Dow should be at 33000+

 

[noddyboy]

Whats taking so long for Dow 20000?

Should have been here this week.... Guess will just have to wait until the Santa clause rally to get there.....next week fed raises rates and that should now boost stocks since raising rates has now become an EXTREME positive.... By the time rates get to 2% the Dow should be at 25,000.... Rates at 3% count on dow 28000 and by the time rates get to 5% the Dow should be at 33000+

Be patient. Good thing you got the SOXL.

 

[S2007S]

Be patient. Good thing you got the SOXL.

Yea...I'm up on that ...thinking of selling above $55

Just sold the last of my XIV at $46.75...

Now my portfolio is sitting on just short positions... Have raised enough cash to now sit on the sidelines and wait for a 10-20%+ dip to go long, until then not touching these markets...everything is overbought.

 

[CyJackX]

Yea...I'm up on that ...thinking of selling above $55

Just sold the last of my XIV at $46.75...

Now my portfolio is sitting on just short positions... Have raised enough cash to now sit on the sidelines and wait for a 10-20%+ dip to go long, until then not touching these markets...everything is overbought.

What's your timeline estimate?

 

[noddyboy]

Yea...I'm up on that ...thinking of selling above $55

Just sold the last of my XIV at $46.75...

Now my portfolio is sitting on just short positions... Have raised enough cash to now sit on the sidelines and wait for a 10-20%+ dip to go long, until then not touching these markets...everything is overbought.

I can't predict XIV but rally seems related to bears throwing in the towel right now.

 

[eganon69]

You guys sound like AssHat. Why fight the tape?

This thread was started when the S&P was 2180 and now we are 3% higher and closing at the TOP of the days range at NEW ALL TIME HIGHS and you guys INSIST this is overbought, this will tank any day now. Maybe it's time to rethink your strategy going forward.