Weekly Poll: Blow-Off Top Then Crash Or Crash Right Away?

[S2007S]

fed minutes should move the market somewhat in the next 3 mins.

 

[S2007S]

and up we go!!!

Nasdaq nearing intraday highs led by no other company but AAPL.

 

[Tsing Tao]

Quote from shortie:

not many mention Fed minutes later today. i interpret this as no significant development is expected.

minutes released and the market is like "wow! QE2? Holy crap thats awesome!"

lol....hilarious!

 

[PaulRon]

i vote blowoff, only cause i think it just happened

 

[MKTrader]

Quote from Tsing Tao:

minutes released and the market is like "wow! QE2? Holy crap thats awesome!"

lol....hilarious!

And it's going back down...at least for the moment.

It sometimes takes a couple of days for the markets to sort out Fed statements and give their ultimate thumbs up or thumbs down. Be patient.

 

[PaulRon]

Quote from PaulRon:

i vote blowoff, only cause i think it just happened

and... no

 

[failed_trad3r]

GUESS WHERE WE ARE 1150

GUESS WHAT THE BOTTOM WAS 670

GUESS WHAT

We HAVE BEEN IN A BULL MARKET EVER SINCE 670

READ THE DAMN CHARTS!

STOP CALLING FOR A CRASH

 

[shortie]

Quote from shortie:

some random important stocks that are weak. i am sure you can easily find more. i did not look very hard for these.

INTC is one of the stocks above. it reported good earnings today and is climbing up to ~$20/shr

guess what? it traded at this level one year ago! i insist that the recent market run-up is happening on fumes.

 

[shortie]

are bulls turning into greedy pigs? time will tell...

 

[Nine_Ender]

Quote from shortie:

INTC is one of the stocks above. it reported good earnings today and is climbing up to ~$20/shr

guess what? it traded at this level one year ago! i insist that the recent market run-up is happening on fumes.

Your post is illogical you are making a good point for the markets to go higher and we all know that's not what YOU think is the conclusion.
Given their results, what is fair market value for Intel, and what will they do with all that cash ? I can't see any of this being bad for the market at all.

The real reason for the market run-up ( which btw is only 10% and ytd we are up I believe only 5% ) are decent to strong earnings, increased m&a activity, and commodity value/demand. I rarely see any of you permabears talk about these topics, you are obsessed with such a tiny part of the whole equation.

If we are to believe all the crap on here, you'd think the market was a run away train like the Nasdaq was in the late 1990s. Its not, we've been range bound the entire year. And even the slightest hint of a bull move seems to put you and several others on here into a frenzied panic.

ps I'm not a bull or a bear on the current US market. I trade what I see.