Weekly Poll: Dow Up 8 Weeks in a Row. Implications for the market?

SPY Next Week?

  • Bullish

    Votes: 16 39.0%

  • Flat

    Votes: 4 9.8%

  • Bearish

    Votes: 18 43.9%

  • I prefer to keep my opinion to myself or don't have one

    Votes: 3 7.3%
  • Total voters
    41
  • Poll closed .
SPY +0.6%, XLE +2%
VIX -5%

no bad news is expected whatsoever.

on the other hand whatever good news/ no news comes out it won't push the market too much higher since there is no anxiety.
 
fed news any minute now!

Not to worry, markets should drift higher after the announcement since nothing will be changed in their statement.
 
NO CHANGE AS USUAL

zero


CONTINUED PURCHASE OF GOV. SECURITIES TO HOLD DOWN RATES


WOW, nothing new as usual

Says Longer inflation expectations have remained stable!!!!! HAHAHAHA


Another Dovish Statement as USUAL!!!!!

Why scare the markets after such a huge rally...

BUBBLE ben bernanke knows how to keep a market rally intact.

Markets higher since the statement.

DOW up 35
NASDAQ up 23
SPX up 7
 
Mike Holland on bloomberg radio this afternoon said to thank bernanke (BUBBLE ben bernanke) for the last 2000 point rally in the DOW since August 2010.

:p :p :p :p :p
 
"There are very few other times in U.S. stock market history during which the Dow has risen so far in so short a time. Since the Great Depression, in fact, there has been only one other occasion when the Dow — in an interval of 23 months — performed better than it has since the March 2009 low.

That was during 1986 and 1987, the period leading up to the August 1987 stock market high.

That is a parallel that older investors will very well want to forget, of course. Within two months of Wall Street’s August 1987 peak, the stock market suffered its worst crash in U.S. history — with the Dow losing nearly 23% in a single session. "
http://www.marketwatch.com/story/pu...rical-context-2011-01-26?reflink=MW_news_stmp

Note to self: the history never repeats itself exactly the same way. this time we may only crash 21% in 10 minutes :D
 
Quote from shortie:

"There are very few other times in U.S. stock market history during which the Dow has risen so far in so short a time. Since the Great Depression, in fact, there has been only one other occasion when the Dow — in an interval of 23 months — performed better than it has since the March 2009 low.

That was during 1986 and 1987, the period leading up to the August 1987 stock market high.

That is a parallel that older investors will very well want to forget, of course. Within two months of Wall Street’s August 1987 peak, the stock market suffered its worst crash in U.S. history — with the Dow losing nearly 23% in a single session. "
http://www.marketwatch.com/story/pu...rical-context-2011-01-26?reflink=MW_news_stmp

Note to self: the history never repeats itself exactly the same way. this time we may only crash 21% in 10 minutes :D
More...

Here is the other datapoint conveniently left out. http://en.wikipedia.org/wiki/Panic_of_1907
 
QQQQ at 57.17. At this price and higher, if I were a buyer, I would be worried. Is a 10% retreat reasonable? (While typing, QQQQ went to 57.22, and then suddenly fell to 57.10).
 
Quote from tradingjournals:

QQQQ at 57.17. At this price and higher, if I were a buyer, I would be worried. Is a 10% retreat reasonable?
More...

57.03 already. you are quick!

p.s. we have not had 10% correction in a long while (since Aug?). basically, 10% is Nov lows. it may happen.
 
Quote from tradingjournals:

QQQQ at 57.17. At this price and higher, if I were a buyer, I would be worried. Is a 10% retreat reasonable? (While typing, QQQQ went to 57.22, and then suddenly fell to 57.10).
More...

Now at 57. very fast. Less than a minute.
 
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