Weekly Poll: QE2! QE2!! QE2!!!

[Tsing Tao]

what shorts? none are left

 

[MKTrader]

Quote from shortie:

it would make sense for the market to really test Shorts going into Wed. There should be many shorts who are under water with the market so overextended to the upside. Now push the market +2% before Wed: even more pain for Shorts AND the uncertainty of Wed. Many will bail out by Tue I guess.

And then, just as everyone assumes you can't lose money by being long...

A spike up then a big drop will probably cause the most pain for the most traders, and we know what markets like to do...

 

[S2007S]

Quote from Tsing Tao:

what shorts? none are left

Agree, all this talk about the people cover their shorts sending the market higher is just nonsense, I think by now most have covered and went long with the trend only going one way over the last 10-12 weeks.

 

[S2007S]

Oil up nice again today!!!!


Gas prices near me for regular are up over $3.10 a gallon, at the rate oil is moving $3.50 by early January is definetly coming. Get ready for more bubbles.

 

[shortie]

Quote from S2007S:

Oil up nice again today!!!!


Gas prices near me for regular are up over $3.10 a gallon, at the rate oil is moving $3.50 by early January is definetly coming. Get ready for more bubbles.

people should try to elect those congressmen who will give them gas rebates.

Shortie "Che" Guevara Out

 

[S2007S]

NASDAQ up 9 days in a row, just throwing that out there.

9 down days in a row and they would have been talking QE3 right this second.

 

[shortie]

QE2 is working ALREADY!!!

 

[S2007S]

Ending price for spx by Friday


Monday 1203

Tuesday 1209

Wednesday 1223

Thursday 1228

Friday 1240


Just keep buying, there is no risk, spx to 1275 by end November and 1300-1325 by end of 2010, new historical highs by mid 2011 to 1600+!!!

 

[MKTrader]

Quote from shortie:

QE2 is working ALREADY!!!

QE2's ostensible purpose isn't to boost stock or (especially) gold/oil prices. Or kill the Dollar. That's all it has done. QE1 was a complete failure, BTW.

 

[trefoil]

Volatility indices are all rising, gold's (GVZ) especially, which indicates lots of hedging ahead of the rest of this week. The recent trend in these has been up.
This kind of nervousness ahead of big events isn't usually bearish. The more hedges that get put on, the more that have to be unwound after the events.