Quote from S2007S:
These numbers are insane
SPX up 1.46% in the last 3 days and already up 15.7% in 2013
The DOW closed at a record high at 15,215 and is the 19th RECORD close for the dow this year up 16.1%
The Russel index is only 15 points away from 1000 and has risen 7 out of the past 9 days and is UP 4.06%%%%% in MAY alone and 16.1% this year
Im telling you if this was all opposite and the markets were down 15%+ on the year you would see lots and lots of intervention by BUBBLE ben bernanke and friends, they would have televised meetings that would talk about everything they can do to turn the markets to the upside.... there are no such thing as down markets in this "free market" any more...If anyone complains about an 18% or 32% sell off after a Gigantic almost 150%+ rally in only 4 years you better act up and not be a little bitch about it!
Why is it that no matter what the market does you are bitching EVERY DAY about markets ? Up or down, it doesn't matter. The only thing that will appease you is another stock market crash. I have news for you, the same news I gave you in 2011. No crash is coming for years, crashes are not that frequent. You will get corrections, and you will at some point ( like now ) see new highs.
This is not news, its normal markets.
It is stupid when you claim people will complain if the market drops. In late summer 2011 I didn't see anyone complain; those who were smart saw it as an excellent buying opportunity, those who weren't were shorting the hell out of everything and getting owned. Of course, you were STILL too busy complaining to trade.
I guarantee you the US fed wouldn't bat an eye if markets dropped 15%. This is NOT their focus. They are focused on the economy and jobs, still relatively weak but getting better. You are confused about what the market represents. It's companies and their profits/balance sheet, which largely add wealth to those who can afford to participate by owning those companies.
Yes, markets will eventually correct they always do. So here's an idea. Instead of posting absolute shit on here when they do, tell us about what you are buying at that point. Or are you really dreaming of SPX at 700 again ? You are going to be waiting an eternity for that level, it was the buying opportunity of a lifetime.