Why is the market going up?

Quote from dtan1e:

Exactly how far fwd? What if the economy keeps crapping down & down, according to u this means stocks sh go higher & higher, listen to yourself!!!
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How hard can it be? You buy the market in an uptrend and sell it in a downtrend. Why are you making life so difficult? Do you want to make money, or lose money?
We are trading above the 20 dma, dips will get bought. If we close below the 20 dma, rallies will be sold. That's about as simple as I can tell you what fund managers do out there in the real world.
If you think you are smarter than the market in the short to medium term, you are fighting trillions of dollars, including foreign countries buying or selling US assets. You think you will win?
 
Quote from Wolfgang1756:

It is really p*ssing me off. :mad:

Obviously this is a "suckers" rally. Why are these idiots buying???

I hope all those sucked into this "rally" go broke and get unemployed! Hopefully they will add to the current 9.1% or whatever it is...

Sorry but I had to vent my frustration...
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to summarize - its everybody else` fault but yours you are losing money.

Correct?
 
A few weeks ago, I posted that selling was running out of steam, and it won't be long before EliteTraders are blaming everything under the sun for rising markets except valuation ( the real reason people are buying equities, in combination of the normal anticipation of next earnings season ).

This thread is everything I predicted.
 
Quote from Nine_Ender:

A few weeks ago, I posted that selling was running out of steam, and it won't be long before EliteTraders are blaming everything under the sun for rising markets except valuation ( the real reason people are buying equities, in combination of the normal anticipation of next earnings season ).

This thread is everything I predicted.
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Link to your post?
 
Quote from Wolfgang1756:

It is really p*ssing me off. :mad:

Obviously this is a "suckers" rally. Why are these idiots buying???

I hope all those sucked into this "rally" go broke and get unemployed! Hopefully they will add to the current 9.1% or whatever it is...

Sorry but I had to vent my frustration...
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What the fucks your problem, stable markets are good for the economy. Honestly, did you really put on "massive crash" speculations at the bottom ? If you did, you have to understand they are low percentage plays with often bad risk/reward parameters.

Honestly, why on earth would a market recovery off the yearly bottom be a bad thing ? You are making no sense. That's like saying "Boy, the US hasn't invaded any countries lately I'm really mad we haven't done so lately".

What's this obsession with hoping for tragedy on this site ?

Several weeks ago, I noted numerous really nice blue chip stocks were getting very cheap in Canada. Its not idiots buying these stocks, its smart fundamental investors. For the TSX to go down much lower then 11,660 ( my stated call ), you'd need numerous large companies to go bankrupt. And I can tell you right now, our economy is fine this year, so its not going to happen.
 
Quote from Nine_Ender:



Honestly, why on earth would a market recovery off the yearly bottom be a bad thing ? You are making no sense. That's like saying "Boy, the US hasn't invaded any countries lately I'm really mad we haven't done so lately".

What's this obsession with hoping for tragedy on this site ?
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You just summarized the tea party. They want Armageddon. Note that they were nowhere to be found when the previous administration spend trillions and raise the debt ceiling multiple times.
Politics and trading do not mix, as I told my liberal friends when they could not believe the Bush rally and kept shorting it.
 
Quote from FreakofNature:

Seriously?
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He won't really be dead. He'll just create yet another alias. He's done it about a hundred times before.
 
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