Why is the market going up?

Quote from iceman1:

I agree

It is hard to understand why we continue to "trend" higher. I can understand moving in "fits & starts" but the way it's moving I guess the downgrade and any other lackluster economic news is unimportant to the idiots.

More...

"Trying to understand the market is like trying to understand music. Most people would rather understand the market instead of making money." - Ed Seykota

*wrote that off the top of my head, sorry Ed if i misquote.
 
Quote from GordonTheGekko:

Today may be a good time to short. Possibly too risky until this afternoon, given resistance from ism
More...

It's possible for a trend reversal today, will short if it occurs.

Don't forget NF Payroll tomorrow. If it's bad, market goes down, discounting recession and then goes up discounting qe3 a bit more.
 
Quote from Visaria:

It's possible for a trend reversal today, will short if it occurs.

Don't forget NF Payroll tomorrow. If it's bad, market goes down, discounting recession and then goes up discounting qe3 a bit more.
More...

Are you planning to cover tonight if you end up shorting a rise today?
 
Quote from GordonTheGekko:

Are you planning to cover tonight if you end up shorting a rise today?
More...

Not me. I'll wait for the hit. it doesn't have to come tomorrow. I know I can't time the market. IMO the market moves are unpredictable but DOW stocks sitting near their 200 day high in this economy are beautiful short candidates.
 
Quote from GordonTheGekko:

Are you planning to cover tonight if you end up shorting a rise today?
More...

No. If i were to go short today (which is unlikely, but you never know), i would carry it overnight unless it was a huge move down in which case i would think about covering.

All moot points, because it's gonna go up :D
 
You must log in or register to reply here.
Back
Top