You buy this M&A rally trend and up, up, up?

[pumpanddumper]

Get as many new longs into the market and chase it higher, only to take their legs out when new shoes drop...Might as well let the bulls run. Glad I got out of my shorts. Would be an ass pounding this morning.


Commence equity inflation all over again!

 

[makloda]

NFP and ISM coming out today. Could be a party pooper.

Economic Releases
8:30 am EST
- The Change in Non-farm Payrolls for January is estimated at +70,000 versus +14,000 in December.
- The Unemployment Rate for January is estimated at 5.0% versus 5.0% in December.
- Average Hourly Earnings for January are estimated to rise .3% versus a .4% gain in December.

10:00 am EST
- Final Univ. of Mich. Consumer Confidence for January is estimated to fall to 79.0 versus a prior estimate of 80.5.
- ISM Manufacturing for January is estimated to fall to 47.4 versus 48.4 in December.
- ISM Prices Paid for January is estimated at 68.0 versus 68.0 in December.
- Construction Spending for December is estimated to fall .5% versus a .1% increase in November.

 

[detective]

Looks like someone big is really short and panicking out. No justification for this huge rise. The market will be an easy layup short in the coming weeks.

 

[pumpanddumper]

Quote from detective:

Looks like someone big is really short and panicking out. No justification for this huge rise. The market will be an easy layup short in the coming weeks.

I agree. I will be surprised if the rally starts and gains steam...Like makolda said that # could cut the rally down...at least for today.

Today,, could be a reversal of yesterday...Gap up and complete 180....I don't know or it gets out of control higher. Has to be a lot of nervous investors who want to bail on the long end and cash out. Anyone heavily short could get ass raped.