Your post Fed meeting sentiment tomorrow
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hahaha
3. No serious economic developments or bad news....
Are you serious, you probably think the housing collapse and the 1.4+ million foreclosures along with $1-$2 trillion worth of ARMS resetting is all a conspiracy theory.
Were you around back in 1999-2000 when the nasdaq dropped over 50%. Wait till we get the sell off that will take the dow years to get back to new highs.
Um QQQQ already broke out of the 43 resistance
If you want to continue shorting go ahead. Just don't disappear if the markets continue to go higher.
Wishfull thinking- the last resort for the short who should have covered last week.
I'm glad you finally posted something with some substance.
3 on your list is very broad and an all-encompassing assertion that is pretty meaningless. I would argue it's patently false. Housing, mortgage lending, inflation, slowing corporate earnings growth?
1 is not true, according to the fed's own benchmarks. In fact, it's troubling them - especially the PCE.
2 is true now, but the issue becomes to what level will they fall? What gives you reason they won't revert to historical norms?
4 is something you have absolutely no way of knowing, as neither do I. You assert these things as fact, rather than opinion, all the time.
8 was true the last time we had a major market correction in the U.S., in 2000. What relevance does it have?
As to number 9 on your list, there is wide ranging opinion on whether or not the market is now fairly valued based on historical P/E ratios. I don't pretend to know the true answer, but a statement that there are no signs of extended valuations," you get back to my point about what earnings will look like in Q4. If net revenues go lower, it will distort the current valuation, and equity prices should fall.
stock trd3r I could argue that 1-5 of you're wish list is completely the opposite of whay you are praying. We are at PEAK earnings right now. They will not increase from here. You seem to be the only person on the planet who doesn't get this. Christ I think eqt trdr has finally gotten it. Inflation may or may not be under control. The bullshit stats the gov't releases and uses are not worth the price of the paper they are printed on. Oil is going lower at the moment, but have you noticed you are actually paying MORE at the pump. Consumers have lost the ATM called refi's, pop goes that balloon. Terror is under control until they decide to do something, fron anywhere. Ok shoot me down big boy.
I recall having similar debates last year and I would state my case as to why the markets would go higher and they would be refuted as is expected on a forum with a lot of bears.
I stated my case and now all we have to do is wait and see what happens. Perhaps this subprime fallout will morph into something far worse..or maybe not. Even the 'experts' who are payed millions don't know. We should agree to dissagree.
I stated my case and now all we have to do is wait and see what happens. Perhaps this subprime fallout will morph into something far worse..or maybe not. Even the 'experts' who are payed millions don't know. We should agree to dissagree.