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rola wrote:Something must really fu..d up, that Benny did what he did....
I think we'll go up until the 18th before a correction and then up until the 25-30th before a top. Again unless I see the market actually going down I wouldn't short.Petsamo wrote:A finish below the highs means they want this thing to gap up. Anyone placing bets on a gap up ?
1600? I think we reach there is a jiffy. I am thinking 2000+ now. $2 billion available to purchase equities every single day the market is open, get this - 'indefinitely'. Draghi has nothing on Ben! Who will short? Who will sell? Financial sector will come out of this looking pristine clean. All the MBS will be cleared off their hands.KeiZai wrote:I think Obama just bought his next presidencyPetsamo wrote:Romney is predicted to be the next President. I think the market is pricing him in.Me XMan wrote:Romney came out and said BO's policies not work hence the Fed's bazooka.
What if Romney is in...then what?
BullBear52x wrote:One more for the road, my prediction for next president of the USA. I think Mr. O will rock on.
http://www.huffingtonpost.com/2012/08/2 ... 22933.html
Market related: buy the dip and dip of every dip! 1600+ is quite possible before "bigger" correction
If Obama wins, I short the crap out of this market.KeiZai wrote:I think Obama just bought his next presidency
As I've said several times before, the electoral math has favored Obama. It still does. However, there are still 50 days to go. I don't go in for endzone dancing when I'm standing on the 40. I also don't much care for chest-beating.KeiZai wrote:I think Obama just bought his next presidencyPetsamo wrote:Romney is predicted to be the next President. I think the market is pricing him in.Me XMan wrote:Romney came out and said BO's policies not work hence the Fed's bazooka.
What if Romney is in...then what?
BullBear52x wrote:One more for the road, my prediction for next president of the USA. I think Mr. O will rock on.
http://www.huffingtonpost.com/2012/08/2 ... 22933.html
Market related: buy the dip and dip of every dip! 1600+ is quite possible before "bigger" correction
read carefully lol ...- before "bigger" correction ...I have monthly squeezes all over the place, if they fire it can last for years and then new bull market is bornTradingJackal wrote:1600? I think we reach there is a jiffy. I am thinking 2000+ now. $2 billion available to purchase equities every single day the market is open, get this - 'indefinitely'. Draghi has nothing on Ben! Who will short? Who will sell? Financial sector will come out of this looking pristine clean. All the MBS will be cleared off their hands.KeiZai wrote:I think Obama just bought his next presidencyPetsamo wrote:Romney is predicted to be the next President. I think the market is pricing him in.Me XMan wrote:Romney came out and said BO's policies not work hence the Fed's bazooka.
What if Romney is in...then what?
BullBear52x wrote:One more for the road, my prediction for next president of the USA. I think Mr. O will rock on.
http://www.huffingtonpost.com/2012/08/2 ... 22933.html
Market related: buy the dip and dip of every dip! 1600+ is quite possible before "bigger" correction
US Bonds up, Commodities up, Equity up! Up, Up, Up.
Xian wrote:As I've said several times before, the electoral math has favored Obama. It still does. However, there are still 50 days to go. I don't go in for endzone dancing when I'm standing on the 40. I also don't much care for chest-beating.KeiZai wrote:I think Obama just bought his next presidencyPetsamo wrote:Romney is predicted to be the next President. I think the market is pricing him in.Me XMan wrote:Romney came out and said BO's policies not work hence the Fed's bazooka.
What if Romney is in...then what?
BullBear52x wrote:One more for the road, my prediction for next president of the USA. I think Mr. O will rock on.
http://www.huffingtonpost.com/2012/08/2 ... 22933.html
Market related: buy the dip and dip of every dip! 1600+ is quite possible before "bigger" correction
Today's action has little do with Obama "buying" a presidency.
People seems to forget that Bernanke is a life-long Republican, like Greenspan before him, and that he was originally appointed by President Bush. It's also common knowledge that Bush only appointed "loyal bushies" to posts (even if they were horse judges).
So strange, some folks can't get their heads around a man actually doing his job (full employment and price stability) without being stupidly partisan about it.
It is true that there are some people left in United States who put country before party, keep their heads down and do their jobs. It's just that there are so few of them left that we can barely recognize them when they come along. Bernanke is such a person. Agree with him or not, he's just doing his job. As hard is it to believe for some, it matters little to him who sits in the oval.
SPX closed the highest above the upper bollinger band (121%) since this bull market started in 2009. it's actually the highest breach since the start of 2006. that seems pretty overbought to meMrMiyagi wrote:Nothing is dangerously overbought or oversold... Crazy!
Expect more up from here
MrMiyagi wrote:
The "bigger correction" That is funny.KeiZai wrote:
read carefully lol ...- before "bigger" correction ...I have monthly squeezes all over the place, if they fire it can last for years and then new bull market is born
Based on cyclical models we have to spend 2 more years in this range but u know this time should be different ...GL bud!
just 2 of them
rc1269 wrote:SPX closed the highest above the upper bollinger band (121%) since this bull market started in 2009. it's actually the highest breach since the start of 2006. that seems pretty overbought to meMrMiyagi wrote:Nothing is dangerously overbought or oversold... Crazy!
Expect more up from here
Truly I don´t care who will win, he (whoever wins) will not be my president...Just thinking this will help him no matter who said "do it"...I have nothing more to add to this topicXian wrote:As I've said several times before, the electoral math has favored Obama. It still does. However, there are still 50 days to go. I don't go in for endzone dancing when I'm standing on the 40. I also don't much care for chest-beating.KeiZai wrote:I think Obama just bought his next presidencyPetsamo wrote:Romney is predicted to be the next President. I think the market is pricing him in.Me XMan wrote:Romney came out and said BO's policies not work hence the Fed's bazooka.
What if Romney is in...then what?
BullBear52x wrote:One more for the road, my prediction for next president of the USA. I think Mr. O will rock on.
http://www.huffingtonpost.com/2012/08/2 ... 22933.html
Market related: buy the dip and dip of every dip! 1600+ is quite possible before "bigger" correction
Today's action has little do with Obama "buying" a presidency.
People seems to forget that Bernanke is a life-long Republican, like Greenspan before him, and that he was originally appointed by President Bush. It's also common knowledge that Bush only appointed "loyal bushies" to posts (even if they were horse judges).
So strange, some folks can't get their heads around a man actually doing his job (full employment and price stability) without being stupidly partisan about it.
It is true that there are some people left in United States who put country before party, keep their heads down and do their jobs. It's just that there are so few of them left that we can barely recognize them when they come along. Bernanke is such a person. Agree with him or not, he's just doing his job. As hard is it to believe for some, it matters little to him who sits in the oval.
Dude, no disrespect, but Ben does not bluff. He is no Draghi. He did not even have to use the word indefinitely. His language is careful. It is about the goal he trying to achieve. QE is just one tool. He is the 2nd most powerful man in the world and does more than he says. BTW, he is not all in. There is plenty more where this came from. There will always be roadkill and subjective interpretations but you are either with him or your skin in hanging in the corridors of his office Bear blogs will be a fun read tonight.Me XMan wrote:What Uncle Benny said was I'M ALL IN!
Watch market will call him bluffing.
rola wrote:Something must really fu..d up, that Benny did what he did....
OverUnder wrote:Well, we've been reading every day, many times a day, for a couple of months now, about how the market is overbought. How is this time different.
rc1269 wrote:SPX closed the highest above the upper bollinger band (121%) since this bull market started in 2009. it's actually the highest breach since the start of 2006. that seems pretty overbought to meMrMiyagi wrote:Nothing is dangerously overbought or oversold... Crazy!
Expect more up from here
that didn't work very well last time.Petsamo wrote:If Obama wins, I short the crap out of this market.KeiZai wrote:I think Obama just bought his next presidency
That is an excellent chart Mr. Miyagi. Can you share the 'print' link from StockCharts so it can be bookmarked (maybe with SPY on a bottom panel)? I can see this chart has well formed reversals. Would be an awesome tool in making decisions on long term type of stuff.MrMiyagi wrote:I'm sure it's just yanking my chain...