Cobra's Market View

tdo722 wrote:

BullTart wrote:LOL!!! There is the big buy program kicking in... exactly at 3:00pm to the dot. Right on schedule.

Could it really be this easy to make money?

You bought LONGs at 3PM?

FinancePhD wrote:The Federal Reserve is likely to step in with $1 trillion worth of easing that could be announced as soon as this month, according to a growing consensus of economists who see the recent uptick in economic growth as unsustainable.

With the Fed’s Open Market Committee set to meet next week, expectations are rising that the languishing housing market will drive the central bank to buy up mortgage-backed securities.

The goal of the purchases will be to drive down interest rates even further from current record-low levels, and, less obviously, to spur confidence that more monetary tools remain to stimulate the economy.

Of course, the announcement also could push stock prices higher, as did the Fed's last balance sheet expansion begun in November 2010.

Just a few months ago, market observers speculated that another round of quantitative easing — QE3, in this case — would be politically infeasible and probably unnecessary given hopes for better growth in 2012.

But with housing stuck in neutral and a European recession on the horizon, economists believe QE3 is all but certain.

Andrew Wilkinson, chief economic strategist at Miller Tabak, released a paper Thursday that makes the case for more easing, which he said could push stock prices higher to where the Standard & Poor’s 500 rises another 11 percent to 1450.

costco wrote:

Cobra wrote:

costco wrote:

Cobra wrote:I believe lots of people are watching this line. I don't see logic behind this kind of line but amazingly it does work more often than not. I'm not implying it'd work this time, I'm just saying what I'm saying, this seems not logic line does work, very interesting.

Hi Corba. The analysts and CNBC are talking about QE3 again. Please refer: http://www.cnbc.com/id/46058897
I believe this is the behind-the-scene hand to push market all the way to 131x from 1200 since December. What do you think?

there'll be no QE3.

I think the recent run up is because Euro Zone is actually doing the QE.

Thanks cobra. Two questions: (1) why does CNBC post such article about QE3 coming? (2) Why nobody said Europe is doing QE since December? Why didn't EUROPE do it earlier if it can solver all the problems?

TraderGirl wrote:We got some divergence, INDU higher, but all others did not participate....

Cobra wrote:volume surge. let's see any pullback here. watch green line below.

soku wrote:

TraderGirl wrote:We got some divergence, INDU higher, but all others did not participate....

what do u mean? i think dow is the weakest among the major 3 today.

SWalsh wrote:

dumamay wrote: whose It made by?? and what barrel length??

A Springfield Armory (5") with beavertail and top of the line trigger.

I just had a gunsmith work on the lug and get it to sub 1" at 25 yds and put a red dot scope on it for bullseye, which I'm just starting.

I usually carry a HKP2000...allows for a 2nd strike and goes bang every time.

Picked up a CZ Target a few months ago from the Custom Shop as I want to start IDPA soon. I belong to a club where the indoor range is 24/7 and 5 miles way.

fuddleduddle wrote:There was this guy who commented awhile ago about being 300% short and that he was a bear with balls. I hope he took the advice Cobra gave him shortly after.