Bungster Posted November 18, 2009 Report Share Posted November 18, 2009 It's the biggest consensus opinion I have ever witnessed in 35+ years of trading markets. Because of "liquidity" the market will keep going up. Everyone and his brother is now a believer. Okay. What happens next? Probably for the next 6 mos at least... Bearz will have to play both sides fer a while....KW and Madness are two of the best at this.... Link to comment Share on other sites More sharing options...
Bungster Posted November 18, 2009 Report Share Posted November 18, 2009 Posted this at the end of the day.... Link to comment Share on other sites More sharing options...
TenaciousG Posted November 18, 2009 Report Share Posted November 18, 2009 well, just don't overdo it.... Just one glass of whiskey to take the edge off I am looking for $CL_F to break out of it's bull flag tonight - first tgt $84 Link to comment Share on other sites More sharing options...
TenaciousG Posted November 18, 2009 Report Share Posted November 18, 2009 Ah, I will be looking forward to your drunk posting later on this evening! Funny - certainly not past me to do such a thing. Link to comment Share on other sites More sharing options...
2faas Posted November 18, 2009 Report Share Posted November 18, 2009 It's the biggest consensus opinion I have ever witnessed in 35+ years of trading markets. Because of "liquidity" the market will keep going up. Everyone and his brother is now a believer. Okay. What happens next? Usually the exact opposite of consensus... When, of course, is the question. Waiting for the first guy to blink. Link to comment Share on other sites More sharing options...
Slothrop Posted November 18, 2009 Report Share Posted November 18, 2009 I think we're there, 2faas. Days, not weeks. What the trigger will be is the unknown, but it always is. Link to comment Share on other sites More sharing options...
2faas Posted November 18, 2009 Report Share Posted November 18, 2009 I think we're there, 2faas. Days, not weeks. What the trigger will be is the unknown, but it always is. Can't under estimate the lure of the year end bonus for the fumble managers so I think that is probably enough to keep us chopping through the end of the year. Barring one of those pesky black swans, of course. But come Jan 2nd, well, that could be a humdinger. Link to comment Share on other sites More sharing options...
No Einstein Posted November 18, 2009 Report Share Posted November 18, 2009 Can't under estimate the lure of the year end bonus for the fumble managers so I think that is probably enough to keep us chopping through the end of the year. Barring one of those pesky black swans, of course. But come Jan 2nd, well, that could be a humdinger. If they pull off black friday with " expected" traffic/sales... maybe we continue up... If not...if it is obvious that black friday is a disaster ... we will have a correction ..or worse jmvho Link to comment Share on other sites More sharing options...
Slothrop Posted November 18, 2009 Report Share Posted November 18, 2009 We've gotten so used to the present theme that we can't even envision actual Big Red Candlesticks anymore -- hence, I keep seeing these "well, maybe some more chop, but that's all" and "well, nothing major for another 6 months at least." This isn't how it typically works, folks. This is the effects of hypnotizing propaganda for months. But the jig is about up. Wake up. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted November 18, 2009 Report Share Posted November 18, 2009 It's the biggest consensus opinion I have ever witnessed in 35+ years of trading markets. Because of "liquidity" the market will keep going up. Everyone and his brother is now a believer. Okay. What happens next? The brokers who believe this typically are right for a while then end up having to deal with some LP freezing his clients cash when this bubble implodes...I saw brokers eat staggering losses in LP's I wouldn't touch with a ten foot pole the last year.....I'd get solicited and delete the sheet before it hits the in box. then he spends the next year consoling the dippers that are "in it for the long haul"... he may be right for a while but no way will the dickweed sell.... The industry that I just left is evil....people do not "own" anything...they rent...and the person I sold my practice to is just looking for the next sale and will eventually lose all my clients.....I did it the right way and won but "lost my business" due to philosophical differences ... I hear stuff like the " we can only go up broker" and cringe... Link to comment Share on other sites More sharing options...
capitall Posted November 18, 2009 Report Share Posted November 18, 2009 The brokers who believe this typically are right for a while then end up having to deal with some LP freezing his clients cash when this bubble implodes...I saw brokers eat staggering losses in LP's I wouldn't touch with a ten foot pole the last year.....I'd get solicited and delete the sheet before it hits the in box. then he spends the next year consoling the dippers that are "in it for the long haul"... he may be right for a while but no way will the dickweed sell.... The industry that I just left is evil....people do not "own" anything...they rent...and the person I sold my practice to is just looking for the next sale and will eventually lose all my clients.....I did it the right way and won but "lost my business" due to philosophical differences ... I hear stuff like the " we can only go up broker" and cringe... LP? Link to comment Share on other sites More sharing options...
Charmin Posted November 18, 2009 Report Share Posted November 18, 2009 That's a cheap car. It wasn't the clunker that needed to be replaced ... it was the pole. Link to comment Share on other sites More sharing options...
DrStool Posted November 18, 2009 Author Report Share Posted November 18, 2009 We've gotten so used to the present theme that we can't even envision actual Big Red Candlesticks anymore -- hence, I keep seeing these "well, maybe some more chop, but that's all" and "well, nothing major for another 6 months at least." This isn't how it typically works, folks. This is the effects of hypnotizing propaganda for months. But the jig is about up. Wake up. I concur. This is a potential inflection point. Whether that potential is realized, well, we just have to listen to the market. The rule is, the trend is the trend until it isn't. But it's completely foolish to extrapolate that for any period of time. The market can change on a dime when the conditions are right. This rally is driven by pure speculation, based on something that has nothing to do with anything other than it provides the players with free money- the US dollar carry trade. So they're all leveraged up on the same side of the boat in the "Buy Something Trade". This will end in tears. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted November 18, 2009 Report Share Posted November 18, 2009 LP? No .but they solicited me many times....don't want to get into it but it was an independent broker who's ass is gonna be tied up in arbitration for years....cleared there 14 years..... Google Medical Capital and Reserve Funds and you'll find em. I'm happy and without stress so I won't drop names cause they are sheetheads poaching MER reps to get em to sell the next 7 % commission UIT....The industry has gone to sheet.....it's a whore's business.... Best thing that ever happened to me was telling the wrong person to eff off after LEH blew an O ring.....Since August I'm back in education and just doing my own stuff.... Link to comment Share on other sites More sharing options...
howard in nyc Posted November 18, 2009 Report Share Posted November 18, 2009 good for you, ags. keep edumacating us here. i really enjoy and appreciate your insight. Link to comment Share on other sites More sharing options...
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