MrHanky Posted February 23, 2012 Report Posted February 23, 2012 Aggressive dip buyers make all sellers look like fools,but 13k rejected....for now.
MrHanky Posted February 23, 2012 Author Report Posted February 23, 2012 Perfection all around,just too good to be true each and every day..... Treasuries up Stocks up Crude up Gold up Why ask why?
MrHanky Posted February 23, 2012 Author Report Posted February 23, 2012 Bidders still chasing ES AH,buy before we hit 15k boys!!!!!!!!!!!!!!!!
shorty Posted February 23, 2012 Report Posted February 23, 2012 Perfection all around,just too good to be true each and every day..... Treasuries up Stocks up Crude up Gold up Why ask why? it has nothing to do with the upcoming re-erection crude and gold are skyrocketing because the economy is doing so well treasuries are up because (reampeat after me) "THERE IS NO INFLATION" stocks are up because with all the new job creation, and with the price of food, clothing and gasoline all falling, Americans have a lot of excess cash to invest in stocks
psyche doctor Posted February 23, 2012 Report Posted February 23, 2012 Below looks to be a barrier triangle (qqq) near completion. Rule of thumb is that price usually leaves the direction that it came into the rtriangle, in this case up. This thing will probably resolve tomorrow. Chances are it will be to the upside, but they can fail. Which ever way this breaks, it will probably be with a gap. If to the upside, which is very likely, I look to see the comp tag 3000, or it could make marginal new highs and sputter. Also, look for crude to tag near 110. One thing to consider, if crude starts getting much higher, it will at some point start to weigh on the market. So far, it doesn't seem to mean anything, though.
zero_value Posted February 23, 2012 Report Posted February 23, 2012 Below looks to be a barrier triangle (qqq) near completion. Rule of thumb is that price usually leaves the direction that it came into the rtriangle, in this case up. This thing will probably resolve tomorrow. Chances are it will be to the upside, but they can fail. Which ever way this breaks, it will probably be with a gap. If to the upside, which is very likely, I look to see the comp tag 3000. Also, look for crude to tag near 110. One thing to consider, if crude starts getting much higher, it will at some point start to weigh on the market. So far, it doesn't seem to mean anything, though. I am short from 106.85, looking to either ride out the gap and add near 109.50 or fill at 107.50 for a loss and try and re-enter.
psyche doctor Posted February 23, 2012 Report Posted February 23, 2012 I am short from 106.85, looking to either ride out the gap and add near 109.50 or fill at 107.50 for a loss and try and re-enter. I dumped some of my position. Not a very big position, but still holding some. I, too, will add some if near 110, but probably be more agressive.
capitall Posted February 23, 2012 Report Posted February 23, 2012 it has nothing to do with the upcoming re-erection crude and gold are skyrocketing because the economy is doing so well treasuries are up because (reampeat after me) "THERE IS NO INFLATION" stocks are up because with all the new job creation, and with the price of food, clothing and gasoline all falling, Americans have a lot of excess cash to invest in stocks The stock market is going up because, as retirees say, "We are forced to invest in the stock market" because interest rates on savings and bonds are so low. As things stand now, most retirees will outlive their assets anyway. So they figure, why not take a gamble on having something better than cat food to eat in their old age? People invest in it because it is going up and savings account and bond and CD interest rates are not.
psyche doctor Posted February 23, 2012 Report Posted February 23, 2012 The stock market is going up because, as retirees say, "We are forced to invest in the stock market" because interest rates on savings and bonds are so low. As things stand now, most retirees will outlive their assets anyway. So they figure, why not take a gamble on having something better than cat food to eat in their old age? People invest in it because it is going up and savings account and bond and CD interest rates are not. I don't think many retirees are gambling in the stock market these days. I think the main reason the market is going up is because of Fed coercion.
capitall Posted February 23, 2012 Report Posted February 23, 2012 I don't think many retirees are gambling in the stock market these days. I think the main reason the market is going up is because of Fed coercion. The Fed may be the primary factor. But I would not under-estimate the effect of their keeping interest rates below the inflation rate. I live in a retirement community, where people from Seattle, California, and many other places go to buy property with a view of the water, and to retire. I've asked lots of the people I meet if they are in the stock market, and I almost never hear the answer "No." Even the people who live in the little junky apartments in town say "Yes." Their IRAs are all in the market.
MrHanky Posted February 23, 2012 Author Report Posted February 23, 2012 Like i have said in the past,I am being FORCED to be in the market..... My last 2 CD's mature in August,they are yielding 6%,all the CD's I had in 2007-2008 will then be all gone...The WORST yielding one was @5.35%,and the best was as high as 6.25%. Now with 5yr CD's yielding crap,between 1.25 and 2.25 taxable.No choice but to mess with stocks and muni's.... Just hope I don't get caught holding very much when treasuries and markets implode.
MrHanky Posted February 23, 2012 Author Report Posted February 23, 2012 JMHO.... The worst thing anyone could do right now is hold a bond FUND.Since it has no maturity date the losses could be catastrophic when rates rise.Owning individual bonds with a maturity date will ALWAYS come back if you hold it long enough...... assuming it does not default. I would not touch a bond fund of any kind here......
Trader Joe Posted February 23, 2012 Report Posted February 23, 2012 Pullbacks... Pullouts... ...let's call the whole thing off
juggler Posted February 24, 2012 Report Posted February 24, 2012 Folks, StratFor is having an open-house ... all the articles are available for reading for a short time. www.stratfor.com
DrStool Posted February 24, 2012 Report Posted February 24, 2012 Folks, StratFor is having an open-house ... all the articles are available for reading for a short time. www.stratfor.com Just don't give them your credit card number. They're supposed to be security experts. I mean, what a bunch of jerks.
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