We're in the bull market since 09' and this is 5th year of bull market rally. Normally a bull have a lifespan of 5 yrs and a bear rally would last 6-9 months.
But technical indicators are quite useless in this environment. I can see it grind higher as long as Bernanke pumps hot air in this giant casino. The global central bankers will not let it tanks until they let it tanks.
But technical indicators are quite useless in this environment. I can see it grind higher as long as Bernanke pumps hot air in this giant casino. The global central bankers will not let it tanks until they let it tanks.
agree
It's hilarious watching Bloomberg quickly downplayed the ue claim report this morning, they're hoping for a bad print. The new normal is good news is a bad news, no news is a good news, bad news is the BEST. If ue rate improves to 7% next month, the S&P will take 50 points hair cut instantly, then another 100 points drop in following weeks. No FREE $, no trades.
Long term secular bear began in 2000 and continues to this day ... This move up might take us to slightly new NOMINAL highs beyond 1550s but the next dive won't be far away .... Printing and massive government debting just buying the status quo more time ... And allowing unsustainable economic practices to fester and grow longer ... Ultimety extending the length of the overall secular bear market ... Who knows when the current party will end ... And 2008 could have been a NOMINAL low for the overall secular bear which began in 2000.... But pretty obvious to anybody with half a brain that at this point nothing has been "fixed" and long term only more problems and bubbles to burst remain ... As far as timing to when the next inevitable rug pull is a coming ... that's only for the wall street riggers to know ...
You always see signs when the rug is getting pulled Tiz.
That's what I have learned.
I have not perfectly timed the top and bottoms since 2007 but I have been really close.
Its always a good idea if the market has a major down day to pull out and wait a while to see if its something important or just a blip on the screen.
Its not like when the rug gets pulled we are going to go from lets say 1500 to 700 overnight.
You can afford missing the top or bottom by a bit if you have been making money hand over fist for the last 6 months or a year.
Yes the rug will get pulled again.
And yes im going to miss the top again, but im pretty confident that when that happens I will have the majority of all my positions out of harms why by the time the real damage happens.
Its a shame some really smart people have been on the sidelines since 2007 watching everyone else make money. And when the time comes for the rug finally getting pulled all you will be doing then is getting some of what you lost the first time.
I'm in long stuff just not long the overall market...
I went a bit nuts on SBR (oii/natty gas trust) when it got to 40 on end of year tax selling ... Somebody wanted out bad at lower cap gains... Anything below 45 a joke ... 10+ year play but plan on lowering my position at some point
I went a bit nuts on SBR (oii/natty gas trust) when it got to 40 on end of year tax selling ... Somebody wanted out bad at lower cap gains... Anything below 45 a joke ... 10+ year play but plan on lowering my position at some point
When Ben The Printer expanded his balance sheet from $700 billions to $3.2 trillions, the S&P ran from 700 to 1400. Ben balance sheet will hit $4.4 trillions by the end of this year, given the current trend, S&P would finish 2013 @1650.
Bernanke's wealth effect magic = Housing bubble + stock bubble.
The good news is QE is working wonderfully.
The bad news is all bubbles will burst eventually.
It's important that all investors do not miss the boat, but keep in mind that the boat name is always "TITANIC".
Good luck trading boys and girls.
Bernanke's wealth effect magic = Housing bubble + stock bubble.
The good news is QE is working wonderfully.
The bad news is all bubbles will burst eventually.
It's important that all investors do not miss the boat, but keep in mind that the boat name is always "TITANIC".
Good luck trading boys and girls.
The printing itself isn't the key issue ... The fed can only throw out the artificially low rates to try to get government, corporations, people etc go into debt up to their eyeballs to keep the long term trend of debting beyond your means bubble going
Economy only "growing" (not really growing if u look at true inflation an inflation in meaningless things llike food and energy) due to trillion dollar federal deficits .... Eventually that party will stop regardless if Ben (or whoever follows him) continue to hit the control P button .... As far as average joe going back to the debt well only major debting being done by him is for survival/trying to keep their eroding standard of living up ... As he's dealing with a shit job market still (if he has a job wages not keeping up with inflation) ....
And then you got all the negative long term ramifications/unsustainable economic practices that naturally rise out of an artificially propped up economy
Economy only "growing" (not really growing if u look at true inflation an inflation in meaningless things llike food and energy) due to trillion dollar federal deficits .... Eventually that party will stop regardless if Ben (or whoever follows him) continue to hit the control P button .... As far as average joe going back to the debt well only major debting being done by him is for survival/trying to keep their eroding standard of living up ... As he's dealing with a shit job market still (if he has a job wages not keeping up with inflation) ....
And then you got all the negative long term ramifications/unsustainable economic practices that naturally rise out of an artificially propped up economy
What do you mean
Anyone see Ackman vs Icahn on CNBC today (or yesterday) That was awesome!
http://www.cnbc.com/id/100408608
I honestly think Ackman cameoff a lot better...
When you think about it this should fall under the category of insider information.
He places a large short position on Herbalife knowing that he is going to get the SEC involved with a lawsuit against the company.
This is info that only he knew.
My parents made over 1 million dollars on Herbalife back in its heyday back in the mid 80's when Mark Hughes was still alive.
They have a lot of good products.
If they're clean, they have nothing to worry about. Ackman's playbook is not new. I don't know anything about Herbalife.
Wall Street' big guys have very well political connection w/ SEC and DOJ. Las Vegas Sands is under investigation for money laundering for 3 yrs, the case probably died already....haven't heard anything about it lately.
Wall Street' big guys have very well political connection w/ SEC and DOJ. Las Vegas Sands is under investigation for money laundering for 3 yrs, the case probably died already....haven't heard anything about it lately.
Hey Snoop I really respect the fact that you are living up to your promise of not posting in the politics forum on the AK thing.
But at the same time the place has dropped a notch or 2 since you left.
Please comeback.
AK left also.
I guess he got board after you left.
But at the same time the place has dropped a notch or 2 since you left.
Please comeback.
AK left also.
I guess he got board after you left.
