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SPDR S&P 500 ETF Message Board

  • xylther xylther Jul 27, 2012 1:56 PM Flag

    Looks like a blow-off top in the market

    The entire market seems utterly insane at these levels. I know, printing to infinity means stocks should be worth infinity, but the time for infinite printing has not yet come. Today looks like a classic blow-off top to me, to be followed by crashing.

    SPY is likely to be down 8% or more next week.

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    • [I know, printing to infinity means stocks should be worth infinity,]

      FED's creation of bank reserves still hasn't been drawn upon to support loan creation. Since you don't know what that means, I'll tell you that it means FED still hasn't effectively created one dime.

      [but the time for infinite printing has not yet come.]

      Words are cheap for beginners.

      [Today looks like a classic blow-off top to me,]

      Proves you're a beginner. It's just a bear market rally. In a bear market the market seems to rise only to end up lower among the pieces of smashed stocks.

      [to be followed by crashing]

      The machines won't let the market crash. That's where the machines apply synthetic money, against the market order short selling done massively by the public. When the public stops short selling the marginal offer which is far above catches the short seller's market order to cover.

    • I hope QE3 come early like before winter.
      Wall street guys would be happier with more papers to use some firelog. :)

      The world might lose some of the 25 % of global GDP.
      But, the rest of the world, 75 %, might manage to live on.

      Enjoy the pseudo-what-you-called-market. :(

    • MARKET IS STILL OVERSOLD..

      futures might be down on monday but stocks have to pickup..next

 
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