Ever watch everyone sell at the same time, and markets go nuts to the down side, thats going to happen soon, this is a very unhealthy market now. There are many gaps that need to be filled on the downside.
stop calling doomsday everyday!
When everyone decides to cash out at the same time or when there is an unexpected bad econ news; that's when the 3-4 pts major pull will happen.
Sentiment: Strong Sell
Who is everyone?-There is no one in these markets minus an Egg Man Consortium of financial institutions whom are stuck with the bag in a coffin corner.
The Fed now must hold 80% of the stocks. There can only be a limited amount of selling. Buy with impunity here.
Sentiment: Strong Buy
"The Fed now must hold 80% of the stocks."
Can you perhaps explain to us how this will get unwound? Is the Fed going to just hold the stocks and collect dividends forever? Is that the plan?
Seriously, you should be wearing helmet before you're allowed to get out of bed in the morning.
FED does not buy stocks.
Bernanke’s response to Senator Shelby (senate hearing 2/26/13):
“By law, we can only buy treasuries and agencies.”