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PowerShares QQQ Trust, Series 1 Message Board

  • bayfanatic bayfanatic Apr 2, 2013 11:17 AM Flag

    honestly, I don't think the panic buying has even started yet

    Once that kicks in, you will truly see some much larger percentage jumps in the market to get us to levels where we should be at given the record earnings and potential going forward.

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    • " and potential going forward." - That's BS.

      How do you know when the panic buying via short covering ends? How do you know when the longs who have twenty years worth of gains at the FDIC insured bank rate in just a little over a year might want to lock in those outsized gains?

      In my opinion there's a limit to how low this low fear trend can go. We are breaking new record low ground as we speak on the VXN 50 day moving average so maybe it's one of those "new pardigms" like those 26 average P/Es in the late '90s? Maybe not.

      • 1 Reply to boonie588
      • If this was short covering, I think we'd get much greater spikes in the averages. The slow steady grind tells me there is just continuous money flowing in from the sidelines. Volumes are low as there are few that are selling...more churning higher than anything else. Short covering will begin when we start to get big spikes up in the averages. I think coming soon.

 
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