The SPY index is at a resistance right now, the market is overbought by every technical measure. Secondly, if gas hits $4, that will stall the economy and trigger a correction, just as it has done so twice before. Gas hitting $4 is a certainty before this summer, because peak demand hasn't happened yet. Smart traders are now getting short the S&P, a market sell off is probably weeks away, not months away. When that happens, the VIX will spike well into the 20s.
hey max i've been hearing that since BAC was $5, it's now $9, or i've been hearing that since appl was 435$, it just hit 600$ i've been hearing that since uvxy, was 50$ pre reverse split, now it's 25$. hey don't fight the tape, for this market to tank, it needs big news, i don't see it happening! at least till next quarter! GL any way!jmo
The Bernanke is ready to float QE story thru WSJ and CNBC the moment market drops more than 1%...
Markets won't pull back unless the earning is weakening (gov can't flush the numbers there)... But with the market rising substantially, I think the earning will be good (thru the Bernanke's wealth effect)
The only bet is for gas price to rise in summer to the point, The Bernanke cannot push QE button as it will push oil and gas price even higher...
BERSKANK today is floating the SPR (oil reserve) release story in a futile effort to keep oil low...they will float this story many times to battle the INFLATION THAT HE HAS CAUSED!
The sterilized QE is the result of desperate measures...IF the market looses confidence...then private markets will demand higher interest rates...which will rip into national deficits....which will rip into assets held by over leveraged world banks...the fractional banking system could and SHOULD crumble!
BERSKANK is a political muppet! DOn't think for a minute that there are not traders AT THE FED that pour fictional money into equities each day, like today when 2/3's of DOW stocks were lower, and the DOW rose 58 points...the FED SHOULD BE STERILIZED FROM THE EARTH!...there's your sterilized QE!!!
my prayers???...that BERSNAKE IS HUNG BY HIS NUTS FOR LIFE! This evil empire will have it's end...this is why you see so many incredibly unusual efforts, back to back, constant monetization....TARP, TARP2, QE1, QE2, TWIST...it never ENDS because once it does, like last August...the market will CRASH!
This market CAN NOT SURVIVE without MORE AND MORE monetization...CLASSIC PONZI!!!...CLASSIC! AND CRIMINAL BECAUSE IT WILL FAIL!!!
JUST ONE PERSON PLEASE ASK BERSKANK THIS ONE QUESTION IN PUBLIC.....BEN, WHY DON'T YOU DARE GIVE QE A REST? I DARE YOU...JUST FOR 1 WEEK TELL THE MARKETS NO CHANCE OF FUTURE QE!....THESE CRIMINALS HIDE BEHIND LIES AND NUMBERS....JUST ONE WHISTLEBLOWER PLEASE DOO THE WORLD A SERVICE, AND GO AHEAD AND BUY UVXY BEFORE YOU UNCOVER THE MAGGOTS!
Glad I am not the only one that thinks that. Every indicator is screaming over bought. Now I do have some long stock but this is getting to a point it going to get ugly if some pressure does not coming off the market