I agree UVXY just won;t go below 10.. So based on Cramer ???
telling everyone to take profits This irrational market looks topped out..
Smaller paychecks for people --Oil at 100/barrel
Zero GDP - employment numbers that are fiction and manipulated by government intervention
plus the real fact that unemployment is not going down means danger Will Robinson...
IMO its time to load up on cheap protection for Feb which will take back these gains..
This economy just doesn't deserve this irrational market of 2013
all you wrote is corrreect but the last piece you are missing is this.
The more bad news related to economy that comes out the higher the market goes...Reasoning: Fed will keep pumping free money at 0 rates to fund the market participants (which by the way is the top 5% owning 80% in direct stock investment..go figure
Cramer also says a lot of nothingness
Cramer talks out of three sides of his mouth. Besides what's it with the tie and the sleeves rolled up? Is that to make him more believable. Also read the disclaimer ..for entertainment purposes only..go figure
Seems he is stuck in a rut just like his advice ( which may I add I've never taken)
"I agree UVXY just won;t go below 10."
That just shows that you should not be trading this thing. I'm warning you from my own experiences as a former long but a lifelong short. Trade TZA or FAZ or just short the SPY or QQQ. In fact, shorting TNA or FAS is actually a much better play if you're bearish cuz you have massive leverage decay working in your favor. Even buying VIX calls would be a lot safer than owning this thing, trust me...
PMI Mfg Index at 55.8
ISM mfg Index at 53.1
The net revisions for November and December were up 156,000.
Consumer sentiment is up.
Bond prices are declining (TLT) and bond yields are rising.
Euro is at 52 week high.
March oil futures at 97.61 (not 100)
DOW and S&P closed at 5-year highs
One more fact, maybe the most important of all. Fed has no end in sight (well 6.5% unemployment, whenever that happens) to bond buying program aka QE Infinity and is pumping $85 Billion per month... They're also dedicated to keep the Fed Funds rate low at 0.25% with target inflation at 2%...