Dow 12,000 now,,,,damn bulls are getting certain now,,,,one day they will step out of their cubicle
the govt and companies can pull all the tricks out of the back they want but doesnt it come down to.....final demand?
bulls are cought up crunching numbers failing to mention one thing....cash flow from cont operations..no demand = no sales growth = no growth
Any evidence of increasing demand in any sector would be appreciated...even with govt credits and low rates housing is sluggish,,,car sales are dead.....
Memo to fast money clowns and traders....stop watching the price action of stocks and get out of your cubicle and take a walk around the city....visit a temp agency, talk with a car salesman, visit with a retail store manager...SHIT AINT RIGHT!
They do. One of the Najarians last night said OHare is maxed out..."business travelers" are back on the move becuase the economy is on track.
I am considering selling my shorts. One of my neighbors here in the DC works for a particular govt agency. When talking and I express my thoughts on this mess he says "You're right.....but the markets will not tank again. You don't understand. WE are not going to let it happen because a second time would be disasterous."
So I press..and give the extreme "what if people stop buying." He said it doesn't matter, equities will still be bought and the market will hold or go higher."
It all says to me...the govt will use printing press to by stocks through its partners, to keep the game afloat.
No way is O'Hare maxed out. Individual planes may seem that way to guys like Najarian who is still flying, but that's because ALL AIRLINES are trimming flight schedules to the bone - leaving flyers with fewer choices and planes that are actually more full. It does NOT mean that business travelers are 'on the move' and that will be borne out with the upcoming earnings reports.
What this all boils down to is the overly-optimistic crowd is playing the Greater Fools' Game once again. Some players realize it. Most don't. One thing is for certain, not everyone can leave the Greater Fool's Train at the same time once it starts heading in reverse.
yes and the sentiment is being perpetuated by news agencies putting positive spin on very negative news, so that is false sentiment and that is the problem, and that is the main difference now between other times, news agencies used to be far more accurate in the portrayal of earnings reports.