So now what? You still adding to short position or did you jump out a window? Hopefully not the latter.? Trend is your friiend always till its not...never think you know more than the market or what it's supposed to be doing...quick route to the poor house.
Skeptics of this rally are licking their wounds and questioning their bearish thesis. The next transition will be more and more bulls. Stay tuned as this bull run continues. Is a correction coming? Maybe? Many will eventually be convinced and want to get in. My guess is corrections will be quick as new money pours in.
Back in FAS on Friday...analyst on Bloomberg sees s&p next 1700 and ultimately 1900. Best bull markets always begin with strong financials..and this one is classic. Expecting markets to be strong for at least next 18 months.
Liquidity driven markets are fine but ultimately policy and structural changes must happen to insure increased employment and higher paying jobs. The recent rally may be a vote of confidence in this inevitable outcome. Stay tuned.
I'm happy for you..giving it all back now..you've shown unbelievable stupidity on this move..you're getting crushed .I've even been to conservative although bought bunch of goog last week below 800 and AIG below 40. Better give up trying to predict a top its pure lunacy dare I say moronic.. I do recommend you stop reading my posts you'll start revenge trading...have a nice day.
Don't know how anyone can deny this move? This will go down in history books. I was in high school and a friend's father kept shorting the great bull starting in 1982. We haven't even gotten to the point where everyone loves the market..probably have at least 2-3 years to go with this bull. I would love a 5-10% correction but with FEDs supplying the crack likely not happening for some time.
moron figured out it what it means..moron the upside...hey it's your favorite word for everyone else..thought you like it..more nut crunching coming...heee heee..too bad.
Since we bottomed in low fifties just keeps chugging along now above 55..saw an institutional investor on Bloomberg awhile back and they were expecting 40% rise from these levels.
That's it..no big sell off coming any time soon Financials had to take a break...they have been the market leaders. You dopes expecting a big crash will be waiting some time. We're high on FED policy...hee hee. Long and strong. Althought I'm not long FAS at the moment it needs a breather..haven't been in it for a few weeks.
Oh I thank him daily for putting me in this maze to see how I do. And if I F up I burn..yeh right. That makes a lot of sense.
I bought 3 more shares today..sold some cans I collected. It took me a month. Willing to loan them to you for a short.
Yes nice follow through yesterday..I expect some consolidation and move higher. We shall see. Backing filling and consolidating all very constructive.