You're probably right. They will not allow market to tank under Obama's watch. they want to make him a living legend ala FDR.
Nobody has any dry powder left to buy the dips. they are all locked in. Bunch of bag holders all over the market and the streets will be flooded with blood soon.
Any 7-11 store manager can run this company better than that liar yinz got now.
Bernanke prints out money, and there is so much money in the system now that they have to buy stocks with it, because stocks have liquidity. That's how they are keeping the market green. You are right Fester, it is not the right thing to do. They should be using the cash to buy and hire and expand their businesses and giving back to the communities they operate in, but they won't do that because they know this printing habit will end badly, and there is no liquidity in anything other than equities. soon the equities will not be as liquid when they all rush to safety.
just let me win the jackpot tonight.
I agree. I think 1125, but I've been calling that number for a long time, and I am getting bored with it.
I see a run to bonds.
There's not that many shorts left in the market. Majority of trades are on the long side as indicated by the positive money flows. Folks are going to take risk off the table as uncertainty looms.
Everyone knows that printing (borrowing money) to pay debt is just compounding the very problem that causes crisis. They have a huge problem, and that is the reason Bernanke does not want another term.
Nobody has any dry powder left. Every major investment bank is overleveraged in stocks.
Ben will be the only one buying, as everyone else has run out of dry powder. The market has sucked up every last bit of dry powder, and only bagholders remain. Nobody wants to be the last bagholder left in this market. I have a hunch there will be a big run to safety as the Fed will speak tomorrow and Ben will use some scare tactic to help Obama get the debt ceiling raised. It will cause uncertainty and investors will rush for the exit to avoid being the last bagholder.
Do not be surprised to see a crash coming!!! Just a hunch!!!
In NJ, it is illegal to drink coffee or any beverage while driving. It is also illegal to put on make up or eating while driving. KFC better stop perpetrating!!!
They can have all the printed money they can print and buy as much stocks as they can buy and wait as long as they can wait, but we're used to being poor, they aren't. We ain't got much to lose, but they do.
S&P needs an ambulance soon... thank goodness it's covered under BoboCare.