This Fed is so stuck, it's impossible for him to taper. And Grandma Yellen might even be worse. Bernanke has absolutely no exit strategy. This is so unprecedented. The market REALLY needs to sell off, but it won't.
The financial media likes to says we're due for a "little bit of a pullback", instead of just a "pullback", or correction. They carefully choose their words in an effort to prevent any substantive sell off. I'm really sick of all of the media, but I agree with you, I think the market sells off dramatically after the FOMC announcement, and the rest of the week as well.
How can they raise the PPS targets, when the growth is obviously slowing?
I've seen this movie before. Every earnings release they gap it up, only to lose the gains. Nice drug, but it's years away from significant profitability.
They're guiding revenue up 30%....This has to be manipulation.
There's obviously a problem with the report, or something related. The stock doesn't just go up near $47, and crash and burn all the way down to $40 for no reason.....trying to figure this out.
Well we definitely agree on the LNKD comparison. LNKD guided below consensus and needs to fall.....a lot.....
So you think a 20% move, or down about $48 from today's close would mean the bubble popped......Guess what? You're the idiot.
FB is probably a buy around $43-$44.
It's only up about 350% since its IPO, so it's already way overvalued. An earnings beat will probably add to that, although I don't think it will hold the morning gains, given the valuation.
I think we're looking at a new price target of about $205-$210. That may be a buying opportunity near $200.
$43-$45 after earnings is very likely.....
This will all be on Bernanke and then Yellen. They have absolutely no exit strategy. They are stuck in a QE box, which may go on forever. If the middle class really knew what was going on, i.e. the Federal reserve is making the rich richer, while the rest of the country struggles, Occupy Wall Street would look like a picnic at the beach.
Yes, this will all come crumbling down, and it will be the Fed's fault. That's when you'll see economic collapse, and the doves will cry..............(Apologies to Prince).....
I used to laugh at those who constantly blamed the system, conspiracies, etc. But it exactly a conspiracy; a game. That's why I only swing trade, long or short. Get in, then get the hell out in either direction.
The market is up over 100 today....I wouldn't be surprised to see a run at 1800 in a week or two.
I don't know what to say anymore. The market has been parabolic. I didn't think traders were this irresponsible, but they are. I would much rather miss a rally than buy at the top, or near a top.
The Nasdaq has been printing down .11 for the past two hours. I hope the entire market breaks down. I hope we have a blowoff top coming soon.