Anyone else seeing flashing red lights? Seriously though are there any hard core bulls out there that can even justify any more relevant upside on the RUT? I think the RUT will lead the boader market down (like it usually does). The question is how many weeks it will front run the S&P. 2-3 imho.
Ya and a 50% drop in buying interest....
Exactly what they were saying in both 2000 and 2007. Nothings changed.
Jca, aso remind them that that the nonsense being thrown about that there are far many bears than bulls is a lie. The vix is near its historical lows. On paper many people are bearish but in the market where it counts there are few bears to be found.
Too many round numbers- dow 15000, s&p 1600, apple 450, rut 950.
I dont predict a retrace. I predict the beginings of a new multi year bear market.
Im at a loss for words. This market is driven by QE and artificially low interest rates. Theres no economic paradigm shift. If there is it will be from energy independence, and thats 5 years or so away....perfect for another 5-6 year bear market followed by a new bull market.
Sorry meant to say "they are bearish on paper but greed crazed hogs in the real market where it counts"
Jobs numbers were disastrous, lets not sugar coat that in bullish propaganda either. What i know is that the market is at an all time high and vix hanging near an all time low. As a poster posted in his post "3 tops 3 frauds" this means that people are bullish on paper but greed crazed hogs in the real market. What i know is that smallcaps lead the way up or down and the RUT chart is not looking good. But that chart fails in comparison to the longterm triple top on the s&p. i also know that history is littered with the tombstones of anyone buying or holding at the s&p 1600 level. No thanks.
Clobbers the $400+ calls and the $400+ puts.
Nothing foolish or greedy about waiting for that last dollar. Squeeze it out. At this point you have so much more to gain than to lose. History has been very kind to those buying or holding at the 1600 area...right?
History is littered with the tombstones of anyone buying or holding at the s&p 1600 level going back 14 years. I agree that boomers ira's are screwed esp the ones late to the party or waiting for that last dollar.
I don't see a simple pullback over the coming months/years, i see a new multi year bear market. History is littered with tombstones of anyone buying or holding at the s&p 1600 level.
Small caps will lead the way down. Look at the RUT chart. That is the real concern bulls should have here. No #$%$ that chart is as bad as they come. I see zero upside here forward for the RUT. I say the small caps fall will frontrun the gen market for a couple weeks before it folds.
Gold would have to fall under $1300 for that to happen. There is a massive shortage of it in China and India right now. Jewelry shops have to wait until late May to early June for shipments from London and Switzerland.
From Wall Street Journal-
“In every corner of China, India and Russia local residents and tourists alike are buying up anything gold,” Huang Feichang, president and CEO of Luk Gold Reserve in Switzerland, said. “I have never seen anything like this in my 40 years in the business.”
Quite frankly we may have seen gold and the miners bottom for quite some time actually. Good luck though.
“In every corner of China, India and Russia local residents and tourists alike are buying up anything gold,” Huang Feichang, president and CEO of Luk Gold Reserve in Switzerland, said. “I have never seen anything like this in my 40 years in the business.”
Golds drop was a calculated and perpetrated fraud. Absolutely nothing has changed since gold was above $1600. In fact the latest US GDP # only insures a continuing of QE and the anticipated ECB rate cut adds fuel to golds fire. When the margin selling ends (this week) and the smoke from the fraud clears gold will be right back where it was along with the miners. There is a massive shortage of gold right now and this is going nowhere but to the miners bottom lines.
Over 1M died in the Rwanda massacre and the US did nothing. Over 50,000 have died in the drug wars in Mexico and we supply them guns (operation fast and furious) etc... Who gives a F about Syria. Worthless part of the world and worthless countrt. Its the Jews that want a war not the US people. Quite frankly, if Israel was nuked the world would probably be at peace for 100+ years.
12 years into a war with afghanistan and people have learned nothing. I used to think Ron Paul was a nut but the more i read and hear bufoons like this the more i respect the man.
Garbage. They sold off their only profitable worthwhile division. Dairy is dying and commodities going nowhere but up over the longterm killing margins. Milk is unhealthy even grade schools are pulling the #$%$ from lunches. Longterm short to 0 short term short to $16
Tydurban i agree with u. These peoples mindset is precisely why we are where we are. They want us in syria, iran, n korea, mexican border, n africa, egypt, afghanistan, iraq etc... Why not just burn the us to the ground now and get it over with.
Ya right. The bullish propaganda has come to an end. The lies, violent pumps and greed was exposed with the gdp #. QE does not work. The Obama administration is broken. The economy is broken. Its over.