the s&p is almost like a history lesson it seems, it will come back to a decent % but will never gain the high yeild it had unless we have another conflict.
I am willing to bet we will have some major issues with the nasdaq before the others will turn.
if people only knew what they can do with thier money in times like these, they could make a killing (but have to sit on thier computer for 8 hours like I do)
the gov never starting propping the market just kept the shares intact. thats why this thing is flexing. the bigger wheels will get into a bilge buy and flex the majority and increase the value but they wont hold they monies there for long. I give it 2 weeks and it will be below recession value again.
nothing but a majority holdings drag race to gain consumer/trader cheerleaders for a very short haul
Look at the major intra-day SPX moves overlaid with the Fed POMO actions. 1-1 correlation. It's *shocking* that when you dump $5mm-$1mmm into the market, that the equity mkts would go up as well. Just 100% totally shocking...
it will be funny to watch all those "newbs" trying to make money on a "stock" that they bought and just let it sit, they will pick up the paper one day and see that its half (or worse) than what they bought it for.......chumps
TheJoker - hey, if you'd kept your original target of 660 on the S&P (680? can't find it, search functions are down) as the point where you were going to buy in, you'd have made a killing in the last 6 months.
Too bad you wussed out and lowered your buying target.
Adolf Hitler fixed the German economy by building roads like the Autobahn and the military, like the SS, which is what Obama is doing with the Stimulus Act and Americorps.
Aware, but I've had a few biotechs take off like rockets, which still have me up 80% after my losses on shorts:
DNDN @ 4, and I have been range trading it between 23.5 - 24.5, and now 26.5 - 29.5.
PLX @ 3
OREX @ 3
MELA @ 6
ARNA - Bot $5 calls for .25$ at $2, sold for $5
BCRX @ ~2
And Gold at 850.
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