Ms. Market is grinding it out, upwards. Apocalyptic perma-bears must be getting frustrated. How is the economy supposed to collapse when the unemployment rate is 4.6%? With long term interest rates around 4.5-5%?
How is the US stock market supposed to collapse even if the US is growing slowly when 50% of S&P revenues come from overseas? Oh well. I think they are in denial and are just wrong.
I see the principal risk as being a recession in China AFTER the 2008 Olympics. I don't really know what's happening there, but IIFFF they are going to pull back, that would be a logical time. Hence I still think we will have a 20% up year with a new all-time high on the S&P 500.
150% long & strong.
PS: Did anyone notice the $SOX broke up out of a long base yesterday? Let's see if it can hold a second day (meaning the break was due to real buyers) or if it fails (meaning virtual buyers drove it over the break point).
PPS: Yesterday's corn & soybean buys worked out. Spring weather looks wetter & it's late in many areas to switch crops from corn to soybeans (have to order seed, fertilizer, etc.). I'll monitor & add if a good entry appears.
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16 comments:
fast money was hyping the sox breakout. like that show.
stock being taken out, not much new supply, public is not involved, but there is always the other side. ill play both. came in 100% long practically but probably gome home with nothing. cramer is getting way too cocky.
"They haven't gone up like this in years, if ever.I don't know what to say; I am a bull and I am flabbergasted. We are not stopping here. We are blowing through 13,000. Just too much good news."
he sickens me
You're probably right. The SOX chart doesn't look like dip buyers did it, unless the shorts were getting nervous & covered since the 50 DMA didn't break last week.
I should have played AMZN. I thought they were dong well since I had recently used them for a number of minor purchases of stuff I didn't want to drive 20 miles (roundtrip) to find somewhere. I suspect they are getting a lift from that behavior & gas prices.
Why spend $5 on gas & 30-40 minutes of one's own time? It's better to pay them $5 shipping.
all out of the AAPL. phew was a bit nervous buying that last bit at 93.13
with this AA news i bet we hit 13000 on the open. ill fade that for a slut
good morning folks, there are some good earnings in four letter stocks yesterday evening, RVBD, DXPE, SILC, let us see how they play out.
I thought Liesman on Bubblevision was pretty stupid saying tha tCEOs should be capital allocators. They have generally stunk at making invetments outside their core businesses, with a few exceptions.
nibbled small on small DOG
nice ticker :-)
every DOG has 15 minutes. took all shorts off the books. the CTX was nice.
next up energy data, to fade or not to fade, that is the question, to fade.
got in on some VLO before they figured another huge draw. nice slut, sold too soon most likely
rosie odonell out on the view
its a sad day LOL
she is grating
I watched three South Park episodes on Tivo last night - hilarious again.
Especially the NAMBLA one.
The Kenny-Eric exorcism one was hilarious, too.
I'm glad Bubble vision changed the anchors for "Power Lunch". It was so worthless and aggravating before.
I'm off to the range for some fun.
Good luck.
Peace.
NAMBLA that was a classic. i cant believe one really exists in real life.
cramer is more horney than a non neutered pit puppy with a new sock
:-)
Range Bunkerman ? I didn't know you played golf. Cool. We play together someday.
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