Stock Market Today - Intraday discussion - Page 4671  

I think everyone should simply rest assured that this pace is unsustainable... I really wish I was a part of this move... dont get me wrong, but sitting here on the sideline I am encouraged looking at how almost parabolic the DOW is moving... I wish I could be in every profitable move the market makes but unfortunately i did not catch this one but.. the way we are moving we are definitely setting up for something that I will be able to participate in when the timing is right.

 

And that is a fact.

We're getting closer and closer to a bull market.  About 1800 more points or so on the DOW and we'll probably get out of this current bear market and turn it over to the bulls.  As equities were probably overvalued @ 14K, I'd peg anything over 13K or 13.5K as the beginning of the bull market.  I previously stated 14K was the guide, but I may have been a little off on that. It's been a rough two years, but the bear is almost dead, and the bull is beginning to awaken.

like it hasent been a bull market already,.... They will bite eventually. Shorts increased alot today.

your not getting 14Kbefore our bet expires nor is it getting to 14k this year.

JMO.

We are 2/3 (-ish, obviously im making this up) through this cyclical bull market.  But it is most likely that we are still in a secular bear market.  Unless GE makes an arc reactor or the entire world instantly turns to democracy and true free market capitalism or instant deleveraging of the private sector's balance sheet occurs then I wouldn't count on a secular bull market.

What rare earth's are you watching for tomorrow?

 

bluestaq I am currently long SHZ (fifth round trip since Friday open). AVL got a bit ahead of the pack the last two days and therefore it might not be my top pick for tomorrow but it has a lot of curb appeal. REE is probably going to do pretty well. MCP is IMO pretty overpriced (I read that their market cap is twice the value of the entire RE economy), so I'm sticking with lower-priced thinner stocks. There are a bunch in the penny forum that are of more long-term interest like STZYF (but its range last two days is like 30%) and GWMGF. I'm also back in AAU, and will keep my eye on other gold and silver interests which are more of a Chinese rate hike play but there is often spillover between these sectors when things start cooking. And then there are the uranium plays which are possibly still worth a bit more action (tons of those like UEC, URZ, URG, URRE, and even DNN although I'm not saying to get in any of them tomorrow). For the RE plays we might possibly just get a pop then sell into strength and correct back down off the hype... who knows, but the closes were very strong and SHZ for one is up a bit AH so I do expect some follow-through.

rando, thanks for the reply greatly appreciated I'll put them on my radar.

 

On another note, I saw this news piece today about the CFO of Wells Fargo departing unexpectedly and without pay until August..thought it a little fishy.  They're replacing him with the head of Commericial Banking, Real Estate, and Specialized Financial Services. 

 

Posted a similar comment in the WFC thread, but that thread hasn't seen action since last October.

Where is your starting point for this cyclical bull market?  If it's the 09 low, then you must see a double top since that would be approximately another 1/3.  If not, can you be more specific on price/starting point etc...?

 

The ONLY reason we are here today at 12,250 is because the FED has a rope around the bull's neck and is pulling him up the hill. Ben bought up the bonds so the money could be diverted into he market and it worked. The economy is much too weak to sustain these prices on it's own at this point in time. .

 

 

Maybe he's pregnant and doesn't want anybody to find out.

I didn't realize the Fed was buying equities. Keep believing that and you'll keep making that mistake that has continually been made since 6800. It's an absurd philosophy. The economy is not weak. It's expanding and has for the last 1.5 years or so.

 

I've continually heard that Fed nonsense from 6800 to where we are today. This market was and still is undervalued.

 

The sooner many of you here take a step back, reassess, and realize that you have been looking at the picture upside down, the better you'll be off. STOP VIEWING THIS AS A BULL MARKET. We've only recaptured lost ground. We will go to 14K without question!  This is the very same mistake the Bears on here and the rest of the world have made, and it has cost them huge money. I've been screaming this for a long while and only mxdave and BullMarket seems to get it.

 

I'm not being rude, but many of you need to step back, reassess your mentality on this issue, and change direction forthwith. It's not rocket science. It's starring you directly in the eyes.

 

One more bit of opinion... If inflation does not rear it's head within the next year or so, (which it most likely will) and the economy continues to expand, you better dump your gold longs cause it's going to plummet.  

I saw the story on my phone, didn't see how CNBC was spinning it or anything, but to me the CFO of a major Wall St. west coast money center bank is pretty big news.  Yahoo story gave personal reasons as the excuse, and stated that he was leaving immediately but without pay until August.  I can see a person discovering terminal cancer and having only 6 months to live as a personal reason worthy of leaving such a powerful position.  Or, maybe its the rats leaving the sinking ship.  One is left to draw conclusions with such vague details..

 

How is it a mistake?

 

As long as the Fed keeps up quantitative easing which gives the banks millions and billions of basically free dollars to play with, there's a dang good chance we're going to keep going up with smaller corrections here and there. 

 

As soon as the Fed stops and/or raises the interest rates there's a good chance we could start heading down. Maybe we will, maybe we won't but I wouldn't feel as good about holding longs.

 

I was kinda thinking most people stopped thinking about that as a conspiracy theory anyway tho.

The banks aren't giving out loans with that money and they aren't just sitting on it either. They're putting it in the market.

If we apply your logic, why were we @12K, 13K, or 14K a couple years ago before all of this went down. Did the Fed prop it up then, as well?  Monetary control does have some impact, but it didn't take us from 6800 to where we are today or where we're going tomorrow. And, yes a 10%+ pull back is in the cards.

If you think the economy is all peaches and full of candy delights, you sir need to step back from the crack pipe! I have seen you bull dance for way to long here. THE ONLY reason we are at where we are at is from uncle Ben. Look around you! Foodstamps all time high, Foreclosures still going on. Unemployed going off the charts the lists go on and on and on. I mean my god man stop thinking this ferry dust is the real shit. This market is nothing but hft's and uncle bens inflation. Nothing more! They need to hire your ass on cnbc since you fit so well in with the rest of the pump monkeys! Im not a bull or bear, i am a realist!

 

I'll just ignore your illogical nonsense. Thxxx  (You sound a little broke and battered though. And, yes I have been spot on). 

 

PS... Care to compare portfolios? We can all then make the decision who is right and who is wrong.
 

I'm not aware of any QE type activities going on then.

 

And I'm not saying QE accounts for All the activity from 666 up to here and I'm not saying we're going to tank back down to that level if/when they stop QE.

I really do think it had a major impact on us getting up to this level this quickly tho.

 

The longer you continue to act like an arrogant prick, the more I'll laugh when the tides turn against you. It has nothing to do with right or wrong and everything to do with you acting like a prick.

By the way, how much did you lose on Ford in the last two weeks?

thank you

 

There's always a bull market somewhere and I promise to find it for you