The BULL everyone hates

1

fr

just because i have been wrong 100% of the time doesn’t mean you are right.  i am meletio, who has gotten everything wrong this week.

yes.  Greece.  home of boy lovers!  Eat it, pikers!  The market will crash in precisely 2 hours, 31 minutes and 27 seconds!  Raining ACATS chumps!

totally don’t get michelle carusa cabrera.



scag

f

i’m trying to fit in guys. you know, pretend i like girls too.

SHARE PRICES ARE HIGHER ONCE

AGAIN, and we are obviously dead, utterly,

completely wrong in our decision made early in

October to be short of the US market in any way,

shape or form. Our Int’l Index remains well below its

most recent multi-year high made in mid-October just

under 7,700, and the upward sloping trend lines that

had supported the NASDAQ, the S&P, the Dow, the

Russell et al remain broken to the downside, but for

whatever reason, shares have gone higher and we are

wrong to be short.

All of the things we have come to rely upon over thirty

+ years of watching the stock market here in the US

are proving to be worthless. Volume is rising as stocks

fall, while volume wanes as prices rise, but that seems

not to matter, for stocks keep rising. The P/e multiples

are high, but that does not matter; they rise further and

shares move higher. Insider selling swamps insider

buying by margins we’ve not seen before, but that

matters not a whit; share prices continue to advance.

The Dow Transports have not confirmed the strength in

the Dow Industrials, but so what? Shares keep going

higher. Earnings that are good are met with massive

share weakness; while “misses” to the downside are

met by rapid price increases. Thus, either we’ve gone

mad, or the market has, but we wash our hands of it

and leave it to others wiser, or more courageous, or

sillier than we to make sense of it all:

[quote=howboutshoeshine]

SHARE PRICES ARE HIGHER ONCE

completely wrong in our decision made early in

October to be short of the US market in any way,

shape or form. Our Int’l Index remains well below its

most recent multi-year high made in mid-October just

under 7,700, and the upward sloping trend lines that

had supported the NASDAQ, the S&P, the Dow, the

Russell et al remain broken to the downside, but for

whatever reason, shares have gone higher and we are

wrong to be short.

All of the things we have come to rely upon over thirty

+ years of watching the stock market here in the US

are proving to be worthless. Volume is rising as stocks

fall, while volume wanes as prices rise, but that seems

not to matter, for stocks keep rising. The P/e multiples

are high, but that does not matter; they rise further and

shares move higher. Insider selling swamps insider

buying by margins we’ve not seen before, but that

matters not a whit; share prices continue to advance.

The Dow Transports have not confirmed the strength in

the Dow Industrials, but so what? Shares keep going

higher. Earnings that are good are met with massive

share weakness; while “misses” to the downside are

met by rapid price increases. Thus, either we’ve gone

mad, or the market has, but we wash our hands of it

and leave it to others wiser, or more courageous, or

sillier than we to make sense of it all:

Ira- 100% SHORT with use of ETF’s

sweet   

i hope they are trip shorts.



ull be covering in pain



AAII: 33% bulls. always wrong



All bears are welcome to tell us why market should not be going up.



I love that so much.



I heard one tool on CNBC actually say that the market

had “no right” to go up.   funny    



(PS jobs data good for stocks. the longer Ben keeps all you loser bears cash at 1/2 of 1%, the more it finds its way to risk)



lets review again:



1. BRIC   (write on ur hand)



2. market is a discounting mechanism



If u get bearish, repeat 1 and 2 above

[quote=howboutshoeshine]Ira- 100% SHORT with use of ETF’s

[quote=Bud Fox][quote=howboutshoeshine]Ira- 100% SHORT with use of ETF’s

I saw the title and thought someone started a thread to say they hated

<--------------------- BerkshireBULL

I saw the title and thought someone started a thread to say they hated

<--------------------- BerkshireBULL

[quote=BerkshireBull] I saw the title and thought someone started a thread to say they hated

<--------------------- BerkshireBULL

[

Here’s a good reason. The rally is not based on fundamentals

Here’s a good reason. The rally is not based on fundamentals

[quote=downdowndown]
Here’s a good reason. The rally is not based on fundamentals

Sure, but if the stocks are at rather lofty multiples then wouldn’t that assume things would get better. Shouldn’t the dollar then be going up?

The entire mkt now is based on the biggest bang for the buck. It’s controlled by traders playing the dollar dow trade, but it does not really make too much sense. when stocks go up on something that doesn’t make sense…bad things happen. ( tech bubble )…maybe not today but I think soon…plus the volume is slowing as we go up

[quote=downdowndown] Sure, but if the stocks are at rather lofty multiples then wouldn’t that assume things would get better. Shouldn’t the dollar then be going up?

The entire mkt now is based on the biggest bang for the buck. It’s controlled by traders playing the dollar dow trade, but it does not really make too much sense. when stocks go up on something that doesn’t make sense…bad things happen. ( tech bubble )…maybe not today but I think soon…plus the volume is slowing as we go up[/quote]



excellent



short it

hold cash



you should go all in short

maybe trip short

I am !

The dollar is weak?

Wow.    That’s some great insight there.

Maybe we should tell someone?





1100 ish. and next 120 spee points UP quick

You asked for a reason why it should go down. I’ve given one . Why should it go up ( asset managers chasing performance is not a good reason )

Why do you need a reason?  You nor I can predict it, so go with what the market is doing.  A falling currency can be good for the stock market.  Money searches for returns, and a low interest rates combined with a falling dollar is a losing proposition.  IMO, the market is simply a measure of risk acceptance or aversion.  Valuations, currency moves, jobs reports, government policies, and anything else you can think of is nice to talk about, but at the end of the day it is mental doodling.

Why do you need a reason?  You nor I can predict it, so go with what the market is doing.  A falling currency can be good for the stock market.  Money searches for returns, and a low interest rates combined with a falling dollar is a losing proposition.  IMO, the market is simply a measure of risk acceptance or aversion.  Valuations, currency moves, jobs reports, government policies, and anything else you can think of is nice to talk about, but at the end of the day it is mental doodling.

Why do you need a reason? You nor I can predict it, so go with what the market is doing. A falling currency can be good for the stock market. Money searches for returns, and a low interest rates combined with a falling dollar is a losing proposition. IMO, the market is simply a measure of risk acceptance or aversion. Valuations, currency moves, jobs reports, government policies, and anything else you can think of is nice to talk about, but at the end of the day it is mental doodling.

[quote=downdowndown] Alan Skrainka, chief market strategist at Edward Jones said, “We’re pretty upbeat.” Morgan Stanley’s frequently publicized opinions from Mary Meeker included, “The Bull market in stocks shows no indications of slowing down.”[/quote]

I wasn’t bearish until just now.  Do whatever the opposite of what Skrainka is saying.

[quote=downdowndown]



None of it matters until it does!



In late January 2000, Abby Joseph Cohen, chief U.S. market strategist at Goldman Sachs said, “Returns will be good, but not great.” Ralph Acampora of Prudential Securities, another highly respected analyst, saw the main indexes rising perhaps 20% to 25%. “2000 will be, on balance, a very, very good year,” he said on January 8th of that year. He went on to say, “this could last another four or five years.”



     Also, in June of 2000, the USA Today polled several high-profile market “experts” for their outlook on the second half of that year. Thomas Galvin, of the former Donaldson Lufkin & Jenrette firm, predicted stocks would head “much higher”. Alan Skrainka, chief market strategist at Edward Jones said, “We’re pretty upbeat.” Morgan Stanley’s frequently publicized opinions from Mary Meeker included, “The Bull market in stocks shows no indications of slowing down.”[/quote]



great insights



I love u bears talking your book



give me more

Morean…read again…that quote was from the year 2000. My point was that ways to measure stocks do matter. The mkt is very inefficient on the short term. It’s just gambling. Time will produce the truth. It’s not different this time

Never mind, I must be slipping.

[quote=Jebediah]Why do you need a reason?  You nor I can predict it, so go with what the market is doing.  A falling currency can be good for the stock market.  Money searches for returns, and a low interest rates combined with a falling dollar is a losing proposition.  IMO, the market is simply a measure of risk acceptance or aversion.  Valuations, currency moves, jobs reports, government policies, and anything else you can think of is nice to talk about, but at the end of the day it is mental doodling.

[quote=howboutshoeshine][quote=Jebediah]Why do you need a reason?  You nor I can predict it, so go with what the market is doing.  A falling currency can be good for the stock market.  Money searches for returns, and a low interest rates combined with a falling dollar is a losing proposition.  IMO, the market is simply a measure of risk acceptance or aversion.  Valuations, currency moves, jobs reports, government policies, and anything else you can think of is nice to talk about, but at the end of the day it is mental doodling.

None of it matters until it does!

What if there is an 80% chance a hurricane will strike between July 1st and July 14th?

70%?

60%?

50%?

My point in referencing the post about the Dollar V. DOW correlation was that it was fundamental in nature. By that I mean it wasn’t based on the ‘paper’ of stocks as much as the underlying reason.

[quote=howboutshoeshine]

What if there is an 80% chance a hurricane will strike between July 1st and July 14th?

70%?

60%?

50%?

The scariest thing of the asset bubble’ being created by the weak dollar will be that we ( our mkt and our economy will be Japan ) How would liked to have been a broker in Japan for the last 15 years. Slow painful touture



The interlocking nature of Japanese stock ownership, with financial institutions owning large chunks of other companies, had once seemed to be an ingredient of the nation’s economic success, one that contributed to the Nikkei’s 1980s rise. Increasingly, it now came to be seen as a problem, with banks’ stability tied to a volatile equity market.



As Japan moved in and out of recession throughout the 1990s, Japanese stocks put in a lackluster performance, notably contrasting with the bull market taking shape in the U.S. and various other countries. The Nikkei fell below 13,000 in 1998 before rallying to almost 19,000 at end-1999. These gains mostly slipped away in 2000, however, and as equities fell worldwide following the September 11, 2001 terrorist attacks, the Nikkei went lower than 10,000 for the first time since 1984.



On November 14, 2002, the Nikkei sank below the Dow Jones Industrial Average, closing at 8,303 compared to the Dow’s 8,542. This crossing of paths would not last long, but prior to Japan’s lost decade, it would have been difficult to imagine such a thing happening at all. On the last trading day of the 1980s, when the Dow closed at 2,753, the American benchmark had been about one-fourteenth of the high-flying Nikkei.



The rebound that began in 2003 brought the Nikkei from a low of 7,607 on April 30 of that year to 18,261 on July 9, 2007. But a steady descent brought the index into the 13,000 range by mid-2008 and the decline became precipitous as equities around the world deflated last September. With the Nikkei lately still mired in four digits, Japan’s economic debacle is ongoing, and the lost decade now threatens to stretch into a pair of lost decades.

[quote=Jebediah][quote=howboutshoeshine]

What if there is an 80% chance a hurricane will strike between July 1st and July 14th?

70%?

60%?

50%?

There is also a ton of companies that buy goods from overseas. I sure can’t see advantage as an individual have my currency decline in value on a daily bases. consumer 2/3 of gdp. On a side note about our problems …the banks are now treating forclosures as if they were OPEC. they open up and let a few out each month as they are still holding a ton of them on the books.   which after all was the root of the problem in the first place

YOU GUYS DO KNOW THAT DOWNDOWNDOWN IS THE GUY PRETENDING TO BE THE REAL MELETIO, DON’T YOU?

LET IT RAIN!!!  WATCH THE MARKET FALL.  DOLLAR IS WEAK.  WE’RE GOING TO END UP JUST LIKE JAPAN.

[quote=meletoi] YOU GUYS DO KNOW THAT DOWNDOWNDOWN IS THE GUY PRETENDING TO BE THE REAL MELETIO, DON’T YOU?LET IT RAIN!!! WATCH THE MARKET FALL. DOLLAR IS WEAK. WE’RE GOING TO END UP JUST LIKE JAPAN.

[/quote]





?

TAKE A LOOK AT THE GRAPHS THE FAKE MELETIO POSTED.  SAME SOURCE.

Who are you ?

There is also a ton of companies that buy goods from overseas. I sure can’t see advantage as an individual have my currency decline in value on a daily bases. consumer 2/3 of gdp. On a side note about our problems …the banks are now treating foreclosures as if they were OPEC. they open up and let a few out each month as they are still holding a ton of them on the books.   which after all was the root of the problem in the first place

Get your fact correct before you tell someone they have no idea what they’re are talking about.





Banks aren’t reselling many foreclosed homes



Carolyn Said, Chronicle Staff Writer



          



A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.



Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data sources. And foreclosures, which banks unload at fire-sale prices, are a major factor driving home values down.



“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac, which compiles nationwide statistics on foreclosures. “California probably represents 80,000 of those homes. It could be disastrous if the banks suddenly flooded the market with those distressed properties. You’d have further depreciation and carnage.”

Inflation did not spur the demand for homes, easy money did.

Get your fact correct before you tell someone they have no idea what they’re are talking about.


Banks aren’t reselling many foreclosed homes

Carolyn Said, Chronicle Staff Writer

          

A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.

Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data sources. And foreclosures, which banks unload at fire-sale prices, are a major factor driving home values down.

“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac, which compiles nationwide statistics on foreclosures. “California probably represents 80,000 of those homes. It could be disastrous if the banks suddenly flooded the market with those distressed properties. You’d have further depreciation and carnage.”

[quote=downdowndown]Get your fact correct before you tell someone they have no idea what they’re are talking about.





Banks aren’t reselling many foreclosed homes



Carolyn Said, Chronicle Staff Writer



          



A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.



Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data sources. And foreclosures, which banks unload at fire-sale prices, are a major factor driving home values down.



“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac, which compiles nationwide statistics on foreclosures. “California probably represents 80,000 of those homes. It could be disastrous if the banks suddenly flooded the market with those distressed properties. You’d have further depreciation and carnage.”



[/quote]

WHAT DID I TELL YOU?

LET IT RAIN!!!

wrong again.

Banks Purposely Holding Off the Market a Vast Inventory of Foreclosed Homes



By editor|Apr 8, 2009, 12:56 PM|Author’s Website



Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data source.



“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac, which compiles nationwide statistics on foreclosures.



“There is a real danger that there is much more (foreclosure) inventory than we are measuring,” said Celia Chen, director of housing economics at Moody’s Economy.com.

…

In the Bay Area, a Chronicle analysis of data from San Diego’s MDA DataQuick shows that more than one-third of foreclosures are in shadow territory - that is, they are not registering in county records as having been resold.



For the 26 months from January 2007 through February 2009, banks repossessed 51,602 homes and condos in the nine-county Bay Area, according to DataQuick. Yet in the same period, only 30,823 foreclosures were resold, leaving about 20,000 bank repos unaccounted for. [via San Francisco Chronicle]



This article seems to suggest that the very banks that issued the toxic loans are now purposely creating a housing shortage in order to artificially depress foreclosure numbers and in the process drive up the value of their inventory. According to vice president of RealtyTrac, in a normal market, there are 160,000 (foreclosures for sale nationwide) over the course of a year. Right now, there are about 80,000 every month.” That should give you a sense on the severity of the situation.

[quote=downdowndown]Get your fact correct before you tell someone they have no idea what they’re are talking about.


Banks aren’t reselling many foreclosed homes

Carolyn Said, Chronicle Staff Writer

          

A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.

Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data sources. And foreclosures, which banks unload at fire-sale prices, are a major factor driving home values down.

“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac, which compiles nationwide statistics on foreclosures. “California probably represents 80,000 of those homes. It could be disastrous if the banks suddenly flooded the market with those distressed properties. You’d have further depreciation and carnage.”

SEE, THIS IS THE SAME PUNK WHO THINKS HE KNOWS EVERYTHING.  LOOKS LIKE AN OPINION PIECE TO ME.

LOOKS LIKE THE INFO IS FROM THE SAN FRANCISCO CHRONICLE.  THE BRAIN TRUST IS AWESOME THERE.

LET IT RAIN!!!

thank you

Inflation did not spur the demand for homes, easy money did.

[quote=LSUAlum][quote=downdowndown]Get your fact correct before you tell someone they have no idea what they’re are talking about.


Banks aren’t reselling many foreclosed homes

Carolyn Said, Chronicle Staff Writer

          

A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.

Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data sources. And foreclosures, which banks unload at fire-sale prices, are a major factor driving home values down.

“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac, which compiles nationwide statistics on foreclosures. “California probably represents 80,000 of those homes. It could be disastrous if the banks suddenly flooded the market with those distressed properties. You’d have further depreciation and carnage.”

The price appreciation was caused by liar loans and people flipping houses the day they bought them. With the mass marketing of interest only loans people who could never remotely afford a home were blind to the price and were standing in line to compete to buy homes. I live in Florida I know for a fact. I saw it happen. With out the easy money home prices would have gone up the usual 3-6 % per years as they always have.

As far as your underwriting “lesson” that was brushed to the side during the crazyness. Big banks were buying everything they could and all involved ( agents, mortgage brokers, lenders, appraisers )were blinded by greed.

Deflation is the major concern, by no stretch of the imagination have we beat deflation yet. That is why all policies are in place right now. Housing for example…We were flooded with supply that now sits off the market in bank books. We have small increase in demand due to cheap money however, place those homes on the the market and POW BOOM BLAT!! Prices will fall like a ton of bricks. that is deflation. Why is a STRONG dollar govt. allowing US dollar to fall? Keeps the cheap money trade alive. US follows their “supposed” policy BOW BOOM CRACK!!! Prices fall like a ton of bricks!! Again deflation. Govt. spending…Cash for clunkers, home buyers credit etc. all examples of combating deflation, or creating a false demand by making products cheaper for the consumer( deflation ) with the use of YOUR tax dollars. Either way, the fight is still against DEFLATION

The price appreciation was caused by liar loans and people flipping houses the day they bought them. With the mass marketing of interest only loans people who could never remotely afford a home were blind to the price and were standing in line to compete to buy homes. I live in Florida I know for a fact. I saw it happen. With out the easy money home prices would have gone up the usual 3-6 % per years as they always have.
As far as your underwriting “lesson” that was brushed to the side during the crazyness. Big banks were buying everything they could and all involved ( agents, mortgage brokers, lenders, appraisers )were blinded by greed.

now you’re just being a d*** b/c I disagree. I’m done with you . See yah

Deflation is the major concern, by no stretch of the imagination have we beat deflation yet. That is why all policies are in place right now. Housing for example…We were flooded with supply that now sits off the market in bank books. We have small increase in demand due to cheap money however, place those homes on the the market and POW BOOM BLAT!! Prices will fall like a ton of bricks. that is deflation. Why is a STRONG dollar govt. allowing US dollar to fall? Keeps the cheap money trade alive. US follows their “supposed” policy BOW BOOM CRACK!!! Prices fall like a ton of bricks!! Again deflation. Govt. spending…Cash for clunkers, home buyers credit etc. all examples of combating deflation, or creating a false demand by making products cheaper for the consumer( deflation ) with the use of YOUR tax dollars. Either way, the fight is still against DEFLATION

OK LSUALUM,

[quote=howboutshoeshine]Deflation is the major concern, by no stretch of the imagination have we beat deflation yet. That is why all policies are in place right now. Housing for example…We were flooded with supply that now sits off the market in bank books. We have small increase in demand due to cheap money however, place those homes on the the market and POW BOOM BLAT!! Prices will fall like a ton of bricks. that is deflation. Why is a STRONG dollar govt. allowing US dollar to fall? Keeps the cheap money trade alive. US follows their “supposed” policy BOW BOOM CRACK!!! Prices fall like a ton of bricks!! Again deflation. Govt. spending…Cash for clunkers, home buyers credit etc. all examples of combating deflation, or creating a false demand by making products cheaper for the consumer( deflation ) with the use of YOUR tax dollars. Either way, the fight is still against DEFLATION

To: Shania Twain, Iceco1d, LSUalum, Jebediah, and Morea: the discussion on the mkt allowed you all to use your brains and it was an ok forum. Guess what it’s me MELETIO. I though you losers were not debating with me anymore. Suckers !!!

To: Shania Twain, Iceco1d, LSUalum, Jebediah, and Morea: the discussion on the mkt allowed you all to use your brains and it was an ok forum. Guess what it’s me MELETIO. I though you losers were not debating with me anymore. Suckers !!!

To: Shania Twain, Iceco1d, LSUalum, Jebediah, and Morea: the discussion on the mkt allowed you all to use your brains and it was an ok forum. Guess what it’s me MELETIO. I though you losers were not debating with me anymore. Suckers !!!

TOLD YOU GUYS. IT’S OK, PRETEND MELETIO. I TEXTED EVERYBODY, THEY DECIDED TO KEEP FCUKING WITH YOU.



LET IT RAIN!!!

a week ago.    I love it.

so much cash.   so many missing it.

4% pullback bears start telling us they told you so.

This is really wonderful.

"lurking doubts launch sell off"



bwahahhahaahhahahahahahahahhahahahahah

for six mf days hahahahahahahahahaha



look at the GD picture. a week and new HIGHS   how funny



bric





Lurking doubts launch a sell-off

Weak consumer data deflate stock market by more than 2 percent



After closing above 10,000 this month for the first time in a year, the Dow tumbled 249.85 points Friday. (Richard Drew/associated Press)







By Renae Merle

Washington Post Staff Writer

Saturday, October 31, 2009



Wall Street recorded its sharpest drop in six months Friday as investors, who have been groping for evidence that an economic recovery is gaining steam, responded to renewed signs of weakness calling into question how vigorous the rebound might be.



The stock market was off more than 2 percent after the government reported a significant drop in consumer spending, which has traditionally been the engine of American economic growth. Investors have been looking for consumers to help propel the economy forward once several government programs that have jump-started the economy expire.



Those initiatives, including the popular “Cash for Clunkers” program, were behind the surprisingly strong quarter of growth this summer. After the government reported Thursday that gross domestic product was up 3.5 percent, the stock market soared even as some skeptics warned that it might be difficult to sustain strong economic activity.



Just a day later, the big gains were wiped away after a new batch of data underscored those lingering concerns, showing that consumer spending fell 0.5 percent in September. Although some kinds of consumer spending showed new signs of life, overall it was the biggest decline in nine months. The spending accounts for more than two-thirds of economy and has not shown convincing evidence of a comeback as unemployment rises.



Overlaid on those worries about the broader economy are gnawing doubts regarding the tremendous run up in stocks over recent months. The market has jumped more than 50 percent since reaching a low point in March, but now investors are questioning whether stocks have raced too far ahead.



Fear has crept back into the market. The Chicago Board Options Exchange’s Volatility Index, which measures how much investors expect stocks to swing, soared 24 percent Friday to its highest level since July.



Stocks were down in all major sectors Friday, including all 30 companies in the blue-chip Dow Jones industrial average, which suffered its largest point drop since April. The Dow reached a milestone earlier this month when it closed above 10,000 for the first in more than a year. But it fell 2.51 percent or 249.85 points Friday to close at 9712.73, nearly where it started the month.



The Standard & Poor’s 500-stock index fell nearly 3 percent Friday, leaving it down on monthly basis for the first time since February. The S&P was off 29.93 points to close at 1036.18, while the tech-heavy Nasdaq composite index slid 2.50 percent or 52.44 points to 2045.11. The Nasdaq was down 3.6 percent this month.



The sell off on Wall Street weighed on European markets, which lost steam Friday afternoon. London’s FTSE fell nearly 2 percent, while the Dax in Germany tumbled more than 3 percent.





“A lot of professional traders have made their bonuses already. Why would they want to take on additional risk at this time especially when they have serious questions about the fundamentals of the economy,” said Matt McCormick, portfolio manager and banking analyst at Bahl & Gaynor Investment Counsel, an investment management firm.



After rallying for months on expectations that the economy would improve, investors are now taking a critical look at the evidence. Of particular concern is what will drive the economy next year as economic stimulus measures wind down, analysts said.



“Investors are trying to look past that, the stimulus, to see what is it we’re ultimately going to be left with after the government isn’t there to prod spending through,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago.



Instead of continuing to drop, stocks might level off, Ablin said, and then "tread water while we wait for incremental improvement in the economy and [corporate] profits. Investors are looking for organic growth in the economy."



While analysts had expected spending on autos to slow once the Cash for Clunkers program concluded, the slump in this sector still highlighted how anemic the consumer economy remains.



“The government handed the ball off to the consumer and the consumer fell on it,” said Robert G. Smith, chairman of Smith Affiliated Capital in New York. "This is a function of there being no jobs and wages going lower."



The sell-off on the stock market also reflected a report released Friday showing a decline in consumer sentiment this month, analysts said. The Reuters/University of Michigan consumer sentiment index fell to 70.6 in October, compared with 73.5 in September.



Some of the decline in stock prices could also reflect short-term profit taking after Thursday’s gains, analysts said.



Many high-quality stocks are still cheap, according to Sacha Millstone, senior vice president of investments at Millstone Evans Group of Raymond James & Associates.



“Before, the market started to rally because there were signs of an economic recovery. We realized it wasn’t going to be Armageddon after all, but people questioned whether the recovery” would materialize, she said. "Now we are in an economic recovery and we’re questioning whether it is really going to be a strong recovery, what is it going to look like?"







After closing above 10,000 this month for the first time in a year, the Dow tumbled 249.85 points Friday. (Richard Drew/associated Press)

“Many high-quality stocks are still cheap”, according to Sacha Millstone, senior vice president of investments at Millstone Evans Group of Raymond James & Associates.

fritz? my man



have you come from the dark side?

[quote=howboutshoeshine]OK LSUALUM,

Anybody curious as to what time the market is going to tank today?

Anybody curious as to what time the market is going to tank today?

[quote=Moraen]Anybody curious as to what time the market is going to tank today?

My crystal ball says reduce equities to the lower end of your clients asset allocation models.

My crystal ball says reduce equities to the lower end of your clients asset allocation models.

I called s&p500 to 1000 by year end at the end of February. I was actively moving overweight equities. In the last month we have begun to take our profits both for protection of clients portfolios and to give them a chance to feel good about making some money and cashing it in. It may not be bold, I believe it is the right course of action.

I called s&p500 to 1000 by year end at the end of February. I was actively moving overweight equities. In the last month we have begun to take our profits both for protection of clients portfolios and to give them a chance to feel good about making some money and cashing it in. It may not be bold, I believe it is the right course of action.

I hope you’re right, we’ll pull profits again.

close above 1100…1250 quick

Hey Shania, what was the call for the end of November by our friend? 950? 940?

940

And his calls on SH I am sure are blasting into the stratosphere.

[quote=Wet_Blanket]

940

And his calls on SH I am sure are blasting into the stratosphere.

[quote=saywhat] [quote=Wet_Blanket]

940

And his calls on SH I am sure are blasting into the stratosphere.

So that means the S & P will have to drop over 15% for the month, which has happened exactly once in the past 20 years.

So that means the S & P will have to drop over 15% for the month, which has happened exactly once in the past 20 years.

[quote=Moraen]So that means the S & P will have to drop over 15% for the month, which has happened exactly once in the past 20 years.

In case you guys can’t see…you are in for a long slow water torture bleed. good luck !

YOU SEE?!!?!?!? I GET MY INFO FROM A GUY WHO HAS A PH.D IN ENGLISH SUCKAS! HE’S A GENIUS! HE WAS IN IT LIKE PERMABEAR. IN FACT, HE MIGHT BE PERMABEAR. GENIUS!



YOU SHOULD ALL LISTEN TO HIM. FORGET THOSE PEOPLE AT YOUR FIRMS WITH PH.D’S IN ECONOMICS AND CFPS AND CFAS, THIS GUY HAS AN AAMS!



LET IT RAINS SUCKAS. 950 SP. YOU SUCKAS ARE GONNA DROWN IN THE RAIN!



RAINDROPS!

The fake meletio doesn’t realize that it’s a chart of What has happened. It’s as simple as plotting numbers on a graph, no guess work involved

I AM THE REAL MELETIO. I GET MY SOURCES FROM GUYS WITH PH.D’S IN ENGLISH. WOW. I’LL FIND IT AT ANOTHER SITE AND POST IT TOO.



LET IT RAIN!!!

NOT TO MENTION THAT I CAN OVERLAY A CHART OF HISTORICAL TEMPERATURES THE LAST TWENTY YEARS AND THEN THE PREVIOUS TWENTY YEARS AND GUESS WHAT? THEY’LL BE MIRRORED. I’M A GENIUS SON!



LET IT RAIN!



I USE DATA LIKE STORMSHADOW USES A NINJA SWORD! I’M LIKE THE LION-O OF INVESTING!



THE SWORD OF OMENS HAS GIVEN ME SIGHT BEYOND SIGHT B*TCHES!



LET IT RAIN!

SOUND FAMILIAR …7 years later the mkt was still going down !



October 29, 1929 – Stock Market Crashes!



BROKERS BELIEVE BOTTOM IS REACHED; Others Say a Sharp. Recovery Is in Order.

-October 30, 1929 (Glad they covered both sides of the story!)



“FISHER SAYS PRICES OF STOCKS ARE LOW; Quotations Have Not Caught Up With Real Values as Yet, He Declares. SEES NO CAUSE FOR SLUMP”

-October 22, 1929



“Time to Buy Stocks” John J. Raskob, one of the country’s leading industrial and political leaders

-October 30, 1929



Headline “INSURANCE HEADS URGE TO BUY STOCKS”

-October 30, 1929



ROCKEFELLER BUYS, ALLAYING ANXIETY; Elder Financier Says Business Status Does Not Warrant the Destruction of Values. October 31, 1929 (Remember Warren Buffet in Sept 2008?)



Stocks Up in Strong Rally; Rockefellers Big Buyers; Exchanges Close 2-1/2 Days

– New York Herald Tribune, October 31, 1929



SEES NEW BULL MARKET.; President of Philadelphia Stock Exchange Makes Predictions.

-November 22, 1929



BANKING CIRCLES SEE TURN FOR THE BETTER; Several Developments Cited as Presaging Recovery of the Stock Market. -November 15, 1929



HOOVER CALLS LEADERS OF NATION TO CONFER ON WAYS TO SPUR BUSINESS;

-November 16, 1929



Headline: The Quieting-Down of Wall Street–Aspects of Government’s Relief Projects.

-November 25, 1929



“The Government’s business is in sound condition.”

Andrew W. Mellon, Secretary of the Treasury

-December 5, 1929



RESERVE BANK AREAS FORECAST NEW YEAR

Despite the obvious slackening of the pace of business at the close of the year, leaders in banking and industry throughout the country maintain an optimistic attitude toward the prospects for 1930.

-January 1, 1930

I just found a photo of meletoi on the internet

[quote=mlgone]

your just a failed daytrader who is pissed at the world because you lost your Life Partners 5k IRRA.[/quote]





life partners 5k ira

funny

[quote=Moraen]So that means the S & P will have to drop over 15% for the month, which has happened exactly once in the past 20 years.

[quote=SometimesNowhere][quote=Moraen]So that means the S & P will have to drop over 15% for the month, which has happened exactly once in the past 20 years.

I don’t know who this meletio guy is but whoever posted those charts comparing 1929 to present is dead on . be very careful

I don’t know who this meletio guy is but whoever posted those charts comparing 1929 to present is dead on . be very careful

what?

Somebody help. I’m new to this board and people are calling me meletio. is this some kind of private joke I don’t know about ?

I don’t know who this meletio guy is but whoever posted those charts comparing 1929 to present is dead on . be very careful

[quote=correction] I don’t know who this meletio guy is but whoever posted those charts comparing 1929 to present is dead on . be very careful

Somebody help. I’m new to this board and people are calling me meletio. is this some kind of private joke I don’t know about ?

[quote=correction]Somebody help. I’m new to this board and people are calling me meletio. is this some kind of private joke I don’t know about ?

definition of an up mkt-a occasional event that occurs in which ordinary douchbags such as Jebediah get the impression that they know something

[quote=Shania Twain] [quote=correction] I don’t know who this meletio guy is but whoever posted those charts comparing 1929 to present is dead on . be very careful

Man you guys must really hate this meletio guy.

^^you’re a poser…get lost perv boy

^^you’re a poser…get lost perv boy

[quote=Mr. Sunshine] ^^you’re a poser…get lost perv boy

[quote=correction] [quote=Mr. Sunshine] ^^you’re a poser…get lost perv boy

mel,

ur intial all-in short 'I knew it" call at spx 1040 ain’t doing to good.



hpq monster blow out number

a little takeover just for kicks

bust through 08 gap (tarp times) {man, that shti sucked. down 300 like every mf day)



I have a feeling we are close to a greed capitulation (I GOTTA GET IN) F the shorts monster move up here.



So much cash on sidelines   

U see trim tabs?   the small guy has not ever SNIFFED this run (US equities net OUTFLOWS)

we could see a plus 500 hundy day



the CASH is KILLING people.   “whats my money market paying?” well its .3%

bwahahhahahahahahahhahahahahahahhaha



fund managers in cash   so screwed.



Cabot (my hero) turned off yellow flag



100-150 SPX so fast your head will spin



this is a wonderful thing



BRIC



buy strength.

[quote=Shania Twain] mel,

ur intial all-in short 'I knew it" call at spx 1040 ain’t doing to good.



hpq monster blow out number

a little takeover just for kicks

bust through 08 gap (tarp times) {man, that shti sucked. down 300 like every mf day)



I have a feeling we are close to a greed capitulation (I GOTTA GET IN) F the shorts monster move up here.



So much cash on sidelines   

U see trim tabs?   the small guy has not ever SNIFFED this run (US equities net OUTFLOWS)

we could see a plus 500 hundy day



the CASH is KILLING people.   “whats my money market paying?” well its .3%

bwahahhahahahahahahhahahahahahahhaha



fund managers in cash   so screwed.



Cabot (my hero) turned off yellow flag



100-150 SPX so fast your head will spin



this is a wonderful thing



BRIC



buy strength.



[/quote]





Hp down in after hours. all good news is baked in the cake. Mkt is tired …the entire month on Nov has been up on pathetic volume,

Only big volume days are when it goes down. mkt at 17 times forward earnings that don’t exist. The only reason companies are beating numbers is the numbers were too low. It’s a new world twain.

read this.





Stock markets around the world are off nearly 50% from their 2007 highs. The credit markets have mostly frozen. The U.S. financial services industry is a shadow of its former self, causing severe disruptions in the operations of the global financial infrastructure. Losses on mortgaged-backed securities and other debt products tied to U.S. consumers have blown gaping holes in the balance sheets of the largest banks worldwide and have even bankrupted entire countries. Unfortunately, the pain is far from over. In fact, it is likely just beginning.



We are currently experiencing the rumblings of a global economic realignment which reflects the realities of wealth creation and dissipation that have evolved over the past three decades. Although most modern economists are completely unaware, wealth is created through savings, investment, and production. Wealth is destroyed by borrowing for uneconomic purposes and by spending on goods and services that produce no long-term benefit.



Living standards are supposed to rise where wealth is produced and to dissipate where it is destroyed. Like gravity, these forces can only be overcome through tremendous effort. The accumulation of trillions of dollars in U.S. budget and trade deficits, and a corresponding swell in foreign exchange reserves held by Asian central banks, have been the mechanisms which have, thus far, maintained the status quo. But, given the dangerous imbalances these policies create, the global commitment cannot endure perpetually.



The crisis had its roots in the easy monetary policies pursued by the Alan Greenspan-led Federal Reserve, and the strategic decisions of the Asian governments to support the value of the dollar through unlimited lending to the United States. The result was a massive misallocation of resources that inflated bubbles in the U.S. housing and equities markets.



An economic realignment that reflects underlying economic realities will gain momentum in the coming years. I feel strongly that investors who recognize this trend have the ability to position their portfolios in order to maintain their wealth.



Despite a 50% decline in the U.S. equities markets since the end of 2007, we believe that U.S. stocks remain substantially overvalued given the likely declines in earnings that have yet to be realized by U.S. corporations. As such, we are bearish on the broad U.S. stock market and only find value in certain carefully selected U.S. equities: those companies that are export-oriented and/or commodities-based, primarily in the mining and energy sectors.



Although the nominal declines in U.S. stocks may be arrested by the ongoing bailouts and stimuli, the real value of the assets will nonetheless decline with the resulting inflation. This phenomenon will confuse lay investors, and probably most pundits, into believing that a recovery is underway. Our analysts will be indexing any nominal recovery against realistic inflation figures to make investment decisions based upon real economic trends.





Keep riding your momentum train just like they did in the dot com bubble. the weak dollar is inflating everything and when it pops you will be out of a job.





S & P 950 by the end of Nov 09…

Meletio told me to write all this



    

One more thin Twain. If you get a chance read all the post from the real meletio the fake meletio and everyone involved in the back and forth comments. It would make a great SNL skit. I read it to my wife and it’s really quite hilarious.

One more thin Twain. If you get a chance read all the post from the real meletio the fake meletio and everyone involved in the back and forth comments. It would make a great SNL squit. I read it to my wife and it’s really quite hilarious.

[quote=correction]One more thin Twain. If you get a chance read all the post from the real meletio the fake meletio and everyone involved in the back and forth comments. It would make a great SNL squit. I read it to my wife and it’s really quite hilarious.

a wide array of sectors, including banks, REITs, Telecom and utilities, are lagging badly and remain beneath their October highs. Wilshire 5,000 and Russell 2,000

[quote=howboutshoeshine]a wide array of sectors, including banks, REITs, Telecom and utilities, are lagging badly and remain beneath their October highs. Wilshire 5,000 and Russell 2,000

One more thin Twain. If you get a chance read all the post from the real meletio the fake meletio and everyone involved in the back and forth comments. It would make a great SNL skit. I read it to my wife and it’s really quite hilarious.

[quote=iceco1d] Shania,My friendly words to you, are to tread lightly. Truthfully, there are many parts of what fellatio just posted that I can agree with; or at least acknowledge the possibility of those scenarios playing out over the next few years. Only time will tell - there are far too many parts for anyone to know exactly what is going to happen. I like your enthusiasm Shania; just don’t get carried away.

[/quote]



Crowd is ALWAYS wrong in this game.



In 26 years i have NEVER seen so many who hate this bull.

have never seen SO many people convinced it HAS to go down.



Always remember,



if everyone a bear



aint no one left to sell…



I think the classic sentiment numbers are more bullish the then surface numbers.



   Look at Investers Intellegence. i think it was 44% bulls this week BUT if you read EVERYONE has a qualifier. Its nervous bulls who really dont have conviction.



stay invested.   BRIC buy the power names with good charts



The day Ben changes the lingo in the fed statement to start raising rates…you can trim some.



SPX might be 1400ish by then



THE CROWD IS ALWAYS WRONG.



July 08 to Mar 09 the market TRAINED people to be afraid.

That cash was king.



the TRAP was too much cash.



This aint 37 or 75



its 1982



BRIC   THE REAL STORY    



BILLIONS MORE PEOPLE OPERATING IN FREE MARKETS.



THE INDUSTRIAL REVEVOLUTION TIMES 1000



obama, subprime, us consumer etc all astrisks in history



bric is the REAL STORY



world changed nov 20, 2008

[quote=correction] [



[/quote]



dude thats funny

the funnier thing is he scanned it from his wedding album

[quote=mlgone] Meletio your such a tool I gotta admit it’s fun to kill you everynight.





easymoney[/quote]



why do you guys keep calling me meletio. It’s flattering but I don’t get it

[quote=mlgone] cause your gay. Meletio is gay. Your post suck. Meletio post suck. Your an idiot. Meletio is an idiot. Your a permabear. Meletio is a permabear. You are a failed FA. Meletio is a failed FA. Your market calls are wrong. Meletio market calls are wrong. You have a new sign on name everyday. Meletio has a new sign on name everyday.





I am going to stop now because even you Meletio realize your an pathetic idiot and failed FA who is pissed he lost all his Life Partners 5k IRRA on SDS.



Dumbarse have another lonely c***tail[/quote]



tell your sister goodnight for me !

Walmart’s setting the tone for the start of something very ugly.

Hope your ready Twain.

Also Mr. Sunshine and Jebediah…it’s time to get up out of bed help each other get showered and get to work !

THAT’S RIGHT SUCKAS!  S & P 950 BY THE END OF THE MONTH.  BLACK FRIDAY IS GONNA BE BLEEDING RED LIKE A SUMB*TCH.  AWWWWW YEEEEEAAAAH! 

WAL-MART IS TAKING A PLAY FROM APPLE’S PLAYBOOK AND DOWNPLAYING NUMBERS, BUT WHATEV, I’M GONNA BE KILLING IT ON MY SHORT’S.

WHO CARES IF THE MARKET IS UP TODAY AND UNEMPLOYMENT RATE IS GOING DOWN.  IT’S STILL RAINING.  IT’S STILL GONNA RAIN ACATS ON YOU SUCKAS!

I’M LIKE LION - O, EXCEPT I’M MELETI-O.  I GOTS THE SWORD OF OMENS AND AND I CAN SEE THE FUTURE.

LET IT RAIN!

THAT’S RIGHT SUCKAS!  S & P 950 BY THE END OF THE MONTH.  BLACK FRIDAY IS GONNA BE BLEEDING RED LIKE A SUMB*TCH.  AWWWWW YEEEEEAAAAH! 

WAL-MART IS TAKING A PLAY FROM APPLE’S PLAYBOOK AND DOWNPLAYING NUMBERS, BUT WHATEV, I’M GONNA BE KILLING IT ON MY SHORT’S.

WHO CARES IF THE MARKET IS UP TODAY AND UNEMPLOYMENT RATE IS GOING DOWN.  IT’S STILL RAINING.  IT’S STILL GONNA RAIN ACATS ON YOU SUCKAS!

I’M LIKE LION - O, EXCEPT I’M MELETI-O.  I GOTS THE SWORD OF OMENS AND AND I CAN SEE THE FUTURE.

LET IT RAIN!

stay short.  It seems to be working for you

[quote=mlgone]stay short. It seems to be working for you

[quote=howboutshoeshine]a wide array of sectors, including banks, REITs, Telecom and utilities, are lagging badly and remain beneath their October highs. Wilshire 5,000 and Russell 2,000

ASSET ALLOCATION CANNOT POSSIBLY WORK, SINCE PEOPLE HAVE TWO, EVEN THREE TIMES MORE MONEY THAN THEY HAD BEFORE.  ONLY PEOPLE WHO ARE SHORT WILL MAKE MONEY.  EVER.

WE ARE GENIUSES.  AND WHEN THE MARKET CRASHES AGAIN, YOU SUCKAS WILL SEE IT RAIN DOWN LIKE MONSOON, "BOOM!  EXPLOSION, OVERPOWERIN’, OVER THE COMPETITION, I’M TOWERING…"

I KNOW YOU THINK JUST BECAUSE YOUR CLIENTS MADE MONEY THAT IT’S OK TO BE LONG.  ACTIVE MANAGEMENT SUCKS TOO.  ONLY BEING SHORT IS GOOD. 

ACTUALLY BUYING THINGS CHEAP DOESN’T WORK EITHER.

LET IT RAIN!

SWORD OF OMENS GIVE ME SIGHT BEYOND SIGHT!  I LOVE VOLTRON, ESPECIALLY THE YOUNG VOLTRON AND THE YOUNG LION-O.

actually has.  But I don’t stay long… I anticipate and trade the market.  Reallocate, exchange etc.  I don’t do the buy and hold.   Grasp that

ALSO, I WANT TO POINT OUT THAT IF THE DOW 30 IS NOT DOING IT THEN THE MARKET IS OUT OF LUCK.  IT IS THE “REAL” MARKET.  FORGET ALL OF THE OTHER COMPANIES.

LET IT RAIN!!

actually has. But I don’t stay long… I anticipate and trade the market. Reallocate, exchange etc. I don’t do the buy and hold. Grasp that

early 06 dollar low is toast.  soon

ALSO, I WANT TO POINT OUT THAT IF THE DOW 30 IS NOT DOING IT THEN THE MARKET IS OUT OF LUCK.  IT IS THE “REAL” MARKET.  FORGET ALL OF THE OTHER COMPANIES.

LET IT RAIN!!

[quote=Shania Twain]

early 06 dollar low is toast.  soon

down 15% last year in a total asset deflation sell off. Up 20.5% as of yesterday in a 45/55 E/FI split with 23% international. Modertly conservation portfolio. Taking less than half the risk of the s&p and returning more. And that’s only one. go away

[quote=mlgone]

down 15% last year in a total asset deflation sell off.  Up 20.5% as of yesterday in a 45/55 E/FI split with 23% international.  Modertly conservation portfolio. Taking less than half the risk of the s&p and returning more.  And that's only one.  go away

I give you the allocation to back test…but then again I like you stupid

[quote=correction] [quote=Shania Twain] [quote=correction] I don’t know who this meletio guy is but whoever posted those charts comparing 1929 to present is dead on . be very careful

correction, meletio, meletoi, whatever, etc.

Why does anyone who is negative on the mkt on this forum get abused ?

hey mel



bears/frisco game not on TV here

really pisses me off

Check out Doug Cass’ comments on cnbc.com. He’s very negative now. Thinks investors in are in fantasy land. He supposedly called the mkt bottom in March

I was about to respond to you Fritz, but first I checked out some of your previous post. Your a joke…get lost

I was about to debate with you Fritz, but first I checked out some of your previous post. You a clown…get lost

[quote=howboutshoeshine]correction, meletio, meletoi, whatever, etc.

[quote=fritz] [

[quote=Shania Twain] [quote=fritz] [

bad consumer sentiment numbers

THAT’S RIGHT SUCKAS!  CONSUMER SENTIMENT IS DOWN. WATCH IT RAIN DOWN AS THE MARKET ERASES THE LOSSES FROM YESTERDAY.  RAIN DOWN THE PAIN AND ACATS.  IT’S COMING.  ONLY TEN BUSINESS DAYS LEFT BEFORE S & P 950 PUNKS!

THINK ABOUT IT.  THE MARKET ONLY HAS TO DROP 1.5% EVERY DAY FOR IT TO RAIN ON YOU FOOLS!

I MEAN, THAT MUST HAVE HAPPENED AT LEAST 10 TIMES IN THE LAST 20 YEARS.  TEN DAYS STRAIGHT OF 1.5% DROPPING.  I’M SURE I HAVE A GRAPH.

HOLD ON:  NOPE.  BUT I’M SURE I’LL FIND ONE ON THE MOTLEY FOOL OR DR.SHORT, THE ENGLISH PROFESSOR.

SUCKAS!

LET IT RAIN!

[quote=meletoi] THAT’S RIGHT SUCKAS! CONSUMER SENTIMENT IS DOWN. WATCH IT RAIN DOWN AS THE MARKET ERASES THE LOSSES FROM YESTERDAY. RAIN DOWN THE PAIN AND ACATS. IT’S COMING. ONLY TEN BUSINESS DAYS LEFT BEFORE S & P 950 PUNKS!THINK ABOUT IT. THE MARKET ONLY HAS TO DROP 1.5% EVERY DAY FOR IT TO RAIN ON YOU FOOLS!I MEAN, THAT MUST HAVE HAPPENED AT LEAST 10 TIMES IN THE LAST 20 YEARS. TEN DAYS STRAIGHT OF 1.5% DROPPING. I’M SURE I HAVE A GRAPH.HOLD ON: NOPE. BUT I’M SURE I’LL FIND ONE ON THE MOTLEY FOOL OR DR.SHORT, THE ENGLISH PROFESSOR.SUCKAS!LET IT RAIN!

[/quote]



great call. things really look bad.

horrible downside follow through after yesterdays swoon



ahahhahahahahahahahahahah



you bears get HOURS to be right funny



spx closes over 1100ish today



next week gonna really be fun

1110 on spx this AM my bear loser friends

Hey what was the target for the S&P at the end of November again?

I keep forgetting.

[quote=Shania Twain]

It’s time to celebrate if you live in America:

1. Our currency is in a free fall

2. Our home values are still in a decline

3. anyone that owns commercial property is seeing that value decrease

4. Food prices, health care and fuel prices are exploding as is Tuition

5. Wages are stagnant and have been for years

6. Unemployment is in reality over 17 %

7. The right wing fanatic Christian freaks are everywhere

9. corruption on wall street is at record levels

10. banks don’t lend money anymore b/c of the crap on the books

11. We are stuck in two wars that can’t be won

12. Iceco1d is a pussy



With all this good news out there lets go buy some stocks !!!

keeping shorting gld

keep buying usd

keep holding your cash



ice is the man

[quote=Shania Twain] keeping shorting gld

keep buying usd

keep holding your cash



ice is the man[/quote]





Keep shorting the dollar

Keep investing your cash

The lower I can buy the sh, or sds the happier I will be

I have unlimited cash !!!





Ice is melting

Of course, you are still right.

Of course, you are still right.

[quote=Wet_Blanket] Of course, you are still right.

I think it would be interesting to see what would happen in real life if this “ice” fellow met this “boss” fellow…

I think it would be interesting to see what would happen in real life if this “ice” fellow met this “boss” fellow…

You should get ahold of him and arrange that...

I don’t. I’d hate to see iceco1d go to jail because he beat the crap out of a basement living mommas boy.

That would certainly be a shame! 

I’ll tell you what. I’ll post an address. You both meet there at a time of my choosing. I’ll post the video on a YouTube private page. Game?

I’ll tell you what. I’ll post an address. You both meet there at a time of my choosing. I’ll post the video on a YouTube private page. Game?

I just spoke to my buddy Meletio and he wanted me to remind all of you that you are all white collar criminals who work for firms who are out to screw the public. 3 % managed account fees, 5% VA commissions, end of the month churning of convertible bonds with two points in them, Unit trust with a 1.9 back end charge. It’s a shame. how can you guys look yourselves in the mirror when you whole reason for being in business is to slowly turns your clients money into your own. SAD SAD

I just spoke to my buddy Meletio and he wanted me to remind all of you that you are all white collar criminals who work for firms who are out to screw the public. 3 % managed account fees, 5% VA commissions, end of the month churning of convertible bonds with two points in them, Unit trust with a 1.9 back end charge. It’s a shame. how can you guys look yourselves in the mirror when you whole reason for being in business is to slowly turns your clients money into your own. SAD SAD

[quote=Magician] I’ll tell you what. I’ll post an address. You both meet there at a time of my choosing. I’ll post the video on a YouTube private page. Game?

Dubai sends markets into turmoil



By Jennifer Hughes and David Oakley in London and Simeon,Kerr in Dubai



Published: November 27 2009 02:00 | Last updated: November 27 2009 02:00





turmoil…funny.



turmoil this.   



we turmoiling to new highs    wooooooooooooooo whoooooooooooooo

yeah but I heard it’s only topless there

Wow funny you mention my wife. your not gonna believe this, but I have a picture here on my phone of my wife AND my college girl friend TOGETHER. can u believe it>?

they are still good friends even through they had that battle of trying to get me!!   

we all three still joke about it.   although its a bit sad. My ex-girl friend has not found anyone yet.



acm07_pressroom_faithshania_v_p.jpg480×695

The AAII Investor Sentiment Survey measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market for the next six months; individuals are polled from the ranks of the AAII membership on a weekly basis. Only one vote per member is accepted in each weekly voting period.





Sentiment Survey





Bullish 31.7%

AAII’s members were asked to

finish this sentence:



I feel that the direction of the stock market over the next 6 months will be:

Bearish, Neutral, or Bullish.



Neutral 16.7%



Bearish 51.7%







Long-Term Average:

Bullish: 39%

Neutral: 31%

Bearish: 30%

On Friday, many of the in-store deals were also
available online, causing some Web sites to overload as shoppers tried
to get deals without waiting in long, cold lines.

U.S. consumer spending and home sales rose more than expected in
October, while new claims for jobless benefits fell sharply last week,
suggesting the economic recovery was gaining traction.


More than a year after the economy’s collapse
began rattling shoppers, industry observers said Friday’s shopping
sprees offered a strong start to the holiday season.


U.S. consumer confidence edged higher in November after an unexpected
drop in October, with less consumers expressing doubt about the a
worsening jobs market, according to a report released on Tuesday.

Bookmark this thread.  Dow will hit 11,000 by the end of the year.

YEAH!  PARTY IN THE USA!!!

[quote=howboutshoeshine]

You are VERY correct about extremes.

[quote=howboutshoeshine] You are VERY correct about extremes.

Magician,

dow futures up 40



dubai    funny

The Decade of Emerging Markets





Out of 73 country equity indices that we track (that go back to the start of 2000),

just 17 are down during the current decade (starting 1/1/2000). Unfortunately, the US and five of the other G-7 countries are included in the

group of 17 losers.

The Ukraine has been the best performing country this decade with a gain of 1,445%.



Russia

has been the best performing BRIC country with a gain of 711%.



Canada has been the best performing G7 country,

while Japan has been the worst.



From a stock market standpoint, we saw emerging markets emerge in a big

way this decade, as developed nations stumbled pretty much across the board.

[quote=Shania Twain] [quote=howboutshoeshine]

The last time we saw bearish sentiment this low was in July 2007, when the S&P was trading in the 1550 range, shortly before it hit it’s all time high.

I’m not normally a technical charts guy (I’m more interested in fundamentals), but your argument that this rally has not been embraced by the majority of market participants is dead wrong.

The bull side is very crowded trade right now. 

Read the advisors comments that investors intel gives you.

reluctant bulls

II tops usually have 60 plus % bulls. raging bulls.



crowded bull trade?   are you serious?



trim tabs   NET outflows of equity fund after a 65% run?

are you kidding me?

has NEVER happened before



retail guy is NOT in this market-period.



The II 16 bear is real.



Im not buying it



look at july sell off



less the 10%    look at II number



21 to 40!!!    quickly



no one believes this rally

[quote=Shania Twain]Read the advisors comments that investors intel gives you.

reluctant bulls

II tops usually have 60 plus % bulls. raging bulls.



crowded bull trade?   are you serious?



trim tabs   NET outflows of equity fund after a 65% run?

are you kidding me?

has NEVER happened before



retail guy is NOT in this market-period.



The II 16 bear is real.



Im not buying it



look at july sell off



less the 10%    look at II number



21 to 40!!!    quickly



no one believes this rally



[/quote]

Look at the BB ratio.  It’s 2.994!!!  That’s three times as many bulls as bears.  And guess what, it hasn’t been this high since… Oct 2007 when the S&P hit its all time high.

There is nothing to “buy”.  The market has gone extremely bullish. 

short it brother

hold cash



thats why they play the games

I’m holding cash, puts, a handful of high quality stock names (about 20%) and some muni bonds.  Running a couple currency plays too.  Think we’re going to see this USD carry trade unwind pretty soon.  Market close today was telling of the confidence in tomorrow’s employment numbers.  Do you have any hedges on?  I’m not trying to be a d***, but if this thing goes south, it’ll happen in a hurry.    

From The Big Picture:

Albert Edwards of Société Générale makes the simple contrarian arguement that the low number of equity bears is a bad sign for equities:

“The current extremely low number of equity bears (the lowest since the market top of 2007 – see chart below), the likelihood is that the next leg of the long-term structural valuation bear market is closer than people might realise.”

Here is Edward’s chart:

>

click for larger graphic

Source: Datastream, SG Cross Asset Research

1280ish year end/mid jan.



ewz,pot,gfa,osh,abv,fdx,isrg,aapl etc



buy strength. sell weakness



IBD, cabot,carter



so many good charts



quit over thinking it.    going higher