The Market Fluctuates Dow up 416!

[patientlywaiting]

Could it be because Wall Street is celebrating Spitzer’s downfall? What’s the big deal anyway? An escort is a lot cheaper than a mistress.

[Chris Scoreboard Johnston]

My condolences to the people in here following a day like that, you must really hate these types of days. Maybe this will lead you to study what really drives the markets, and get off your arbitrary opinions which do not correlate at all to the real forces behind market moves?

One day does not a low make, but this should alert you to why this market is close to launching upward. If not that is your own fault.

[Chris Scoreboard Johnston]

My condolences to the people in here following a day like that, you must really hate these types of days. Maybe this will lead you to study what really drives the markets, and get off your arbitrary opinions which do not correlate at all to the real forces behind market moves?

One day does not a low make, but this should alert you to why this market is close to launching upward. If not that is your own fault.

[Chris Scoreboard Johnston]

My condolences to the people in here following a day like that, you must really hate these types of days. Maybe this will lead you to study what really drives the markets, and get off your arbitrary opinions which do not correlate at all to the real forces behind market moves?

One day does not a low make, but this should alert you to why this market is close to launching upward. If not that is your own fault.

[Chris Scoreboard Johnston]

My condolences to the people in here following a day like that, you must really hate these types of days. Maybe this will lead you to study what really drives the markets, and get off your arbitrary opinions which do not correlate at all to the real forces behind market moves?

One day does not a low make, but this should alert you to why this market is close to launching upward. If not that is your own fault.

[Chris Scoreboard Johnston]

My condolences to the people in here following a day like that, you must really hate these types of days. Maybe this will lead you to study what really drives the markets, and get off your arbitrary opinions which do not correlate at all to the real forces behind market moves?

One day does not a low make, but this should alert you to why this market is close to launching upward. If not that is your own fault.

[LA_Renter]

If you ask me yesterday was a classic textbook example of a short squeeze. There has been a very large amount of short interest in the market. Bear market rallies are to be expected in bear markets. They usually come in the form of violent upswings. Remember the 600 point advance (in one day) off the low in Jan. This last rally is the same one we have seen about 50 times in the last 9 months. Since they can’t use saving AMBAC as an excuse any more, they had to come up with something new…i.e. $200 Billion in Fed lending against junk paper. I could be wrong as the markets are oh so humbling to us all but i don’t see an inflection point here just yet. The S&P is still forecasting 20% growth in earnings during the second half of 08, I ain’t buying that. I hope this rally has some strong legs because I have my eye on several puts that are looking cheap in sectors that I follow. I will say this the juice on the downside will only get less and less as time passes. it’s just my opinion that there is going to be a more significant low during 2008. We will see good luck to all.

[LA_Renter]

If you ask me yesterday was a classic textbook example of a short squeeze. There has been a very large amount of short interest in the market. Bear market rallies are to be expected in bear markets. They usually come in the form of violent upswings. Remember the 600 point advance (in one day) off the low in Jan. This last rally is the same one we have seen about 50 times in the last 9 months. Since they can’t use saving AMBAC as an excuse any more, they had to come up with something new…i.e. $200 Billion in Fed lending against junk paper. I could be wrong as the markets are oh so humbling to us all but i don’t see an inflection point here just yet. The S&P is still forecasting 20% growth in earnings during the second half of 08, I ain’t buying that. I hope this rally has some strong legs because I have my eye on several puts that are looking cheap in sectors that I follow. I will say this the juice on the downside will only get less and less as time passes. it’s just my opinion that there is going to be a more significant low during 2008. We will see good luck to all.

[LA_Renter]

If you ask me yesterday was a classic textbook example of a short squeeze. There has been a very large amount of short interest in the market. Bear market rallies are to be expected in bear markets. They usually come in the form of violent upswings. Remember the 600 point advance (in one day) off the low in Jan. This last rally is the same one we have seen about 50 times in the last 9 months. Since they can’t use saving AMBAC as an excuse any more, they had to come up with something new…i.e. $200 Billion in Fed lending against junk paper. I could be wrong as the markets are oh so humbling to us all but i don’t see an inflection point here just yet. The S&P is still forecasting 20% growth in earnings during the second half of 08, I ain’t buying that. I hope this rally has some strong legs because I have my eye on several puts that are looking cheap in sectors that I follow. I will say this the juice on the downside will only get less and less as time passes. it’s just my opinion that there is going to be a more significant low during 2008. We will see good luck to all.

[LA_Renter]

If you ask me yesterday was a classic textbook example of a short squeeze. There has been a very large amount of short interest in the market. Bear market rallies are to be expected in bear markets. They usually come in the form of violent upswings. Remember the 600 point advance (in one day) off the low in Jan. This last rally is the same one we have seen about 50 times in the last 9 months. Since they can’t use saving AMBAC as an excuse any more, they had to come up with something new…i.e. $200 Billion in Fed lending against junk paper. I could be wrong as the markets are oh so humbling to us all but i don’t see an inflection point here just yet. The S&P is still forecasting 20% growth in earnings during the second half of 08, I ain’t buying that. I hope this rally has some strong legs because I have my eye on several puts that are looking cheap in sectors that I follow. I will say this the juice on the downside will only get less and less as time passes. it’s just my opinion that there is going to be a more significant low during 2008. We will see good luck to all.

[LA_Renter]

If you ask me yesterday was a classic textbook example of a short squeeze. There has been a very large amount of short interest in the market. Bear market rallies are to be expected in bear markets. They usually come in the form of violent upswings. Remember the 600 point advance (in one day) off the low in Jan. This last rally is the same one we have seen about 50 times in the last 9 months. Since they can’t use saving AMBAC as an excuse any more, they had to come up with something new…i.e. $200 Billion in Fed lending against junk paper. I could be wrong as the markets are oh so humbling to us all but i don’t see an inflection point here just yet. The S&P is still forecasting 20% growth in earnings during the second half of 08, I ain’t buying that. I hope this rally has some strong legs because I have my eye on several puts that are looking cheap in sectors that I follow. I will say this the juice on the downside will only get less and less as time passes. it’s just my opinion that there is going to be a more significant low during 2008. We will see good luck to all.

[LA_Renter]

I don’ t think Bear Stearns basically admitting they are insolvent is such a big deal. It’s just a flesh wound. It’s stuff like this that keeps me bearish on the market. It is very simple really, there is just way too much bad paper floating around out there and the source of that bad paper (housing bust) shows no signs of a bottom. The FED only has so many bullets they can shoot here and they are running low. There are going to be more Bear Stearns before this is all over, and the Govt will step in with a massive bailout. This is truly getting scary.

[LA_Renter]

I don’ t think Bear Stearns basically admitting they are insolvent is such a big deal. It’s just a flesh wound. It’s stuff like this that keeps me bearish on the market. It is very simple really, there is just way too much bad paper floating around out there and the source of that bad paper (housing bust) shows no signs of a bottom. The FED only has so many bullets they can shoot here and they are running low. There are going to be more Bear Stearns before this is all over, and the Govt will step in with a massive bailout. This is truly getting scary.

[LA_Renter]

I don’ t think Bear Stearns basically admitting they are insolvent is such a big deal. It’s just a flesh wound. It’s stuff like this that keeps me bearish on the market. It is very simple really, there is just way too much bad paper floating around out there and the source of that bad paper (housing bust) shows no signs of a bottom. The FED only has so many bullets they can shoot here and they are running low. There are going to be more Bear Stearns before this is all over, and the Govt will step in with a massive bailout. This is truly getting scary.

[LA_Renter]

I don’ t think Bear Stearns basically admitting they are insolvent is such a big deal. It’s just a flesh wound. It’s stuff like this that keeps me bearish on the market. It is very simple really, there is just way too much bad paper floating around out there and the source of that bad paper (housing bust) shows no signs of a bottom. The FED only has so many bullets they can shoot here and they are running low. There are going to be more Bear Stearns before this is all over, and the Govt will step in with a massive bailout. This is truly getting scary.

[Author]

Posts