Comments on: ISM SERVICES & NFP – MORE BAD NEWS http://pragcap.com/ism-services-nfp-more-bad-news Sun, 12 Feb 2012 04:27:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: TPC http://pragcap.com/ism-services-nfp-more-bad-news/comment-page-1#comment-550 TPC Fri, 03 Apr 2009 21:21:04 +0000 http://pragcap.com/ism-services-nfp-more-bad-news#comment-550 I just wrote my weekly review for next week. Should post Sunday. I think this market can run until Wednesday. Thats the uptick ruling day. Then the government is out of bullets and we'll see just how strong this market is. My guess is we roll over hard after that. No one will want to be short in front of that meeting. I would rather be buyer until wednesday. We might see the market melt up some more on short covering.....After that. Look out below. The government will be out of the picture and we'll be sitting on seriously oversold levels. I just wrote my weekly review for next week. Should post Sunday. I think this market can run until Wednesday. Thats the uptick ruling day. Then the government is out of bullets and we'll see just how strong this market is. My guess is we roll over hard after that.

No one will want to be short in front of that meeting. I would rather be buyer until wednesday. We might see the market melt up some more on short covering…..After that. Look out below. The government will be out of the picture and we'll be sitting on seriously oversold levels.

]]> By: Wingobyte http://pragcap.com/ism-services-nfp-more-bad-news/comment-page-1#comment-547 Wingobyte Fri, 03 Apr 2009 20:47:55 +0000 http://pragcap.com/ism-services-nfp-more-bad-news#comment-547 Hey TPC, whats your take on the dow closing over 8k and SP over 840 today? And what ever happened to SRS today? took a beating. Is the government going to intervene with the CRE market now? The next few trillions to be put into the next bailout? Hey TPC, whats your take on the dow closing over 8k and SP over 840 today? And what ever happened to SRS today? took a beating. Is the government going to intervene with the CRE market now? The next few trillions to be put into the next bailout?

]]> By: TPC http://pragcap.com/ism-services-nfp-more-bad-news/comment-page-1#comment-546 TPC Fri, 03 Apr 2009 18:55:21 +0000 http://pragcap.com/ism-services-nfp-more-bad-news#comment-546 I don't know if implosion is in the cards as far as my thinking, but I do think we're staring at a prolonged and sluggish recovery.... I don't know if implosion is in the cards as far as my thinking, but I do think we're staring at a prolonged and sluggish recovery….

]]> By: Wingobyte http://pragcap.com/ism-services-nfp-more-bad-news/comment-page-1#comment-545 Wingobyte Fri, 03 Apr 2009 16:56:04 +0000 http://pragcap.com/ism-services-nfp-more-bad-news#comment-545 This feels like the last great rally we are going to see before the world implodes. Thats how it feels like. Honestly, its obvious that there is a lot of cash out on the sidelines waiting to get back in and the longer this market rises, the more anxious these bystanders want a piece of the pie and jump in. This rally can go on for months! Not to mention the shorts who are down big right now and are looking to cover as the markets continue to rise for no apparent reason other than hope. There is no need for the reinstatement of the uptick rule now because the markets look to have 'stabilized' though going up 2% daily really isn't healthy in general for the long run. Its setting up for a catastrophe but looks like this may not happen till later this year or early 2010. But that time, all the people in the know would have been out of the market as the retail investors will become the bagholders. This feels like the last great rally we are going to see before the world implodes. Thats how it feels like. Honestly, its obvious that there is a lot of cash out on the sidelines waiting to get back in and the longer this market rises, the more anxious these bystanders want a piece of the pie and jump in. This rally can go on for months! Not to mention the shorts who are down big right now and are looking to cover as the markets continue to rise for no apparent reason other than hope. There is no need for the reinstatement of the uptick rule now because the markets look to have 'stabilized' though going up 2% daily really isn't healthy in general for the long run. Its setting up for a catastrophe but looks like this may not happen till later this year or early 2010. But that time, all the people in the know would have been out of the market as the retail investors will become the bagholders.

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