Comments on: MARKET WRAP – STOCKS SOAR

By: Goerge(Penny Stock Investor)

Goerge(Penny Stock Investor) — Fri, 06 Nov 2009 11:11:23 +0000

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By: Van

Van — Fri, 06 Nov 2009 03:50:16 +0000

the AAII #’s were the tell, still too many skeptics (like me); there’s an undeniable positive datapoint still out there that the mkt is targeting…

By: Tyler

Tyler — Thu, 05 Nov 2009 22:45:06 +0000

Further … ok, so a huge number of retailers have gone out of business and that’s an indicator of a bad economic situation, but for the retailer who cuts their crappy stores, leans themselves down, and grabs the market share shouldnt that be a reason to cheer?

And then all this cash “hoarding” or cash reserve building by companies that has been going on recently … isnt that a good thing for these guys? I’snt that who we wanted to buy a while back. The guys who had cash on the books? I’snt that a good thing too?

By: TPC

TPC — Thu, 05 Nov 2009 22:44:09 +0000

I think we’re all confused. This Fed induced liquidity driven market makes little sense to anyone. The fact that we’re so far into a supposed recovery and the vol is still 2% per day is ridiculous. It just goes to show the dangerous game the Fed is playing.

I am still hoping we retrench further before November ends, but the year end rally train may be leaving the station as we speak.

By: Tyler

Tyler — Thu, 05 Nov 2009 22:39:42 +0000

TPC,

I dont know what matters anymore. What I do know is that I am mostly missing out on these rallies. Another thing I dont know is whether Rosie’s fantastic analyses matter to the rest of the street?

Maybe it doesnt matter one bit whether employment is at 10% if companies are leaner and meaner and revenue is 50% from China et al?

By: TPC

TPC — Thu, 05 Nov 2009 22:32:53 +0000

Does it even matter though? That has been a characteristic of this entire rally.

By: Tyler

Tyler — Thu, 05 Nov 2009 22:31:12 +0000

Well the low volume higher close day showed itself again today. SPY volume was below its average and much lower than the last several days.

By: TPC

TPC — Thu, 05 Nov 2009 21:59:32 +0000

Cisco is a great example of why I have been telling people not to consider shorts until earnings season is over. The fundamentals still point to a higher market, but the risk/reward remains neutral/poor.

By: kbob

kbob — Thu, 05 Nov 2009 21:49:06 +0000

Damn. All the technicals of major indices were flashing sell signals. I’ve been all short since a week ago. Today was brutal.

By: Rob

Rob — Thu, 05 Nov 2009 21:43:08 +0000

Wow. That was a fast turnaround. We might get back to 1,100 by next week. Will that be the last hurrah? (Selling opportunity) Or is a potential close above 1,100 a reason to expect a further advance (5% to 10% more) into year-end / early 2010?