PART 1:
PART 2:
Today I look at the SPY in more detail, explain what I think is about to happen, and even though the market did make new highs today, CNBC should stop sugar coating the bearishness which still prevails. I talk about the longer-term ramifications of this market, and where it’s poised to reverse. I point out my trades of CM and BIDU and how i took them out pretty much flat out even despite the rally and my GS trade which i timed really well to take profits on yesterday. I also look at the Dow Jones and how it reflects chartology so well.
great video. thanks!
It is pretty obvious that the run up is far extended but it is also obvious to anyone that doesn’t have his head far up his own bearish bottom that every drop will be met with buyers. The amount of opportunity that bears have lost by not being ‘smart’ is incredible.
and…..the bears ALL know it.
So! You have to ask yourself only one question…..”do you feel lucky…..well do ya bear?”
Obama called the bottom so I’ll let him call the top. http://www.usnews.com/articles/news/obama/2009/03/04/obama-says-buy-stocks-now-good-deals-there-for-long-term-investors.html
I’m not a big conspiracy theorist like a lot of others here, but its almost like he was hinting to everyone that they better jump on board because they are going to pump this baby to the moon.
lol
I consider that more of a refusal to be nieve than conspiracy. Its the Feds sole responsibility to regulate the economy, theyre just doin their job. Bush was our recession man, Obama is our recovery/hope campaign/”yes we can” man. Just the way Godfather Bernanke likes it.
FXP and DZZ…this market is topping out…maybe some value in corp. bonds…but the rest is bs
Wow. ColeHaan ads on the ST home page. We’re getting sophisticated. No more pet lint sales pitches? (=}
Hey Idan…CNBC will loose all credibility once this market corrects especially if we break the 666 lows.Dennis Kneal, Larry Kudlow, and Jim Cramer should be prosecuted for intentionally misleading investors, but that wouldn’t do them justice. Them being booted off the air would be the ultimate justice. CNBC talks about transparency, but they don’t disclose all the stocks these pumpers own. Did you know Erin Burenett just sold her last lot of GS shares…Did you know that Mark Haynes 401k is fully invested in GE stock…Did you know that Jim Cramers immediate family owns mutual funds who’s top holdings are stocks he pumps consistantly. I’m telling you these guys are a bunch of crooks and eventually the public will revolt.
i knew half of that stuff.. but it makes sense that they would pump the stocks they like… then again, they are artificially pumping it.. and that’s what happens..