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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (46985)3/8/2013 6:26:33 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221917
 
This market could implode at any time... it would only take some fumes from a leaking problem that everyone thought was already resolved... and next week is option expiration week, so anything could happen...

GZ



To: Fiscally Conservative who wrote (46985)3/11/2013 8:06:27 AM
From: GROUND ZERO™4 Recommendations  Respond to of 221917
 
Is this a bull rally or a bullshit rally?

A FED fueled rally is completely disconnected from the economy...

Typically, stock markets and economies work in sync: A strong economy drives a strong market and vice versa. Ordinarily, you don’t get earnings to rise in weak, stagnant economies like this one — unless there’s some mischievous meddling going on like ultra-low interest rates for a protracted period which forces pension funds and annuities to abandon the bond market and pitch into the stock market.

The Dow is back, long live the Dow Jones Industrial Average. But what about us?What about the 7 million who lost their jobs since the equity index last visited the 14,000 level? Or the 20 million additional Americans who are on food stamps since October 2009? Are they not the economy, too?

Truth is, the stock market is setting new highs daily, extending what is now the sixth-largest bull market move since the Great Depression, only because of master matador Ben Bernanke. The Dow has soared 128 percent since the first hint that the Federal Reserve would start its quantitative easing in March 2009.

Despite all the grandstanding, podium pounding and prognosticating coming out of Washington about how the fiscal cliff and sequestration were going to hurt America, the benchmark index laughed right through it, knowing that Fed chief Bernanke was going to provide on average $4 billion a day of liquidity to the markets.

nypost.com

GZ