Sprint? LOLOLOLOLOL.
A sucker rally. And even if there was an economic uptick, the Regime will find a way to throw a wrench in the works. Everyone must be miserable except the Elites (in this case the upper levels of the Nomenklatura, does not apply to those who really earned it).
There was a memorable article in the NYT about 3 months ago about how the economy was “ready to roar.” LMAO!
A monkey would have a better record at stock picking than these "anal-ysts."
I ask my nephew how he avoided losing his ass when the teck bubble exploded. He said when he was in New york and a cab driver stated giving him investment advice, he went home and converted his stock to cash. He was head of the foreign exchange section of a major, major bank.
Earnings Per Share are up above estimates, but most companies revenues suck in plain english. That means the level of economic activity is still sickly.
Now the headwinds of the following face the markets:
Obamacare, The sunset of the Bush tax cuts and within raising the Capital Gains rate from 15 to 20% and Raising the Dividend Rate to 39.6%
So tell me how potentially smart money won't be looking for the exit door (non qualified money) before 12/31/2010 given these Obama headwinds to their capital?
Obama makes me breakout.....in boils, like Job.
The plague and locusts are right around the corner.
Looking forward to deliverance in November.
Leni
It’s in the Slimes so it must be true.
the market, if it is getting ready to jump up, usually calls things 6 mos. early. What it MIGHT be seeing is a Republican congress which could stop Mr. Hopeychangey’s agenda...
A move up might occur as more investors see big GOP gains coming in November. I'm in the "buy on the rumor, sell on the news" camp, myself. I'm going to be adding to my positions as we get into late summer/early fall, and then take profits (if any) in October. I'm thinking that even if the GOP takes the House, and comes close to taking the Senate, the market will drop after election day, having previously discounted GOP success. And if the Election Day news is not as good as I foresee, stock indexes won't just drop, they'll tank.
It is entirely possible that stocks will trade up heading into the election, and that they will go up big-time if Republicans get back one or both houses. Investors will think it is like 1994 all over again. Then, in 2011, they will find that Obama has made structural changes to the US economy that will prevent any recovery until they are undone, and they cannot be undone until 2013 at the earliest. So, the initial exuberance will be deflated. By 2012, if it looks like we are finally going to be rid of the Obamunists, some life may come back.
Priming the pump for another profit taking session before we drop to 8000.
Come on in the waters fine, bullsh##. Put the rest of the money you didn’t lose the first time so they can steal the rest and leave you with nothing. Sorry charlie
Still below 200 day (”still” as in multiple failed attempts)