Posted on 09/10/2012 8:39:34 AM PDT by blam
This Is The Most Bullish Moment We Can Recall Since The Financial Crisis Ended
Joe Weisenthal
Sep. 10, 2012, 7:57 AM
Markets are down a hair today, but the theme of the morning is clear: Uber-bullishness. Everywhere.
This is the most unanimously bullish moment we can recall since the crisis began.
Note that this comes as U.S. indices are all within a hair of multi-year highs, and the NASDAQ returns to levels not seen since late 2000.
Big macro hedge funds that have been famously flat-footed this year, are now positioned for a continued rally
BofA's Mary Ann Bartels explains how they're going long on the riskiest stuff:
Macros bought the NASDAQ 100 to a net long for the first time since June, continued to buy the S&P 500 and commodities, increased EM & EAFE exposures, sold USD and 10-year Treasuries. In addition, macros reduced large cap preference.
BTIG's Dan Greenhaus wrote last night:
Being Right or Making Money is the title of Ned Davis’ book and the sentiment is as appropriate as ever now. Investors are arguing whether the Fed should or can do anything for unemployment, whether hyper inflation lay just around the corner or whether Ben Bernanke even “understands markets.” In reality, we believe all that matters is whether assets are likely to appreciate or depreciate in the immediate future as a result of the Fed’s actions. We believe “appreciate” is the correct answer.
JPM's Jan Loeys explained that this rally could go on another 3-6 months:
On the back of weak gains in consumer and business spending at mid-year, global IP growth has come to a stand-still. And while things appear to have bottomed with some signals of improvement in consumer spending in July
(snip)
(Excerpt) Read more at businessinsider.com ...
?
Aren’t we basically in a depression?
The crisis ended and I missed it?
Dang.
If they want a crisis, just let Obama be re-elected
and see what happens to the economy.
The financial crisis ended?
China is faltering, Europe is in shreds, the US is about to re-elect a trillion dollar deficit and Israel is stalking Iran. Great time for a stock market rally.
China is faltering, Europe is in shreds, the US is about to re-elect a trillion dollar deficit and Israel is stalking Iran. Great time for a stock market rally.
China is faltering, Europe is in shreds, the US is about to re-elect a trillion dollar deficit and Israel is stalking Iran. Great time for a stock market rally.
LLS
When QE3 kicks in, stocks will skyrocket. The reason: inflation of the money supply. Stocks may be worth less, but the dollars in which they are valued will fall even more, making stocks more expensive.
Not to mention precious metals and oil.
Volume is off 50% and the markets are churned predominantly by machine algorythms. This is bullish? Who the eff thinks this s*** up???
-—— and the continuing but more medium-term forces of asset reflation-——
I take this to mean that there has been a turnaround in housing prices. I have seen reports of rises but don’t remember if the rise is general or in specific markets.
We will know the change is real when we begin to get reports of rising wages not attributable to striking unions.
Yep, the stocks soared in Zimbabwe too - for a while
Lock in your refi, pay it back with “minibucks”...
assuming your wages increase to reflect inflation.
And this is the most bullishit news I have seen.
There is no reason for it. As one person posted, no fundamentals support it. None.
of course the market will get a bump...
just as it’s had over the last 3+ years.
as you deflate the dollar, things measured in dollars... require more dollars to acquire
duh
Ended?
DOW 16,000.
Housing always goes up.
Who you gonna believe - Obama's media, or your lying eyes?
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