Looks more and more like we are going to have another one of those July-August rallies that has everyone wondering just what is going on. I thought it was overvalued two weeks ago so now it is really overvalued, but that doesn't mean that it can't go higher with both speculators and insitutions jumping on the band wagon. Must be all those "beat the Street" earnings I've been hearing about.
Richard W.
"Looks more and more like we are going to have another one of those July-August rallies that has everyone wondering just what is going on."
Who cares? We are both out of the market. Let's watch the lemmings running around trying to "catch the bottom."
These "microbursts" have been averaging about a 20% gain, so we ought to be close to the top of this one.
A sustainable new bear market rally will require public participation..
I said this many months ago and it's still true now.
When the big obys get antsy and want to pull out for a normal profit or just because they are antsy, the market will drop again. There is no public behind this any more.
Last weeks daily charts of the index show you that there is no trading going on during trading hours, ONLY AFTER HOURS.
I'm sitting out for a while until investing becomes investing and stats are stats. What we have now is manipulation and corporations meeting their conjured up estimates or not.
Would you do business in this kind of environment ???