5 replies to this topic

[andr99]

is this :

 

https://postimg.org/image/69oz9u7pb/

 

clearly if the spx was at 2100 in nov 2014 and now it stands at 2169....it means it has gone nowhere for two years and that means just one thing i.e. it's waiting for the first rate rise to fall like a missile with no fuel. But obviously the first rate rise can' t happen until the elections' time has been overcome. Why this is very obvious, I leave it to anyone's imagination. With regards to Europe, it's almost done so that probably it will fall on its own weight with no co-hoperation from America. This is not new lately. In any case the spx, the mother and father of all manipulations, can' t rise that much, imo. I would call it ''distribution at the top'' until the time when the market is not allowed to ''disturb'', is over.    

Edited by andr99, 27 August 2016 - 07:35 AM.

[alexnewbee]

There is an idea that big money will sell before the election just in case Tramp comes in.

[Rich C]

I moved to mostly cash in late July, as the move up from the Brexit low looked too far too fast.  I missed the 3% upside since then, much on the strong earnings report in early Aug., but I'm protected against a pullback that the odds favor will occur.  As the original poster said, the market has gone nowhere for 2 years seven years into this bull market its hard to see large rapid gains.  The trailing 12 month GAAP PE on the S&P is 24, which is high.  Any rate hike only exacerbates that problem.  My normal trading horizon is a couple of weeks to a couple of months.

[gm_general]

They are kind of caught in a trap here - if you purport things are so fine, why not raise rates? Well, because you know things aren't fine. So how long can you stall for time with "dog ate my homework" excuses? Well I bet they would hope till at least the election, but the best laid plans of evil mice and men... And how long can they (by the estimation of me and others) fake enough economic numbers before either a) someone rats them out, or B ) the obvious environment around us directly contradicts them and breaks their reputation? I guess we will see.

Edited by gm_general, 27 August 2016 - 01:08 PM.

[andr99]

I' m actually long on Milan, but just a very small size and ready to close it as soon as something wrong appears. It's such a boring market that the most exciting thing when I open my pc, after looking at stocks, is going to see what tennis string to buy online. So far I have determined that signum pro micronite 1.27 is the best multi-filament I have tried. Next will be discho microfiber......

I am bored by this market....

Edited by andr99, 27 August 2016 - 01:35 PM.

[alexnewbee]

Boring, that is true. Summer, August...