In a market like this one, supporting bids come in anytime volume drys up. Shorts cover and try again later.
The money supporting the market is newly created and unlimited in quantity. Short sellers have limited capital. This can go on a long time.
Russell 3000
Started by
James Quillian
, Nov 16 2009 08:28 PM
4 replies to this topic
#1
James Quillian
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Posted 16 November 2009 - 08:28 PM
Quillian & Taylor is still at least 67% long. Its been a lucky year. The market should go down. Right? That keeps folks constantly coming in on the short side. If I am right that the long side is the beneficiary of affirmative action, we are going a lot higher. Markets turn when supply is only slightly more than demand. (in a pristine market) More supply comes in as the market drops.
In a market like this one, supporting bids come in anytime volume drys up. Shorts cover and try again later.
The money supporting the market is newly created and unlimited in quantity. Short sellers have limited capital. This can go on a long time.
In a market like this one, supporting bids come in anytime volume drys up. Shorts cover and try again later.
The money supporting the market is newly created and unlimited in quantity. Short sellers have limited capital. This can go on a long time.
#2
IYB
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Posted 16 November 2009 - 08:51 PM
Excellent, clear chart and nice clear point as well. Thanks James. Regards, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#3
andiron
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Posted 16 November 2009 - 09:20 PM
a little change in angle (esp as your first point in the TL is not really touching it ) and it will be back within the TL
#4
arbman
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Posted 17 November 2009 - 08:17 PM
Please also draw this line in a log chart, we have still some space to go up in that case too, but...
That's right, now you are saying that we will be able to print our way into prosperity again, you were saying exactly the opposite for the entire bull market. Here's something you may want to read to get a little bit deeper perspective about where we are at this point, these numbers are real, so far the slump is tracking worse than 1930s despite the nearly 50% and 6 month rally;
http://www.voxeu.org...php?q=node/3421
I completely dismiss any point about a new bull market at this stage, although I do not rule out completely that we may go a little higher...
Best,
-arb
The money supporting the market is newly created and unlimited in quantity. Short sellers have limited capital. This can go on a long time.
That's right, now you are saying that we will be able to print our way into prosperity again, you were saying exactly the opposite for the entire bull market. Here's something you may want to read to get a little bit deeper perspective about where we are at this point, these numbers are real, so far the slump is tracking worse than 1930s despite the nearly 50% and 6 month rally;
http://www.voxeu.org...php?q=node/3421
I completely dismiss any point about a new bull market at this stage, although I do not rule out completely that we may go a little higher...
Best,
-arb
#5
arbman
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Posted 17 November 2009 - 08:29 PM
In my opinion, we have another 24-36 more painful months to go, this is until after the prime mortgage reset schedule in ARMS is behind us. I wrote about this numerous times here, the banks are and will continue to be the biggest drag to the economy and they are already leading down as the lending will continue to be the main difficulty. This puts us firmly for a low into 2012 as I predicted and posted here about 2 years ago...
