Its not apple earnings, goog, or tech.
Its not the fact that banks have completely swept all the toxic debt onto the sheets of the fed, and are not making money hand over fist by borrowing at .5 %, and turning around to use to buy treasuries. (cute circular hat trick there)
Its not the expectations of growth, or the YOY quarterly comparisons that will be absolutely stellar in Q4, since everything was so awful bad in q408.
Its not GS or the PPT buying.
Its just the lower and lower dollar with people using the cheap toilet paper to buy anything and everything. The rise continues to diverge massively with lower and lower volume.
This could go on for a long long time. This will have to go above SNP 1500 to suck the retail investor back in, and it would be no surprise for it to get there yet this year. Investors intel shows the highest bullish percent we've seen since last peak, which is around 92%, 93%. It could go to 100%.
The further the dollar drops, the more the market just keeps rising
Started by
nimblebear
, Oct 19 2009 09:48 PM
1 reply to this topic
#1
nimblebear
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- Traders-Talk User
- 6,062 posts
Welcome to the Dark Side !
Posted 19 October 2009 - 09:48 PM
OTIS.
#2
porsche911sg
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- Traders-Talk User
- 2,907 posts
Member
Posted 20 October 2009 - 11:10 AM
Many foreigners buy US stocks when the USD tanks they will sell the stocks and cash out. So you'll see an out right crash remeber the 1987 days?
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
