Javascript Disabled Detected

You currently have javascript disabled. Several functions may not work. Please re-enable javascript to access full functionality.

WOW!: what a rally after an 11% spx rocket yestitty!

Started by humble1 , Oct 29 2008 02:24 PM

Next

Please log in to reply

16 replies to this topic

#1 humble1

Member

Traders-Talk User
5,959 posts

Posted 29 October 2008 - 02:24 PM

i don't know about shorts; i'm sure there are some, large and small, who haven't covered and are still in denial. but there is another sector, perhaps much larger, which is probably starting to hop around their offices and trading rooms. i am thinking of the many UNDER-INVESTED mutual funds and hedge funds and pension funds and private equity funds. we have heard some of these come on the financial shows (CNBS and bloomberg and others) and brag about 50% cash positions and such. what a day after that huge gain yesterday: all this time we have spent in positive territory and now firming in the last hour. i don't think ms. market likes those people. comments?

Edited by humble1, 29 October 2008 - 02:26 PM.

Back to top

#2 isaac613

Member

Traders-Talk User
1,264 posts

Posted 29 October 2008 - 02:25 PM

You aint seen nothing yet. This is about to get very nice.

Back to top

#3 humble1

Member

Traders-Talk User
5,959 posts

Posted 29 October 2008 - 02:28 PM

i think you will be right - AGAIN!

Back to top

#4 Jnavin

Member

TT Member*
2,126 posts

Posted 29 October 2008 - 02:35 PM

LESS volatility on a Fed day. Who'da thunk it? Uh...so far, anyway.

johnpatricnavin.blogspot.com

Back to top

#5 gismeu

Member

Traders-Talk User
913 posts

Posted 29 October 2008 - 02:36 PM

i think you will be right - AGAIN!

don't count your chicken before they are hatched!

November might give us a retest of the Lows, astro wise and cycle wise

gis

If you can't buy Happiness, STEAL IT!

Back to top

#6 dcengr

Member

Traders-Talk User
13,391 posts

Posted 29 October 2008 - 02:36 PM

Lets all hold hands and dance with joy! New all time highs are right ahead! :lol:

Come on guys, if you could catch every day's move from top to bottom, you'd be a zillionaire like Atilla (man he's on a streak from hell). Enjoy the moment. The key word is 'moment'.

Qui custodiet ipsos custodes?

Back to top

#7 ogm

Member

Traders-Talk User
13,780 posts

Posted 29 October 2008 - 02:40 PM

i think you will be right - AGAIN!

don't count your chicken before they are hatched!

November might give us a retest of the Lows, astro wise and cycle wise

gis

I don't think we'll have a retest untill next year. If ever.

Back to top

#8 Russ

Member

Traders-Talk User
7,375 posts

Posted 29 October 2008 - 02:46 PM

Market lost about 50% in past year, in that context these rallies are not so huge.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong

http://marketvisions.blogspot.com/