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View Full Version : The ONLY Reason Stocks have Rallied This Week

carguym14
September 28, 2010, 14:01
Thought this was a good read and easy explanation:

http://www.kitco.com/ind/Summers/sep282010.html
gates
September 28, 2010, 15:33
Yep - POMO and the Dollar getting trashed, add to that, the perverse belief on Wallstreet that the worse the economic news is - the higher likelyhood of MORE Fed intervention = MORE pumping in equities - works til it doesnt but the bond mkt is saying BULLSHIT - the bond mkt is never wrong, again, the only question is WHEN the kaboom happens.
deerollman
September 28, 2010, 16:00
I assume this is related to why stocks are relatively high but gold just broke a new record.

How F'd up is the world when people are investing in companies b/c the fedgov may borrow money it doesn't have to prop up said companies??? Now there's cause for optimism!
juanni
September 28, 2010, 16:10
Originally posted by deerollman


How F'd up is the world when people are investing in companies b/c the fedgov may borrow money it doesn't have to prop up said companies??? Now there's cause for optimism!

Suck it up. From Charlie Munger, Crony Capitalist to the little peeps :o



...............juanni
gates
September 28, 2010, 16:25
Deer - you ask "How Fd up"?

the answer is: ALL THE WAY! this is purely can kicking putting off the inevitable.
hagar
September 28, 2010, 16:48
I made quite a little profit the past 3 weeks on my NTWK stock, sold about 1/3 of it today at double what I paid.

Don't diss the market, it will go up just when things look the worst. We have been in a bear market for the last 9 years, it will change sooner or later.
gates
September 28, 2010, 18:09
Yep - you can trade this mkt - gotta be frosty but it can be done - I would not INVEST in this mkt right now - no way - it's a propped up piece of shit and it's gonna end in tears.
bakerjw
September 28, 2010, 20:31
I am a market ignoramus. But I look every day and see the Dow going up and have to ask WTF? Imho the PTB are trying to drive it up to instill confidence that things are looking up and all is A-OK

Again IMHO all is not A-OK
carguym14
September 28, 2010, 20:53
Originally posted by bakerjw
I am a market ignoramus. But I look every day and see the Dow going up and have to ask WTF? Imho the PTB are trying to drive it up to instill confidence that things are looking up and all is A-OK

Again IMHO all is not A-OK



Same here.

Huge disconnect out there with reality,imo.I still have a hard time understanding it all.