Higher we go...

feels like the bulls are about rip us higher. I actually think they can. Not much else to do except buy dips and not get short I guess.

More of the same BS

market seems off hard yesterday on big volume. Next day - bulls rip us right back up.

Can't fight this market. It is a long only, buy every f-ing dip blindly type market. yesterday, banks look ready to tank - today someone had to own these banks and they rallied. same pattern again and again - just when it looks like any sector / index will break - someone saves the day...

As I have said it will end badly but right now all systems go as the beat goes on and longs can't lose and have no reason to be nervous...

All the big banks getting rid of TARP before year end - WHY?

ummm... think about it. TARP has bonus restrictions mandated... with TARP paid back the banks can pay huge bonuses with all the free money they got! notice most of these big banks have huge capital markets/trading operations versus just retail banking...

nice trade big banks!

We have a long-only market

I know I have not posted much lately but not a lot to say into year end. We have a market where you can only be long because the momentum / action all favors buying dips at all times. In fact, for the most part stock picking hasn't even mattered as long as you were LONG you made money. The CNBC spinners are working full time to support the bullish mindset and bad news is shrugged off or somehow looked at as catalysts...

This market defies my underlying fundamental thesis so I have abstained from being long and have gotten chewed up a couple times shorting, but I stand where I am - looking to short but unable to pull the trigger because new 2009 highs seem to be destined to occur and this week would likely be a week (with the fed meeting, options expiration) that the big money will rip us higher.

Congrats to those longs who stuck it out through this whole rally. I certainly missed most of the move as I had no idea the power of a government and federal reserve that has no end to supplying money and any other stimulus the wall street moguls wanted and were surely positioned for.

It's about rally time for the markets again as the last hour or so thru the last 6-8 months have been full of day end rips where "someone" comes in and drills the buy button... only a few institutions with enough powder to cause these movements...

Can you say new highs this week? I would bet on it - even though I don't have my money behind that bet.

I am back again

after google took the blog off for a few days for some reason?

Everything back to normal

Market rallies in the last hour per usual. Surprisingly, banks and reits rocket back higher than they were before Dubai even happened. This was shocking to me...

Tough market to play unless you buy, buy, buy. I have a feeling this will end very badly for longs but when is the question. As of right now, I see no fear in the longs and the buy the dip has worked so easily it's hard to stop doing it I guess for longs despite economic / geopolitical issues. Not a lot to report these days as eco data or news really isn't that important. This is a market driven by momentum and fear to sell/short...

Looks like it will be a "black" Friday for the US Markets

Futures down big on this Dubai news and a worldwide selloff...

Dubai Debt Problems Could Rattle Market Friday

Look for the banks to get ripped...

Dubai said on Wednesday that the delayed repayment of debt was a first step toward restructuring Dubai World, the conglomerate that spearheaded the emirate's breakneck growth.

The news has sent the cost of insuring Dubai's debt against default soaring and bond prices tumbling.

State-run Dubai World has $59 billion of liabilities, its subsidiary Nakheel said in August, a large proportion of Dubai's total debt of $80 billion.

Is chasing performance a viable investment strategy?

I hear about how the market is going to go up because people are chasing performance.

I ask you is that a viable investment strategy or reason to be long?

Prechter makes a 200% short call (all-in short call)

check the article

http://www.marketwatch.com/story/elliott-wave-adviser-now-aggressively-bearish-2009-11-25

Gap and Crap?

Market gapping up, but is this a set up fro a "gap and crap" or do we just rocket thru highs the day before Thanksgiving?

Oh, and dollar down and market/gold up again... what else is new?

Interesting how major economic data is consistently revised lower

weeks after it made its impact on the market.

today, 3rd quarter GDP was revised from 3.5% to 2.8%. If you remember a few weeks ago the market went ballistic when we had the 3.5% which was above the 3% forecast. But, since it is weeks later it doesn't matter. Ever since March this revised lower after the fact has been going on.

strange, huh?

Same report as usual

dollar down, market up, gold up

nothing really else to report

Back from a little break

market still in full go-go mode I see... supported by the dollar continuing it's dump - down another 0.5% this morning... who knew it was this easy to work the stock market up and help the wealthiest people by hurting the poorest...

Perfect 10 - 10.2 to be exact

Serious "realistic" damage done today to the bull case as unemployment soars to a reported 10.2% well above the analysts 9.9% estimate. Remember, the market is up over 3% this week in anticipation of this report.

This is highest since 1983, but who knows the bulls will find some silver lining to bid up stocks right?

Oh - and for those playing along at home the "Adverse Case" unemployment for 2009 used in the Bank Stress Tests was 8.9%. Ooops...

Anyway, let's go buy some stocks because we must have finally reached a bottom and economic data only matters when it is bullish, right! That's the way the bulls have played it and they have played it well as shorts get chewed up again and again... when is the longs "day of reckoning" - i would say we are not too far away.

oh and by the way the U6 or full unemployment rate is at 17.5% - giddyup!

Bob Prechter - Rally Ova!

I am shocked by the strength in the market today

nothing else I can say except wow or WTF?

But taking daytrading short right here at S&P 1063 and Naz 2102