As to the current business cycle position, Chart 4 shows that the stock market has been advancing for nine months while the economy is just now coming out of a deep recession. For their part, interest rates and inflation are near their lowest levels of the cycle. The shaded area flags where we are today indicates stocks can be expected to continue to do well as economic growth strengthens, and ultimately interest rates and inflation turn up. Corrections will develop along the way but tactical asset allocation continues to call for stocks to be emphasized in portfolios.
http://www.riskcenter.com/story.php?id=19282
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7 comments:
Why has this mkt been trading in a range like 3 times longer than the last 2 tops of this bull run dawg. What is the significance of that?
Are we going much higher? Do you remember in your trading career what happens in this instance?
Every situation is different. But it looks like its consolidating its run by going sideways instead of down. Usually thats bullish.
The market brushed off Dubai like a little gnat, which speaks to how strong this market is. It will not let you in on any sharp dips. And when it does, it usually keeps going lower for a few more days to scare you out.
This reminds me of early 2004.
Ok that's all that really matters man.
I don't remember too many bad markets in December and January. Except for last year.
Man I should have gotten out of EDZ yesterday at a B/E.
If we start shooting up tomorrow, I am fucked.
By the way, I just got long WXCO @ 1.18.
You agree that if we break 1125 on spx, then we'll go to 1200 in the next move or close to it?
We need to close weakly today for the mkt to start backing down tomorrow, otherwise, we could start making new highs
This is a complete fucking coin toss dawg where this market is headed.
Very nerve wracking.
No, I don't think breaking 1125 will lead us to 1200. Not this year anyway. If we break 1125 this year, I will be looking to go short, not long. Clearly, the shorts are getting squeezed today and the longs are not giving them any lifelines. We may need to break 1120 to get that blow off top to signal the top.
I would think breaking 1120 would make the market go to at the leat 1150 and then close to 1200.
Afterall, it just busted a top clearly and there is no resistance.
Who cares about valuations dawg. They don't mean shit.
WXCO trades at a P/E of 3. My PCBC has 1.2 bln in cash and the stock is worth like 30 mln.
PRPL does 100 mln in sales and the stock is worth 2 mln
People don't give a fuck dawg.
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