WTF, DOW rocketing, up $124

[General of Darkness]

Expect PM's to get beaten up today. This week might show some good buying opportunities.

[Spectrism]

It sure looks like JPM is getting beaten up by the buy-silver campaign. :sarc:

[Ares]

Dollar isn't down today.

It's up. http://www.barchart.com/quotes/stocks/$DXY

[chad]

well, you know it's all over the news that we could have $5 gas soon. that's good for business because it lowers their costs, thus higher earnings! :sarc:

[bellevuebully]

If you think about what is happening today, it makes absolute sense and I would have been very surprised had the dow or s&p tanked, or even had a moderate down day. Here is why....

Since the crash occured, many savers/investors swam for safer shores, ie) bonds. There is a crap load of money on the sidelines right now. So that begs the question: who drove up the markets since then? Answer....the smart money.

Now that the smart-money ownership position is getting saturated, the smart money needs someone to sell to in order to realize profits. So that brings us to j6p sitting on the side lines for the last 2 years who is getting very tired of seeing his portfolio making squat while the equity markets move forward. Rest assured he is getting very impatient.

Notice the huge push in the media coming into the new year about the prospects of the markets for '11. This is the hook, line and sinker that the retail investor is about to swallow gills-deep.

That is a clear picture of how the masses are always wrong and jump in at the wrong time. Time will tell, but I say 3 quarters max where the markets run up on increasing volumes and then take a major hit, leaving the retail public holding the flaming bag of crap once more.

[vacuum]

Just wondering, why do some people say the market went up x dollars, instead of saying x points? What do dollars have to do with the number of points?

[Ponce]

Dow Indu
11694.25
+116.74 +1.01%........points, not dollars.

[sirgonzo420]

Just wondering, why do some people say the market went up x dollars, instead of saying x points? What do dollars have to do with the number of points?


This is a dollar:

http://sil-mart.com/images/morgan-dollar.jpg

Mostly, the term "dollar" is misused. Often it is used as a nickname for Federal Reserve Notes denominated in "dollars".

[Spectrism]

Just wondering, why do some people say the market went up x dollars, instead of saying x points? What do dollars have to do with the number of points?


This is a dollar:

http://sil-mart.com/images/morgan-dollar.jpg

Mostly, the term "dollar" is misused. Often it is used as a nickname for Federal Reserve Notes denominated in "dollars".



I am sure glad to pay for things using the fake "dollars" and the people I pay are not upset about it. They are glad to take that dirty paper.

[sirgonzo420]

I am sure glad to pay for things using the fake "dollars" and the people I pay are not upset about it. They are glad to take that dirty paper.


I wouldn't say I'm glad to use the fake "dollars"; I'd rather we have real money all the way around, so that I could pay my bills with real money and get paid in kind.

However, since worthless paper denominated in "dollars" is "coin of the realm", I will adhere to Gresham's Law.

:)

[Book]

Notice the huge push in the media coming into the new year about the prospects of the markets for '11. This is the hook, line and sinker that the retail investor is about to swallow gills-deep.



http://blogs.pioneerlocal.com/oakpark365/op-op365spkeasy-032809-p1.jpg

Dancing With The Stars will soon be doing the Charleston like it was the Roaring Twenties again.

:D