Stock Market

Discussion in 'News / Current Events' started by Crabtownboy, Nov 22, 2013.

  1. Crabtownboy

    Crabtownboy
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    The Dow Industrial is getting close to the point and figure bull objective of 16,000. It will be interesting to see if the upward trend continues, or if the market will be like a crab, as it did from May to November, and go sideways or if it begins to turn downward.

    Keeping watch .... are you?

    From stockcharts.com

    [​IMG]
     
  2. Revmitchell

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    The stock market is propped up on air right now in a huge bubble so long as the QE is in effect. What is going on means little to nothing in the big picture other than it could cause sever damage.
     
  3. thisnumbersdisconnected

    thisnumbersdisconnected
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    As I said somewhere on the board not too many days ago, the stock market will hit 5,000 before it hits 20,000 and I fear it isn't that long to come, either.
     
  4. InTheLight

    InTheLight
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    Absolutely am watching. Participating. It's been a great run up. I missed out on the first three months of the year because I liquidated all my equities in mid-December thinking the fools in Washington would go over the fiscal cliff.

    I think the market will continue upwards with slight pull backs whenever the Fed mentions "taper" but then rebound quickly. True market forces are driving the market and not just QE, though it is a factor.
     
  5. church mouse guy

    church mouse guy
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    I think that the market likes the fact that the Senate is moving towards simple majority rule. As a modern parliamentary institution, it is ridiculous that the Senate requires special majorities to transact business. All business in the US Senate should be done by simple majority.
     
  6. Crabtownboy

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    The market is way above the bull support line. I will not be surprised if it turns like a crab and moves sideways for a period of time. Then a lot will depend on the world situation. There are a lot of investors who are deep into leveraged buys. That is worrisome. The economy is slowly recovering. That is positive. The Fed says it will concentrate on jobs, that is positive. But so much can happen. No time to go asleep. Will have to wait and see what the chart says as time passes.
     
  7. thisnumbersdisconnected

    thisnumbersdisconnected
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    This is a ridiculous post, CMG, sorry to say. You obviously don't know why the founders set the Senate up with the rules they've operated under for 226 years.

    For this reason, the framers set the Senate up as a "federal" legislature, not based on the one-man-one-vote principle of the House, but with equal representation for each state. The smaller states feared that otherwise, the larger states would quickly dominate the legislative process, and they were absolutely right.

    It is for that reason the rules written by Thomas Jefferson prior to the first meeting of the Congress were designed to establish that the Senate would be the calmer, cooler, more deliberative and contemplative house. The rules which the Democrats have now chucked overboard were designed to prevent the exact domination the smaller states of 226 years ago feared, only now it has to do with polarization between the majority and minority parties. Without these rules in place, the majority party does anything it wants, and that is neither wise nor desirable, regardless of which party is in the majority. Having an uncontrolled, reckless majority from either side of the aisle acting as a loose cannon in the Senate is a recipe for disaster, and that is precisely what we will see from this point forward.

    What you, and what the Democrats, apparently do not realize is that Jefferson's rules have kept the balance of power in check since the Senate was first called to order in March, 1789. Sen. Mitch McConnell (R-KY) said yesterday the Democrats will live to rue the day they made these changes.

    I fear we all will. Literally, this could be the downfall of the United States of America. That isn't hyperbole. That is chilling fact.
     
    #7 thisnumbersdisconnected, Nov 22, 2013
    Last edited by a moderator: Nov 22, 2013
  8. Revmitchell

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    The market likes quantitative Easing nothing more.
     
    #8 Revmitchell, Nov 22, 2013
    Last edited by a moderator: Nov 22, 2013
  9. InTheLight

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    Yeah, you're quite the expert. Must be true if you say so.
     
  10. Revmitchell

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    How soon we forget:



    http://www.huffingtonpost.com/2013/06/19/bernanke-markets_n_3467940.html
     
  11. Crabtownboy

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    Very old news and no long in play. The Feds changed their mind on that one.

    Also as my broker said, Yellen is known as a supporter of low interest rates and in working to create jobs. There will be some changes, but not as soon as indicated in the article you linked to which was published last June.
     
  12. HankD

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    IMO, the stock market is like the band playing aboard the sinking Titanic.

    The big gurgle is coming when everything goes underwater.

    HankD
     
    #12 HankD, Nov 23, 2013
    Last edited: Nov 23, 2013
  13. InTheLight

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    Not only that but with the constant chatter about the bond buying being scaled back the market is being conditioned to accept it. It's hardly a secret that it's going to happen. And they're not going to pull the rug out all at once.
     
  14. Crabtownboy

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    Good point. They will be watching carefully.
     

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