The market is just hanging around, and as of the current market conditions, no significant sell off should be at hand without a large pick up in desire to sell, not just from lack luster demand.
Why is this occurring? Most of the market participants think the FED has fixed the game, telegraphed policy, 0% rates for another 3 years knocked the snot out of volatility.
We are at decent overhead resistance, for now it is just causing a stall. 3 years into the cyclical bull market, however may not be the time to become totally complacent. We will be on the hunt for any meaningful pick up in the desire to sell.
D
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Contrarian market commentary and economic postings.
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2012
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February
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- ARTIFICIAL INSEMINATION
- HOME PRICES CONTINUE TO FALL
- HIGHER GAS PRICES DON'T MATTER
- VELOCITY OF MONEY
- "RECESSION SEEMS INEVITABLE"
- MEASURING RISK
- INSANE IN THE MEMBRANE
- CAN CONSUMER SPENDING FUEL RECOVERY?
- NAT GAS HEAD SCRATCHER?
- TRANSPORTS DIVERGE "warning short term top"
- SIGN OF THE TIMES?
- PROGRESS
- "JAWS OF DEATH"
- OIL THREATENS STOCK RALLY?
- “What if we all became Greeks?”
- WEAKEST IN HISTORY
- "THOUGHTS"
- WE'RE IN ANOTHER MANIA....THANKS FOR NOTHING!
- EXHAUSTION MOVE?
- KEY REVERSAL IN APPL LEADS MARKET DOWN
- WHAT IS THE YIELD ON THE US 10 YEAR TELLING US?
- FOR THOSE WHO ENJOY ELLIOTT WAVE
- "FED SHOULD HEED LESSONS OF PAST"
- MOODY'S DOWNGRADES EUROPE
- RESISTANCE ZONE
- ZOMBIE BANKING SYSTEM
- MEGAPHONE TOP?
- EXTREME READINGS GET BOUGHT
- STOCK RALLY IN TERMS OF "REAL" MONEY
- LONG TERM CHART
- Greece: One step forward, two steps back
- LACK OF
- WEEKEND POST "ALIVE AND KICKING"
- SATURDAY CHART
- YOU GOT YOURS?
- BDI AT HISTORIC LOWS "RECOVERY?"
- BEHIND THE BANK EARNINGS NUMBERS "BANKS DEPLETING ...
- MISINFORMATION SOCIETY. LET'S CHEER EMPLOYMENT DATA?
- USING BULLISH PER CENT INDEX
- The Goldman Sachs subprime scandal
- CHALLENGER REPORTS JOB CUTS ON THE RISE
- LOW RATES ACTUALLY HURT RECOVERY SAYS PIMCO's GROSS
- CONSUMER CONFIDENCE RECOVERY?
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February
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About Me
- Marc R
- Baltimore, Maryland, United States
- PROFILE FOR MY 1 SOURCE BLOG: We have over 30 years of experience and the best resources available to bring you unequaled value and customer service. We look forward to helping you with your next project with our "Creative Office Solutions" #2 PROFILE FOR MY MARKET "HOBBY" BLOG I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
4 comments:
Your attitude has change quite a bit from a couple months ago. You said we were in a bear market and lower prices are straight ahead. Now we are going higher.
I respect your analysis but you definitely misread the market here.
Do you think this might be a secular bull market?
SECULAR BULL? no I rather doubt that. All investing is managing risk, you take your best shot. The mkt did falter, and set off Bear signals, but the ship got righted.
Amazing what pouring gas on the fire can do....it's much easier calling a bottom than a top...we are now at good resistance, a good place to take a breather....looking at Lowry's stats recently...respected source...their selling power is still 130 points above the buying power...not typical of a bull, but it seems this cyclical bull had more gass in tank...
the signal to big players is we still have your back, so no one is unloading, unwinding....but its getting very one sided as well...thx for reading my blog and commenting.
http://contrarianadvisor.blogspot.com/2011/12/major-averages-in-trouble.html Here's a post I made in DEC, now what I said was "major avg's in trouble" and they were...prices had fallen below 50 and 200....but I didn't give enough weight to the higher low hitting the trendline I drew.
Honestly, I'm doing my best, I want to keep my blog going, post worthwhile opinion, info etc...7 years now...I'm also building a new business, and running myself...time consuming...trying to make more time...maybe concentrate more on weekend posts, where I don't rush to comment...take care......but I dont see at least here...where I said lower prices dead ahead....the weight suggested did chance of that then.
0% rates got us here....what happens when rates rise? This is a BS economy, but...maybe better than pay the piper and really crash...but that's still on the table
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