More Reason To Hope Obama Fixes The Stock Market

[Recyclerz]

'Cuz, apparently, everybody wins.

Wealthy Men Give Women More Orgasms (http://www.timesonline.co.uk/tol/news/uk/science/article5537017.ece)

[jauble]

Gold diggers

[epo]

Gold diggers

I ain't saying she's a gold digger, but she ain't messin' with no *edit*

[Tenbatsuzen]

I ain't saying she's a gold digger, but she ain't messin' with no *edit*

get down girl, go 'head get down.

[epo]

18 years, 18 years

She got one of yo kids, got you for 18 years

[Tenbatsuzen]

win the super bowl drive off in a hyundai

[epo]

She was supposed to buy ya shorty Tyco with ya money

[HBox]

'Cuz, apparently, everybody wins.

Wealthy Men Give Women More Orgasms (http://www.timesonline.co.uk/tol/news/uk/science/article5537017.ece)

In other news, the sky is blue, fire is hot and water is wet.

[epo]

The Market hit 12K earlier today. I'd say he took care of that problem.

[hanso]

The other is near 3k. The last 1/4 of 2010 had record profits. Corps should use some of that to hire.

[cougarjake13]

The other is near 3k. The last 1/4 of 2010 had record profits. Corps should use some of that to hire.

everyone seems to afraid that'll all go to shit again and are just keeping their money and trying to get the work done with the manpower they have

at least thats what my job is doing

[Recyclerz]

Bump.

Dow Jones Hits All-Time High (http://finance.yahoo.com/news/dow-climbs-above-record-close-144201870.html?desktop_view_default=true)


Hey Ladies

You're welcome. :smoke: Oh, yeah.

Financially yours,
Barack Obama
Tim Geithner
Ben Bernanke

[A.J.]

Meanwhile, the 8% unemployed are just fucked.

[WRESTLINGFAN]

Happy days are here again. Take that money and use it for those higher food and fuel prices


The stock market isn't the driver of the economy

[DarkHippie]

Black guys don't eat the coochie

[WRESTLINGFAN]

Watching Al Sharpton discuss the stock market is good entertainment while I'm on the elliptical

That deadbeat sees 14,000 + and thinks its a return to prosperity meanwhile he doesn't realize that adjusted for inflation the numbers don't look good along with QE and cheap easy money


Then again what does someone whose talent is to start riots know anything about economics and finance

[sailor]

Black guys don't eat the coochie

You know the struggle?

[spoon]

Happy days are here again. Take that money and use it for those higher food and fuel prices


The stock market isn't the driver of the economy

so he fucked up AGAIN!

thanks for the clarification WF

u so funny

[WRESTLINGFAN]

so he fucked up AGAIN!

thanks for the clarification WF

u so funny

Adjusted for inflation the dow really doesn't have good numbers.


Its like if someone who hit 20 HR last year hits 50 this year because they moved the fence in 50 feet

Yes, Fucked up. Cheap and easy money.

[hanso]

Dow closed over 15k for 2nd day in a row.

[WRESTLINGFAN]

These arbitrary thresholds are meaningless due to what the federal reserve is doing.


Also less people are invested in the stock market. It's the big institutional investors and mega banks who are getting the fruits of the bubble


Again, Wall St is not an indicator of the overall economy.

[ozzie]

Also less people are invested in the stock market. It's the big institutional investors and mega banks who are getting the fruits of the bubble


My 401k is smelling pretty fruity lately.

[WRESTLINGFAN]

For a lot of people they are barely breaking even if they were in before 2007

[spoon]

For a lot of people they are barely breaking even if they were in before 2007

OBAMA'S FAULT!

and really?

fuck dividends too i guess, but your takes are so hilarious

the man could save your life and you'd sue him for scuffing your watch

[WRESTLINGFAN]

OBAMA'S FAULT!

and really?

fuck dividends too i guess, but your takes are so hilarious

the man could save your life and you'd sue him for scuffing your watch

Do you even comprehend anything? The market is no better now than in 2000

Dividends you mean his obsession with raising taxes on them if you make over a specific amount? Furthermore those dividends aren't so great when food and energy prices are up.


Obama can't even make free throws and you expect him to save a life?

[spoon]

Do you even comprehend anything? The market is no better now than in 2000

Dividends you mean his obsession with raising taxes on them if you make over a specific amount? Furthermore those dividends aren't so great when food and energy prices are up.


Obama can't even make free throws and you expect him to save a life?

why bother right!?

your points blow and EVERYONE got what you tried to imply with your IDIOTIC post on the market

It's such a pathetic, simplistic and yes, idiotic take on the market. He took over when WF? And now it is where?! And regardless of the eb and flow of the market, its direction is obviously in the right direction, even though I think its growth is not sustainable with the economy as it is and heightened at the moment. Still, your take isn't so much not understood, it's just completely biased based on where your loyalties lie and you look like a stupid asshole for even attempting to pass it off as a serious take. You're a fool, as your free throw throw-in proves further. Your stupidity is as limitless as your bias.

[WRESTLINGFAN]

why bother right!?

your points blow and EVERYONE got what you tried to imply with your IDIOTIC post on the market

It's such a pathetic, simplistic and yes, idiotic take on the market. He took over when WF? And now it is where?! And regardless of the eb and flow of the market, its direction is obviously in the right direction, even though I think its growth is not sustainable with the economy as it is and heightened at the moment. Still, your take isn't so much not understood, it's just completely biased based on where your loyalties lie and you look like a stupid asshole for even attempting to pass it off as a serious take. You're a fool, as your free throw throw-in proves further. Your stupidity is as limitless as your bias.

Until you know the reason why the market is up more than 100% you'll never get it Your density knows no limits


You just take these headlines and digest them without delving into the reasons why.


It's go along with the news spoonfed to you. GM Bailout a success, Obama rescued the economy. UE down to 7.5%

THE STOCK MARKET IS NOT THE INDICATOR OF THE ECONOMY !!!!


Go ahead and keep that hardon along with Jim Cramer

[WRESTLINGFAN]

The title of this thread is laughable. Obama can't fix a flat tire.

[spoon]

Until you know the reason why the market is up more than 100% you'll never get it Your density knows no limits


You just take these headlines and digest them without delving into the reasons why.


It's go along with the news spoonfed to you. GM Bailout a success, Obama rescued the economy. UE down to 7.5%

THE STOCK MARKET IS NOT THE INDICATOR OF THE ECONOMY !!!!


Go ahead and keep that hardon along with Jim Cramer

you simply do the things you post about huh? bc you surely didn't read my post to even hint at some of what you just did. not once did you see me post a thing here about anything you said above, it was just time once again for a wf off tangent rant loosely tied in at best. try it, read just a little. So even though I still have many reservations ABOUT the stock market being where it is, as I stated in my last post, you now flipped and insinuate IT IS doing well, but it's just not a true indicator of the economy...a point NOBODY once argued here or anywhere. In fact, the opposite has been touched on as companies horde money, hire little and worry about the market versus the actual MARKET. GM, stupid tie in again bc you can't help yourself, but still a good call, investment and protection of an industry regardless of how much you like it or the gov getting everything back...good use of funds but still should be paid back in time fully +. The market is the only person happy with unemployment at this point, as even Obama and everyone in the US wants, hopes and needs a continued, better recovery. You just want failure and push for it in spite of many successes and your take on the market is conflicting even when you cross reference your last few posts. Which is it WF? You can't even keep your bullshit straight any longer. FUCKING IDIOT...the end.

[spoon]

Go ahead and keep that hardon along with Jim Cramer

and this part too is just some bullshit tie in, as you just make shit up

I rode this market wave up until now, but have started to pull out here and there for many reasons. In fact, I have played this up very well and do not predict a fall/sell off tomorrow, but soon enough that I'll pull some assets out as to not get to close to the cliff AND potentially short the market in many areas including financial very soon.

[WRESTLINGFAN]

you simply do the things you post about huh? bc you surely didn't read my post to even hint at some of what you just did. not once did you see me post a thing here about anything you said above, it was just time once again for a wf off tangent rant loosely tied in at best. try it, read just a little. So even though I still have many reservations ABOUT the stock market being where it is, as I stated in my last post, you now flipped and insinuate IT IS doing well, but it's just not a true indicator of the economy...a point NOBODY once argued here or anywhere. In fact, the opposite has been touched on as companies horde money, hire little and worry about the market versus the actual MARKET. GM, stupid tie in again bc you can't help yourself, but still a good call, investment and protection of an industry regardless of how much you like it or the gov getting everything back...good use of funds but still should be paid back in time fully +. The market is the only person happy with unemployment at this point, as even Obama and everyone in the US wants, hopes and needs a continued, better recovery. You just want failure and push for it in spite of many successes and your take on the market is conflicting even when you cross reference your last few posts. Which is it WF? You can't even keep your bullshit straight any longer. FUCKING IDIOT...the end.

Adjusted for inflation


You seem to be missing that. I keep bringing up the economy because it all ties in. Some schlub who doesn't know the fundamentals hears 15k on the Dow and thinks all is well
Also those gains don't offset the price of fuel and food


Your GM comment has been shot down more than an old MiG

The bailout is a loser and taxpayers are still in the red

[WRESTLINGFAN]

I dumped a lot of my positions when it hit 14K

I got out of AAPL when it was over 700 back in the fall. I'm glad I did

[WRESTLINGFAN]

Speaking of CNBC half of them know very little about finance and economics

I do like to see that cute Asian Melissa Lee pretend to know what she is talking about

[Jayw]

Ya while Obama is in office we didn't just hit an all time high. My 17% gains are all imaginary, wait I think these checks might be real...

WHAT IS GOING ON!?!?!??!?! Fake checks? These checks from edward jones must be fake, I know his commision is real but why did he make them out for so much more than I invested 3 years ago.

OBAMACARE! NOBAMA! PATRIOT!!!!! NRA FOR LIFE!

[Jayw]

I went back and read some posts, but ya I was a financial planning major and had a professor that convinced me indexing is really the only way to win. Try to prove it wrong.

I feel good cashing out all of my stocks at this moment except for a very large exxon investment. I am going to roll them all into my vangaurd holdings.

The market is cyclical but right now is a great time to cement your gains and reinvest into less risky holdings.

[PapaBear]

Ya while Obama is in office we didn't just hit an all time high. My 17% gains are all imaginary, wait I think these checks might be real...

WHAT IS GOING ON!?!?!??!?! Fake checks? These checks from edward jones must be fake, I know his commision is real but why did he make them out for so much more than I invested 3 years ago.

OBAMACARE! NOBAMA! PATRIOT!!!!! NRA FOR LIFE!
I'm still trying to figure out the smoke and mirrors behind the ever increasing value of my 401K, from the non existent job that I mistakenly believe I got a year ago. That Obama is one tricky fella!

[Jayw]

Papabear, search your DVR for a program called "the retirement gamble". It was on PBS.

Actually or just follow this link. The full episode is in HD. All the points my professor stressed were covered and vindicated in this. I don't care about people getting screwed because someone will have to for you to succeed just make sure you aren't the guy in the dark.

http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/

This is a very unbiased report and I got to say many people are in trouble. These financial companies are just trying to make money, it is pretty simple to secure your future you just need to open your eyes.

[Kevin]

Buy gold!

And Obama does not need to make free throws.

His voters love free shit, they will make them for him!

AMIRITE?

[PapaBear]

I let the 401K control some of my investments, but I'm doing plenty on my own on top of that. Fortunately, I get a very nice discount on my company's stock prices. That always helps.

[Jayw]

Well that documentary opened my eyes to some things and do youself a favor and give it a shot. I can verify I paid 8k a semester to learn most of the shit it teaches.

[WRESTLINGFAN]

I played this market and did quite well. What sucks is that it's taking more cash to buy things because of the weak dollar and fed policy.


BUT OBAMA SAVED THE MARKET!!!!!!

[hanso]

Dow closed over 15k for 2nd day in a row.

3rd day now

[WRESTLINGFAN]

Last year you hit 10 HR.


This year its up to 50. They moved the fence in 100 Ft.


Kind of like how the dow is. Deflate the currency it makes the dollar cheaper and more attractive to foreign investors.

Tens of millions of food stamps and the amount of people on disability is equal to the population of Greece.

OOoooopaaaaa Pass the Souvlaki

[spoon]

Wf, still an assclown.

[Syd]

Last year you hit 10 HR.


This year its up to 50. They moved the fence in 100 Ft.


Kind of like how the dow is. Deflate the currency it makes the dollar cheaper and more attractive to foreign investors.

Tens of millions of food stamps and the amount of people on disability is equal to the population of Greece.

OOoooopaaaaa Pass the Souvlaki

Deflating would make the currency more expensive. It's attracting foreign investors because American debt is the only debt worth touching despite ever-increasing demands that dipped our notes into negative yield (we were being paid to sell our debt) Deflation primarily helps financials because any deficit they hold now will be more difficult to pay off in the future which helps boost profits. Profits that they go and use to go and do exactly what Subcomandante Marcos* said neoliberals would do: Financials went and waged war on Greece to buy up anything they could after Greece verged on default.

The EU is shaky right now because the ECB doesn't have the same sort of mandates that the Federal Reserve does. They're interested in financial health only, not economic health.

Russia is entirely dependent on hydrocarbon exports and doesn't really have the transparency necessary for most people it seems.

Brazil and India aren't major players yet and don't have the economic strength necessary for a stable investment.

China, well, they manipulate their currency for better export conditions which can run counter to sovereign debt buyers.

*Say what you will about him, but he offers the best critique of globalization out there.

[WRESTLINGFAN]

The American debt machine is not going to be around forever. There's only so much central banks especially the federal reserve can create. We will probably be long gone if we are lucky

Wait until the gold bubble bursts and the fed can't deliver on its promises because they double count what they actually have in their physical holdings and what's loaned out.

Why do central banks create money out of nothing? It grows their governments and manipulates the equities markets so they can expand and engage in more endless military occupations and adventures.

[WRESTLINGFAN]

If anyone watches that show Vice which comes on after Maher on HBO, Last night they had a segment about the Chinese real estate market and how they overbuilt and now have a glut of supply and about 11 cities with hi rises and almost no occupancy.

China measures it's GDP by buildings started and not occupancy so their numbers are inflated. Some estimates are that real estate could acct for 50% of their economy

The currency manipulation can't last forever

[hanso]

3rd day now

4th day

[WRESTLINGFAN]

Markets are closed today and tomorrow

[spoon]

Markets are closed today and tomorrow

tomorrow

5th day

(some good ole wf bullshit throw back in his own alomaschneider face)

:smoke:

[hanso]

tomorrow

5th day

(some good ole wf bullshit throw back in his own alomaschneider face)

:smoke:

Hes cracking, if its closed it can't go up (going up is good/ Dow= Corp.profit)

[WRESTLINGFAN]

Hes cracking, if its closed it can't go up (going up is good/ Dow= Corp.profit)


You keep missing the point why the bubble is inflating again

[hanso]

Looks like Dow closing over 15k may have ran a second week. I did not get a newspaper the other day, but I'll guess that day was same.

[spoon]

Hes cracking, if its closed it can't go up (going up is good/ Dow= Corp.profit)

oh he's FAR beyond cracking!

[WRESTLINGFAN]

Congrats . It will cost you more to buy those burgers steaks dogs etc for your memorial day cookout

[spoon]

thanks!

[WRESTLINGFAN]

Occupy the butcher

[spoon]

boo

[hanso]

Looks like Dow closing over 15k may have ran a second week. I did not get a newspaper the other day, but I'll guess that day was same.

3 weeks now, boy the Lib. media just won't stop squawking over this

[WRESTLINGFAN]

The Stock Market Is Not The Leading Factor Of The Economy

[spoon]

Nope, it has zero importance if going well. If not, it would surely be all over your posts and hence all your favorite outlets.

[WRESTLINGFAN]

Zero importance like QE and the fed buying 85 billion a month in securities


Low info voters don't care . They consume the 15k Dow fed to them by CNBC

[spoon]

nobody watches msnbc you ass

low info voters again huh

don't agree with WF, LOW INFO VOTER!

sounds like they have plenty of info, just not the info you fucking agree with

there IS a huge difference parrot

[spoon]

and the stock market impacts the people you think eat it up VERY little and they KNOW IT

surely they aren't EATING IT UP as you state, but you're a low info, high volume shit/obama hard on poster

[spoon]

and forgot, ALL OVER THE FUCKING PLACE!

you have political tourrettes, idiot simplex one form

[WRESTLINGFAN]

I said cnbc

Your average clod watches Jim Cramer looked out like someone on a coke binge



Gullible low info voters see a shiny number and they get boners, at the same time they're bitching about how much it costs to fill up the Camry

[Jayw]

Vanguard.com. Invest all your money and win. Though it would be better to wait for the next crash like I did. But still lowest fees, lowest expense ratios in the world, you can't lose. I recommend investing at least 10k and taking advantage of the very low admiral expense ratios.

Most every fund is an index fund which invests in the market as a whole instead of an individual stock. It's called history and the market will continue to grow, unless life as we know it ends and the world powers nuke each other. Then I can't guarantee anything.

[Jayw]

If anyone watches that show Vice which comes on after Maher on HBO, Last night they had a segment about the Chinese real estate market and how they overbuilt and now have a glut of supply and about 11 cities with hi rises and almost no occupancy.

China measures it's GDP by buildings started and not occupancy so their numbers are inflated. Some estimates are that real estate could acct for 50% of their economy

The currency manipulation can't last forever

This just shows how you only post what you want to think is true. 60 minutes beat VICE to this story by a few weeks and did a very in depth report. The reason the real estate ghost towns are booming is because China only allows its citizens to invest in real estate. They are not allowed to invest in ANYTHING else. Yes they are overbuilding but each one of those buildings is someones retirement. TBH it is fucking scary and I have no idea what they are thinking. So instead of buying stock or bonds they are only allowed to invest in real estate, who the fuck do they think is going to move into these places?

[WRESTLINGFAN]

Who is going to retire in those huge structures? The 700 million or so who are still living in squalor

Those huge cities like Shanghai and Beijing is what the propagandists in their gov't want everyone to see.

[Jayw]

Seriously, wtf are they thinking is going to happen?

[hanso]

When I posted Lib. media reporting the Dow closing @ 15k for 3 weeks it was sarcasm.

[WRESTLINGFAN]

Dow tanks 200 + points on fears that the latest fed scheme is going to slow down or end.

[spoon]

So now it's their fault, but when good no way. You are simply too much.

[WRESTLINGFAN]

I'm pointing out that these gains were basically built on a house of cards of cheap money

[spoon]

Barely under 15k

[Syd]

I'm pointing out that these gains were basically built on a house of cards of cheap money

http://i.imgur.com/ErmbfsU.jpg

[hanso]

Barely under 15k

Lol he never bothers with the closing # just that it fell. BTW the market is volatile, and the rest of the worlds markets also tumbled.

[WRESTLINGFAN]

You still don't get it


It's hopeless.

[WRESTLINGFAN]

http://i.imgur.com/ErmbfsU.jpg



Was that altered ?

100 million were killed in the name of the state in the 20th century


Don't make the excuse that it wasn't practiced the right way.

I don't know what system you are advocating for , I'll speculate and say socialism or communism


Notice under those systems it's for everyone else except for the socialist and communist

[WRESTLINGFAN]

Barely under 15k


40 points under 15K

Barely would be 14,999

[ozzie]

So now it's their fault, but when good no way. You are simply too much.

I had the same argument with a guy yesterday.

While the market was going up, it had nothing to do with the fed, and was no indication of an improving economy.

It takes a dip?

"See! Gee thanks, Obama!"

http://thepoliticalcarnival.net/wp-content/uploads/2013/05/bikini-graph-May-2013-private-sector.jpg

[WRESTLINGFAN]

The market going up has everything to do with the fed buying 85 billion a month in mortgages. It's cheap money being pumped out

Those job numbers? Nothing to brag about. Labor participation rate is dismal. The amount of jobs created isn't keeping up with population growth

But hey. Let's start making plans to put Baracks face on Mt Rushmore

[WRESTLINGFAN]

Improving economy?

The amount of food stamp recipients and people claiming disability is not an improving economy

The worse the recession the better the recovery. Unfortunately that has not happened with 4.5 years of Barack

2% growth is pathetic

[hanso]

http://static1.businessinsider.com/image/51b07be569bedd3543000004-1502-1127-620-/spx-50-day-moving-average.png

Miller Tabak's Chief Technical Market Strategist Jonathan Krinsky says now, "all eyes are on the [S&P 500's 50-day moving average]," and asks, "Will it hold?"

In a note to clients this morning, Krinsky writes:

We have been looking for the SPX to test its 50 DMA, which currently sits at 1604. Specifically, on Monday we wrote:

“…as we look ahead into June, we think the odds of an 8th consecutive monthly gain become slim. That is not to say we are expecting a major downturn, but we think a test of the still rising 50 DMA around 1600 should not be surprising. 1597-1600 also represents the April highs. Below that, the 1576 area will likely be defended as it was prior resistance from October 2007, and represents a major multi-year breakout level.”

all eyes are on the [S&P 500's 50-day moving average]

http://www.businessinsider.com/sp-500-to-test-50-day-moving-average-2013-6

[Syd]

Was that altered ?

100 million were killed in the name of the state in the 20th century


Don't make the excuse that it wasn't practiced the right way.

In a free market, the market will figure out the most desirable way to practice capitalism. That's the point of a free market, right? That it can choose to operate how it wishes.

I don't know what system you are advocating for , I'll speculate and say socialism or communism

http://i.imgur.com/fRvWNCe.jpg

[spoon]

40 points under 15K

Barely would be 14,999


Hilarious!

[hanso]

http://static6.businessinsider.com/image/51b048c7ecad046a3a000001-456-342/c09987976127f29fb544b4cb2e0158791jpg-1.jpg

This one goes back to 2009

[brettmojo]

http://static6.businessinsider.com/image/51b048c7ecad046a3a000001-456-342/c09987976127f29fb544b4cb2e0158791jpg-1.jpg

This one goes back to 2009

Economic recovery.

Sexy since 2009.

[WRESTLINGFAN]

In 2008 there was about 800 billion on the Feds balance sheet, today that amount is over 3 trillion.

Throw in all the rounds of QE as well as operation twist and other schemes and voila the equities markets become reinflated

Recovery? What low standards

[hanso]

The fed fiddles with the economy we know this its not some revelation

[WRESTLINGFAN]

The fed has been responsible for the many bubbles and bursts over the last 100 years

When there was a bi partisan bill in the house to audit it last year , Reid killed it in the Senate

[WRESTLINGFAN]

In a free market, the market will figure out the most desirable way to practice capitalism. That's the point of a free market, right? That it can choose to operate how it wishes.



http://i.imgur.com/fRvWNCe.jpg

Blasphemy!!!

Let's have more government manipulation . Barack is a weakling with his Keynesian philosophy. Nationalize everything dammit !!

[hanso]

The fed has been responsible for the many bubbles and bursts over the last 100 years

When there was a bi partisan bill in the house to audit it last year , Reid killed it in the Senate

Audit what? We don't need the GOP to screw up the economy again. Keynesian is like tussin gotta let it work.

[WRESTLINGFAN]

Audit what? We don't need the GOP to screw up the economy again. Keynesian is like tussin gotta let it work.



Audit the federal reserve.

Its not just the GOP who screws up the economy both parties have done so for the past 100 years

[WRESTLINGFAN]

Where's this economic boom?

If you own a store who takes EBT then it's been great


Our GDP growth is an embarrassment

[hanso]

Where's this economic boom?

If you own a store who takes EBT then it's been great


Our GDP growth is an embarrassment

Considering all the public sector cutting I'd say its done well, and why would we want to implement such things under down time? audit fed etc, it's like the right wants it to fail.

[WRESTLINGFAN]

2% GDP growth , 47 million on food stamps , a labor force at miserable levels is not doing well.


The federal reserve is actually a private institution. It should be audited

[hanso]

The stuff they did/want to do made it far worse. They can stick to being pragmatic or go suck a fat one

[spoon]

Considering all the public sector cutting I'd say its done well, and why would we want to implement such things under down time? audit fed etc, it's like the right wants it to fail.

ding ding ding ding!

end of story

[WRESTLINGFAN]

Ding ding ding

You have low standards

[spoon]

I do converse with u here all too often. Congrats on your first solid point.

[WRESTLINGFAN]

Good one

[spoon]

yes, your only "good one"

[spoon]

erratic dow almost back to 15k

OBAMA!!!

[ozzie]

http://img.pandawhale.com/44030-Thanks-Obama-plunger-shit-gif-TWSw.gif

[hanso]

http://static1.businessinsider.com/image/51b07be569bedd3543000004-1502-1127-620-/spx-50-day-moving-average.png

Miller Tabak's Chief Technical Market Strategist Jonathan Krinsky says now, "all eyes are on the [S&P 500's 50-day moving average]," and asks, "Will it hold?"

In a note to clients this morning, Krinsky writes:

We have been looking for the SPX to test its 50 DMA, which currently sits at 1604. Specifically, on Monday we wrote:

“…as we look ahead into June, we think the odds of an 8th consecutive monthly gain become slim. That is not to say we are expecting a major downturn, but we think a test of the still rising 50 DMA around 1600 should not be surprising. 1597-1600 also represents the April highs. Below that, the 1576 area will likely be defended as it was prior resistance from October 2007, and represents a major multi-year breakout level.”

all eyes are on the [S&P 500's 50-day moving average]

http://www.businessinsider.com/sp-500-to-test-50-day-moving-average-2013-6

It has kept above 16k

[hanso]

1.6k *

[WRESTLINGFAN]

Uh oh

Big sell off yesterday. Wall St is worried that Helicopter Ben might slow down the spigots

[hanso]

Saw the closing numbers all 3 look good, Nasdaq had been closing well all along also btw (all 3 have)

[hanso]

Stocks are set to slide a day after the Fed outlines its thoughts on the economy and how it will taper stimulus efforts.

Just from talks of it..mr. anti keynesian WF

Found a good site it shows updates in real time at top

http://finance.yahoo.com/

I think the party of no killing the farm bill may have played a part also.

[WRESTLINGFAN]

UE claims spiked up this week also a factor of the mkts tanking


That farm bill is shit. More corporate welfare tucked into it for Monsanto

[hanso]

NVM the farm bill I had in reversed it had the largest cuts in food stamps in a generation

Almost sure corporate welfare tucked into most all bills

[WRESTLINGFAN]

Another sea of red. The boys in downtown NYC still ain't happy that the Feds wanna slow down the easy money

[spoon]

they'll get over it, as soon as they close on all their options

[WRESTLINGFAN]

Back to record levels as Helicopter Ben is going to continue pumping the drugs to Wall St

[Recyclerz]

Back to record levels as Helicopter Ben is going to continue pumping the drugs to Wall St

Markets are never wrong. :innocent:

[WRESTLINGFAN]

Dow down 6% since beginning of year, Yellin will have to get those printing presses rolling

[spoon]

Not a true indicator when up i thought. U can't have it in all directions ass.

[WRESTLINGFAN]

The fed recently announced that it would be scaling back on the QE by 10 billion dollars, that's a factor why the dow is way below 16K now. If Yellin decides to revert back to 85 billion watch the bubble inflate again

Sure bad earnings and the emerging markets aren't helping but this market is all about cheap and easy money

[spoon]

when wasn't it about that?