Re: Airline Pilot to eat his Internet Hat
Posted: Tue 13 Mar 2012, 16:12:01
Dow Closes Above 13,000 and Nasdaq Closes Above 3,000 — First Time Ever for Both at the Same Time
Exploring Hydrocarbon Depletion
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TheAntiDoomer wrote:[
TheAntiDoomer wrote:^For me its represents a President who has taken us from DOW 6500 to DOW 13,170
TheAntiDoomer wrote:^For me its represents a President who has taken us from DOW 6500 to DOW 13,170
OilFinder2 wrote:BTW, speaking of AP, I'm browsing through the stock market thread, and around Sept-Oct 2009 he really started getting ... nervous. Total denial. Lots of doozies around ppg 55 through the sixties. For example, this oneAirlinePilot wrote:... If you stay in this market be forewarned..no country which has embarked on the monetary policy which we are currently engaged has sustained the kind of market moves we have seen in the last year. The markets are being manipulated and artificially propped up by an unsustainable effort which at some point will fail. There is Fraud here the likes of which no one has ever seen and investing your hard earned money into this giant Ponzi scheme is riskier and stupider than ever. They want you to feel left out so you can throw it all right into their pockets. I'm not fooled by it, but so many will be....
[...]
AirlinePilot wrote:OF, you have had the wool successfully pulled over your eyes. Short term does not a market make. You can come back here next year or in 18 months when the market is at 13000 and I'll eat my internet hat!
AirlinePilot wrote: I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level.
(Reuters) - The Dow closed at its highest level in more than four years on Tuesday after U.S. manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery.
The Dow now sits at levels not seen since December 2007. The gains leave the benchmark S&P 500 within about 16 points of a high reached in May 2008. A convincing break above that level could set the market up for more gains, traders said.
"That's where a lot of traders' eyes are right now - it might be tough to get through there the first time," said Michael James, senior trader at Wedbush Morgan in Los Angeles.
But the Nasdaq sold off sharply into the close on weakness in Apple (AAPL.O) and BlackBerry maker Research in Motion (RIMM.O) in a sign the market could struggle to make further headway in the short-term.
The Institute for Supply Management said U.S. manufacturing growth came in at its strongest rate in 10 months in April. That reading suggested the economy remains resilient after indications it had lost momentum at the start of the second quarter.
[...]
OilFinder2 wrote:AirlinePilot wrote: I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level.
I would suggest that if one is honest about it there appears to be serious support at the 13,000 level!
OilFinder2 wrote:OilFinder2 wrote:AirlinePilot wrote: I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level.
I would suggest that if one is honest about it there appears to be serious support at the 13,000 level!
Ahem.
>>> 13,292 <<<
dolanbaker wrote:
So now how do those figures relate to value?
dolanbaker wrote:I would consider essential commodities (foodstuffs, fuel & raw materials) as being the best indicator of value, using that definition, most currencies are losing value. Compared to commodities, most stock markets appear to be slipping.
index value change % 52 wk-h 52 wk-l
12570.95 -185.23 -1.45 13610.15 11231.78