10 year bond spike impact?

[JoshMclean]

What does everyone think about this rally? Extended bear market rally or manipulation that could take this thing much higher? All data says that this should not be happening, but it continues to rise. Is the 200 dma the key here?

We need an investing forum.

 

[JoshMclean]

Interesting article here

What Was THAT? (Friday Market Close) - The Market Ticker

 

[goofer]

What does everyone think about this rally? Extended bear market rally or manipulation that could take this thing much higher? All data says that this should not be happening, but it continues to rise. Is the 200 dma the key here?

We need an investing forum.

My target has been SPX 935. It is close enough at 920 for me to have started liquidating and selling in the money calls on stocks and shorting spy's. The stock mkt has been discounting a recovery in the real economy. I believe that the statistics coming out have shown only a tepid recovery taking place or at least that the economy has stopped imploding. With high and growing unemployment, a weak dollar and consequently higher commodity prices, a economy killing deficit and higher interest rates, the international tensions, and general malaise world-wide, it seems the stock mkt is quickly running out of gas. At best I can only see a range bound mkt and at worst a revisit to sub 800 SPX. It is time to be cautious and take advantage of the huge rally that has been a gift to many of us. We will have another chance to buy stocks at lower levels. The great driver of consumer spending was the ability to use housing as an ATM machine. Those days are over. The "green shoots " that have sprouted may be short lived.

 

[scooterbug44]

Interesting article here

What Was THAT? (Friday Market Close) - The Market Ticker

That is interesting! I didn't understand most of it, but I got the gist that something bad/sketchy definitely happened!

I hope it was someone taking a legitimate hit, not someone deliberately screwing with the system, but ........

 

[Mango]

I hope you aren't making fun of my heritage!!!

Shelly is in Scotland fetching Sean Connery for us.

 

[scooterbug44]

Sean Connery Jr. please - he finally hit "old" in Entrapment.

 

[Lynnie]

Interesting article here

What Was THAT? (Friday Market Close) - The Market Ticker

Very interesting article. So, watch Asia when they open this evening and make preparations early tomorrow.

 

[JoshMclean]

Tomorrow is a big day with GM bk first thing in the morning along with 3 month and month bond auctions at noon.

 

[Lynnie]

Oooh, thanks for reminding me. Have you checked the other markets, yet?

 

[JoshMclean]

China is flying right now and futures are up 31 as of now. Apparently some news here is supposed to come out at 10 tonight. Could we be bailing out GM with more money?