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That's not good. Let's hope they pass it today.
The house still has to vote on it bro.
SYNM! Nice Close!
LOL - I know right
STKL - Another pincher on watch
Holding SYNM
Obviously Bush was a bigger idiot, but you don't give raises to anyone if they can't get their work done on time.
Obama is an idiot.
Obama Gives Raise to Biden, Congress as Fiscal Cliff Looms
Imagine you are working for a company that is going bankrupt, but everyone you work with and your bosses are getting pay raises. Seem absurd?
Not if you work for the failing federal government, because President Obama has decreed that Vice President Biden, members of Congress, and most federal workers are getting raises for 2013.
As the U.S. government is losing its luster on the bond market and as the fiscal cliff looms, President Obama issued an executive order to give everyone raises.
Obama has generously bestowed a $6,379 per year raise on Grampa Joe; he's given members of the House a $900 increase; and he's doled out a .5 percent pay increase to federal workers.
Jeryl Bier does the math on the raises federal workers will get.
http://www.breitbart.com/Big-Government/2012/12/28/What-Fiscal-Cliff-VP-Biden-Gov-t-Workers-Getting-Raises
A lot of shorts cover on deep red days as well and that explains green days in some stocks.
We will see what happens, but I dont see a big market correction happening until after the economy stables. I don't think you have studied market history, but only chart history. Economy about to go into recession, the market dips, then while the economy is in recession and coming out of the recession, the market runs up until the economy gets stable and then it repeats.
And I don't see a trend on the chart that you are talking about. All I see is an upward trend for now.
Markets have changed. You have 10 times more volume than you had back then. It took us 3 years to double the markets, when it used to take 10-20 years to do so back in the day. I agree a big correction is near, but you won't see the dow at 8K until after the economy has recovered unless we go into a double dip recession which the feds wont let happen.
I agree with you 100%.
Definition of a bull market from the dictionary:
A bullish trend in the stock market often begins before the general economy shows clear signs of recovery.
After the economy is back to being stable for 2-3 years is when we will start a bear market. You can make money in any market.
Why does a REAL bull market have to last 20 years? . This is not the same market as 15-20 years ago, now you have millions of people trading from all over the world from their computers and not just the trading floor. That's why volatility has been at an all time high.
The fed is the reason the dow is at 13,000(QE1,QE2,and QE3) not because of a profit Citi Group posted three years ago lol. I agree this bull market won't last long. No Bull market has lasted forever. Not sure what your point is. We are already 3 years into this bull market, we can see a big correction anytime, that's why you need a good strategy, but to deny that this has not been a bull market since 2009 is ludicrous.
I think you are confusing the market with the economy. The Fed can and has created a bull market, but the fed can't create a great economy or at least they haven't done it yet.
History was made then. You don't consider 2008 till now a bull market? We nearly doubled the Dow since then thanks to the Feds QE. Sounds like a bull market to me. And yes, you have to trade cautiously and have a good strategy.
Just like we had the dot net bull market in 00s. This is the Federal Resevere QE bull market of the 10s. Who knows how long it will last
I have friends that have been out of the market since 2010 waiting for the DOW to crash to 9K-10K. They sure missed out on a lot of gains. Good luck getting that 10K. The market was not made for the cautious.
LOL If a deal is reached, here are some bottom plays that could start turning around:
AZK, RBY, CIS, STKL, SYNM, PAL,PLM, FFEX
Good job Obama. Let's see if we can get something worked out now.
Looks like we might have some sort of deal before the deadline.
Yes, it could. If we do reach a deal, we can see a big big rally. Let's see if these idiots can get something done.
Selling due to people not wanting to hold during the weekend.
Nice. Yeah, tight stops are good in this market. These are all down due to tax loss selling and can be runners if lawmakers sort out the cliff.
I'm holding all bottom plays with stop losses. RBY, AZK, PAL, CIS and PLM.
80% of my funds are in stocks. I always go with my gut feeling.
Don't understand why they are waiting until Sunday. Why not start talks from tomorrow? These guys crack me up lol.
Only people making money in this market are day traders. Not a good market for swing traders.
That's how they make their extra holiday bonus
Yeah, nice manipulation game by the politicians.
Market just sky rocketed up
LOL. Typical Tim - stealing money from investors with his BS. You should check out some of his chart videos, what a joke. Here is an example of his alert:
Bought 50,000 shared of RFY at 1.02
1 min later
Sold 50,000 shares of RFY at 1.04 for a $1,000 gain!
LOL. How is someone following him going to profit off of that in real time.
He has a software on his website to verify trades, but he doesn't use it to verify his own trades. LMAO.
I heard your trades are not verified on your own site. HAHA. You crook.
I can claim some made up BS as well. I have seen your trading techniques, it's a bunch of investor 101 basic crap that you can learn by yourself in an hour from free online sources. Everyone basically knows your a fraud. The only people buying your services are followers of fous, superman and nate. Everyone knows all your trades are full of sh*t.
Your website is a piece of crap. One of my friends paid for it and told me it was a waste of $100. First, you don't verify your trades and second you teach basic charting that someone can learn off of stockcharts.com. You're a fraud. Surprised people still pay for your crap.
Good post
A very good close on most plays
LMAO. Good one bro. These politicians really know how to manipulate markets.
These guys are lazy stubborn crooks. Why did they wait until the last minute to start talking?
FFEX - Had news today
Nice Article