Replies to post #143180 on Zeev's Turnips Patch-No Politics (ZEEV)

[duper_man]

"the Gambit is running out of gas here"

mlsoft, I find myself agreeing with you on everything except the above. I can't see how the gambit is running out of gas when we are making new highs. I think you can say that if and when price breaks down but not when it breaks up. I thought upside breakouts mean the gambit is picking up steam. Of course the gambit will be over at some point but that is like saying we are all gonna die some day. Very true. The hard part is to time it just right. You could end up being right about today's price being the final high of this rally but chances are overwhelmingly against you. Just like there is always somebody that wins the lottery. It's always somebody else though.

[Paul Fakler]

The real question is: "Just how far can the hope of an economic recovery drive up the market?" It appears that it can be a long, long way...

I think more upside tomorrow a.m.

[michael03332002]

mlsoft, I still contend that ole AG has gotten himself in a jam here by keeping this going... Even IF he outlasts the slowed ecomony and things do start to turn around, what will the value of the stocks be at that time? I mean if tomm INTC comes out and says things are improving and we are taking guidance up, what then? Does it matter not 1 iota what the price of the stock is at that time? If things going forward look better, UP it goes no matter what level it is at the time?

I am having such a hard time with the fact that, not because things are going up w/o merit in realtionship to fund analysis, but its WHEN will the F/A and T/A matter again?

This is the area I think things are outta whack. If this is a new trading " trend " the fact that the market will forever be supported by AG, then balls to the wall gang and get long and dont look back. But for the life of me, its a little disconcerting when some very knowledgable and learned traders basically throw the F/A & T/A analysis out the window and place thier trade on support and resistance prices of the indexes, along with trends and the fact that some feel quite certain AG and the gang wont let the market crater. Dont get me wrong, that has been the correct thing to do since March or better said be proven right.

Its just unbelievable how stocks as a whole go up in lock step, forget about thier current price, P/E ratios, price to sales comparisons, etc. Seems all one has to do is watch the NDX, SPX, SOX or any index that matter to whatever stock they are watching and trade according to IT, not the individual stock or its valuation/price. Once again I ask, WHEN will F/A and T/A matter again?

Is it the hope of some that earnings and profits will somehow someday catch up and put things back in equalibrium? By no means am I nipping at the heels of those on here that minimize the importance of F/A & T/A in todays market, they have been right and thats that.... Just talking out the other side of my pie hole and asking silly questions.........

M