Replies to post #146548 on Zeev's Turnips Patch-No Politics (ZEEV)

[Bullwinkle]

Trying to get a deeper understanding of market dynamics does not equal blaming this or that for ones losses. Trying to figure out what makes a market act the way it does is another thing... Being as most of us (if not all) are not privy to what it is Wall St. knows, it is commonplace to sleuth around and develop a theory for what may cause things to happen the way they do. I really think that is all that is happening here. Only a penny for my thought this time around...

[jdaasoc]

US is not only place bidding up stock prices. Someone is going to tell me AG is buying Japanese market too. <g>

Reuters
Nikkei Up Almost 2 on Economic Optimism
Sunday August 31, 10:14 pm ET

TOKYO (Reuters) - Japan's Nikkei stock average was up almost two percent in late morning trade on Monday, hitting its highest level since July last year, as growing signs of global economic recovery encouraged investors to buy high-tech issues.

On Friday, the U.S. Nasdaq index posted a new 2003 closing high for a fourth straight session after a report showing surprisingly strong growth in manufacturing in the Midwest reassured investors that an economic upswing was under way.

Japanese data on Friday showed a stronger-than-expected rise in Japanese industrial production for July, which beat a market consensus and prompted the government to upgrade its view on industrial output for the first time in a year.

Underlining investor optimism over a recovery in the world's second-largest economy, a Reuters survey, released before the Tokyo opening on Monday, showed manufacturing activity in Japan expanded at its fastest pace in more than a year last month.

The Nikkei rose as high as 10,548.27, up 1.98 percent from the previous close, before trading at 10,515.67 as of 9:46 p.m. EDT. The broader TOPIX index was up 1.47 percent at 1,016.70.

The Nikkei is poised to close at a new 13-month high, bolstered by continued buying by foreigners and individual investors, analysts said.

Monday's closure of U.S. financial markets for the Labor Day holiday so far had little impact on their investment stance.

"Since late last week, investors have changed their focus to tech issues from lower-priced steels and others," said Yusuke Sakai, manager of equities at Mizuho Securities.

"Their buying has now spread to second-tier tech issues which often are volatile and lucrative in the short term," he said, referring to such firms as SMK Corp.

Audiovisual and communications parts maker SMK was up 4.29 percent at 438 yen and coil manufacturer Toko Inc was up 5.92 percent at 340 yen.

Among large-cap tech issues, computer and chip maker NEC Corp was up 2.87 percent at 895 yen and rival Fujitsu Ltd put on 2.51 percent to 572 yen.

Fanuc Ltd, the world's biggest maker of industrial robots, was up 1.17 percent at 7,790 yen after the company late last week raised its half- and full-year profit forecasts.

[TJ Parker]

it's an "easy out" to always have AG to blame for your trades going against you

during the last week i bought and sold intel every day. i made money on it every day. there was no skill involved. how does this make sense? i dunno. i'm not complaining. if there's an insatiable hunger for intel, i'll respect that. well, respect it in the sense that i'll jump on, place a stop, and then jump off before the close.

a market like this doesn't make sense to me, because its too easy. true, the market gaps and i don't get the advantage of those gaps. in fact, early in this rally, that's all we had, gaps every day, which made the most profitable strategy one of holding overnight, which i won't do.

come to think of it, the market gaps up at the open practically every day now. in a non-trivial way. oh well.

now of course you could say, "yes, bull market! buy all dips!" perhaps. but you didn't really need to play dips all that much on intc. just play it where it lays.

(and, by the way, the choice of intc comes from my folder of "pumped" stocks that mlsoft has pointed out. so its not a random thing here. and perhaps some sort of validation for what he's generally talking about.)