| To: chartseer who wrote (37052) | 8/28/2012 2:46:22 PM | | From: GROUND ZERO™ | | | | Under "normal" market conditions, I would fully agree with you... but this market is so completely manipulated and this is also an election year, you have to expect that the FED is doing everything it can to keep this market from collapsing... wait until January if you want to see a market collapse...
GZ |
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| To: GROUND ZERO™ who wrote (37056) | 8/28/2012 2:55:51 PM | | From: FCom777 | | | | What makes you think the powers that be want Obami back ? Based on your logic, wouldn't that be the fundamental reason why the manipulators would push the market higher thru election day?
I frankly think they want Romney in there .... although they did publish a report some time ago suggesting Romney would can Bernanke ... I don't believe that for a second - plus I'm not sure the Prez could if he wanted to. Wasn't Bernanke just recently elected to a multi year term? What is it 5 years for Fed Chairman?
I'm not sure ..
This market action looks like big time distribution to me - if so, we should be heading lower soon. |
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| To: FCom777 who wrote (37058) | 8/28/2012 3:05:29 PM | | From: chartseer | | | | Eventually we will be heading down. It all is when? September starts Saturday. Then October 30 days after that. I always fear being long for September and October. But hey that is only me.When I worked at the stock exchange I always had my 401k in market index funds until September and October then I switched to bond funds. Thene back again in November until the next September. Missed the big sell offs.
Ah! Those were the days my friends
I thought they would never end. |
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| To: GROUND ZERO™ who wrote (37055) | 8/28/2012 3:07:37 PM | | From: SGJ | | | | but this market is so completely manipulated and this is also an election year, you have to expect that the FED is doing everything it can to keep this market from collapsing...
Exactly, just look at the bond market for example. |
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| To: SGJ who wrote (37060) | 8/28/2012 3:13:49 PM | | From: GROUND ZERO™ | | | | In fact, I was just thinking the exact same thing, I'm closing out my long bonds today, I bought the TLT, so I'm dumping them before the close, especially if I expect stocks to rally from here...
EDIT: just closed them out, a nice one day profit for the effort...
GZ |
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