Friday Feb 5th 2010, 2pm on spot. MARKET REVERSAL! A MIRACLE?

For those who trade or for those who simply follow the stock market for pleasure, curiosity or whatever reason, today I've seen the same 'ol thing happening AGAIN!
After the sell-off we've experienced yesterday, I was starting to think that LEG DOWN N°2 was on its way.
But today, after the market started it's steady descent after 10am, at exactly 2pm est I've noticed a sudden bump up which was not showing any weakness at all.
Now, this is NOT the investor putting his money back into the markets. What is it then?
Take a wild guess...

There are so many issues that are deeply concerning investors. At home and overseas.

It just remains astonishing how things like what happened today just pass as market confidence coming back and all is good. Buying opportunities in this little pullback.
Well, maybe. Time will tell.

But one thing I can guarantee... we are not in a bull market.

THIS IS PLAIN FANTASY CAMP.

And to all the Americans out there, the markets want you to enjoy a weekend in serenity and relaxation in front of the TV watching the Superbowl not worrying about what might happen next week.

Cheers

M

Listen to TV and put your money where they tell you

I've had it now.
All I hear on tv is BS.....over BS......plus a nice dose of BS!

How come they don't comment on these issues for example?

Geithner and Bernanke: Laundering Money Through an Illegal Trust?

The Bull run is over?

First question should be: what bull run? Have we seriously had a bull run since March '09 to early January '10? Or was it all just pure manipulation led by the Fed's printing press running 24-7?
Has the economy "seriously improved" since march '09? Do people actually remember what the entire world was facing at the beginning of '09? It all looked like the world as we knew was coming to an end.
All of a sudden on March 9th, 2009 is became all good. Just like that!
Fantasy camp is something that only Cosmo Kramer lives in! Wake up folks and smell the coffee.

Now, having said that, I am not here to confirm that the stock market is going to start its next down leg....yet. But one thing I am quite sure of.....it's going to happen.
When? That I don't know, and nobody around does either.
It all depends on when the true s#]it will hit the fan and trigger the mother of all downlegs!

We may see new highs from here, for what I know. And to be honest, I wouldn't be surprised too.
This morning Obama came out with his new spending budget for 2010. A whopping $3.8 trillion!!!!
Ya, you heard that right. 3.8......TRILLION!
Now, for those of you that are good with numbers, you certainly don't need any explanation. For those instead that watch CNBC, Bloomberg TV....or Oprah.....then you better wake up and start saving whatever you have left since soon enough there are going to be some changes that you weren't aware of.
Tax cuts? I DON'T THINK SO.
But Obama said he's not going to tax more!!!! Ya, ok.......keep on dreaming.
When prices of goods start raising 5-10% per year/quarter/month...who know where they can go.....then you'll realize that whatever this Administration is doing......is DEAD WRONG!

Don't say I haven't warned ya.

Cheerz

M