TromboneAl
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 30, 2006
- Messages
- 12,880
Calling the top.
Does this mean cash is king again?
Dammit.I don't want to jinx anything. Honest. Do not fear.
Dammit.
I can hear the lifeguards now: "*TWeeeeEET!* Everybody out of the pool!!"
Shoot, today's a holiday, so we need to wait until tomorrow to see what kind of bloodbath will result from this thread.
More like the unrest in the Middle East will spook markets or give people excuse to take some profits.
Irony is the more they protest, the higher oil and gas prices spike. I read a scroll at the gym that gas prices are going up despite high supplies.
So that just probably helps boost other commodity prices, which was part of their complaint, about the increase in food prices among other things.
Doesn't mean they shouldn't protest but it's having the opposite effect from what they probably desired.
For people whose own government is prepared to fire anti-aircraft guns at them, I don't think the price of gas is probably their #1 preoccupation.Irony is the more they protest, the higher oil and gas prices spike. I read a scroll at the gym that gas prices are going up despite high supplies.
So that just probably helps boost other commodity prices, which was part of their complaint, about the increase in food prices among other things.
Doesn't mean they shouldn't protest but it's having the opposite effect from what they probably desired.
While I think this thread signals the start of a correction, let is step back a bit. The economic data has been trending upward and there are lots of signs that the economy is sufficiently on the mend that the next year or two should see unemployment decline. While the Middle Eastern issues are a bit troubling, I note that Saudi Arabis, Abu Dhabi, and a host of other major oil exporters do not seem to be in deep trouble (via pretty much bribing everyone with petrodollars/petroyuan). So short term fluctuations aside, its not hard to make a case that equity valuations ought to be normalizing (i.e. moving upwards) over the next couple of years.
Unfortunately no one wants to pay for covered calls that are 16% out of the money...What is troubling to me Brewer is that equity levels are within 15% of all time levels.
Are you doing this, or is this a joke? If you are serious, can you tell us more about your thought processes?No need to worry as I'm going all cash in the morning so the market is guaranteed to continue going up for many months yet.
This market is taking my breath away and still seems to be headed up, up, up.