| Holy Dow, Batman!! Is "irrational exuberance" back |
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Kiaser
Senior Member
Cash: $ 43.05
Posts: 209
Joined: 12 Apr 2006
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| Re: Holy Dow, Batman!! Is "irrational exuberance" |
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quote:
Originally posted by coaster
Dow up almost 200 pts, NASDAQ up almost 45 points -- one of my stocks up over 10%, another up 5% -- this is nuts!! What justifies the market being up this much in one day? Expectations of the Fed not raising rates any more? I don't know. Time to start selling, maybe? What do the rest of you think? Is this justified, or not? 
Been seeing really strange market flucuations lately, good ones at that! Wish I could predict what the cause is  Personally I think things are looking up despite what I've read over the past year.
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Wed Apr 19, 2006 1:59 am |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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Good grief, coaster, you're one of those people who don't like change, huh?
I work with a guy like that...told him he'd make a good fundamental Lynch-like investor.
For example, jwhite622 took this guy's coffee coaster off of his desk. He was pretty bent out of shape...bahaha...we were entertained indeed.
The markets have been pretty horizontal for a while...they's jus' catchin' up. Also, there may be a lot of short-covering.
"Expect me when you see me."
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Wed Apr 19, 2006 2:53 am |
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jwhite622
Full Member
Cash: $ 17.25
Posts: 84
Joined: 02 Apr 2006
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quote:
Originally posted by Rolo
Good grief, coaster, you're one of those people who don't like change, huh?
I work with a guy like that...told him he'd make a good fundamental Lynch-like investor.
For example, jwhite622 took this guy's coffee coaster off of his desk. He was pretty bent out of shape...bahaha...we were entertained indeed.
The markets have been pretty horizontal for a while...they's jus' catchin' up. Also, there may be a lot of short-covering.
Take a look at the 90-2000 boom--it jumped like this off and on...I think we are going to see this through the rest of the week--80+ days
Man, I'm way too optimistic--  I hope we break that stagnant 11365 resistance...plus we need the SP and NAS to follow suite...
Coaster--I think we're really seeing this due to jacked up oil, jacked up commodities, and NO INFLATION (according to who?) our trusty government is taking care of it--just trust in them and make some money while you can...
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Wed Apr 19, 2006 3:50 am |
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