At the open: Dow -0.41% to 15232. S&P -0.63% to 1640. Nasdaq -0.56% to 3449. Treasurys:...


At the open: Dow -0.41% to 15232. S&P -0.63% to 1640. Nasdaq -0.56% to 3449.
Treasurys: 30-year +0.22%. 10-yr +0.08%. 5-yr +0.03%.
Commodities: Crude -1.06% to $93.25. Gold -0.43% to $1385.85.
Currencies: Euro +0.04% vs. dollar. Yen -0.96%. Pound +0.06%.
Comments (6)
  • Teutonic Knight
    , contributor
    Comments (3579) | Send Message
     
    The market is suspect.

     

    If it is a continuing bull, then traditionally, the emerging markets and the developing overseas markets would rise ahead, followed by the U.S. VWO and EEM had been tepid and it looks as though it is only the U.S. that is hanging onto the cliffs by its nails.

     

    Scary. Very frightening indeed.

     

    But then it is no surprise, since the trend is for continuing self-hypnotize, self-mesmerize, self-congratulatory, and self-immolation!
    24 May 2013, 09:50 AM Reply Like
  • spybreaker
    , contributor
    Comments (235) | Send Message
     
    Maybe this is where the downhill move starts like it did in 2007 after the S&P topped and then dropped in 2008. We reached the third top again. You know it's time to be extreamly cautious in the markets when the big shots like Goldman sachs invites all the sheep for the slaugter by predicting the S&P ending at 1900 this year and 2100 in 2014. All said and done, I'm building lot of cash. This just can't go on forever.
    24 May 2013, 10:22 AM Reply Like
  • Teutonic Knight
    , contributor
    Comments (3579) | Send Message
     
    @spybreaker

     

    From a simple risk/reward perspective, cash seems to be king now.

     

    Let say that the market would roar up another 10% by the end of 2013, which is unlikely in my view though. If one stays in cash, at ZIRP, the worst case scenario is missing another 9.5%. But ft a crash comes, easily a 30-40% drop, you could figure out the risk/reward ratio yourself, let alone going onto the 'short' rewards!

     

    BTW, the pre-bull surge of the emerging markets that I described above is a proven indicator. It simply means that the smart money chooses to place their bets where it is on its way. Right now, it seems that the risk money is flowing back to Fortress America and in my view is a 'Risk Off' indicator. The smart guys know best, remember this!
    24 May 2013, 10:28 AM Reply Like
  • al roman
    , contributor
    Comments (17590) | Send Message
     
    Waterloo for QE ?
    24 May 2013, 10:56 AM Reply Like
  • DatabaseGuy
    , contributor
    Comments (8) | Send Message
     
    Oh geez nobody knows which way it will go, except Uncle Ben and a few buddies at GS. You think he's going to let the market drop like 2008 all over again?

     

    Just buy the dip.

     

    And yes, I read about GS telling everyone it was time to go all-in, and that scared me too, since they usually trade the opposite of what they tell everyone else to do. They think we are "muppets". Just fleecing the Golem as usual.
    24 May 2013, 12:19 PM Reply Like
  • DatabaseGuy
    , contributor
    Comments (8) | Send Message
     
    sorry misspelled a word at the end there...
    24 May 2013, 03:12 PM Reply Like
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