Seeking Alpha

Market recap: Stocks eked out slight gains, with the S&P logging its sixth straight winning...

Market recap: Stocks eked out slight gains, with the S&P logging its sixth straight winning session, despite a disappointing Chinese trade report that raised worries over slowing global growth. Stocks have inched forward all week on hopes for central bank intervention, but each move forward seems to have "a painful feel to it." Decliners topped advancers seven to six on the NYSE.
Comments (19)
  • berniespear
    , contributor
    Comments (220) | Send Message
     
    Don't fight it!
    10 Aug 2012, 04:26 PM Reply Like
  • J 457
    , contributor
    Comments (938) | Send Message
     
    Dude, don't be a rookie. The investment bank is selling to the retail buyer....unloading....... story as last year. When will we ever learn.
    10 Aug 2012, 04:57 PM Reply Like
  • Chris Bersaw
    , contributor
    Comments (582) | Send Message
     
    If institutions were selling, that's called distribution and this market would drop like a stone and that's not happening.
    10 Aug 2012, 07:04 PM Reply Like
  • J 457
    , contributor
    Comments (938) | Send Message
     
    Redemption's my boy. Every week for the last several months. Retail is gone. Funds are stagnant and loosing money as retail bails. If no QE soon you'll be looking at a few hundred pt SPX drop in a week.
    10 Aug 2012, 07:17 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9920) | Send Message
     
    chris,
    Institutions (pension funds) just don't own that much of markets anymore. Recent reports show pension funds at lowest allocation to equities in many years. Volumes on markets down by over 30% from last couple of years. Trade bots control the markets now. When they hit the exit doors, it could be all over for markets very quickly.
    11 Aug 2012, 12:41 AM Reply Like
  • berniespear
    , contributor
    Comments (220) | Send Message
     
    Still thinking this?

     

    Seems like someone else is the rookie.

     

    I'm not saying to go all in for the long haul, but don't fight it!
    16 Aug 2012, 03:25 PM Reply Like
  • wapiti
    , contributor
    Comments (694) | Send Message
     
    FED and PPT buying Short covering as well check out the punk volume...no real buyers out there
    10 Aug 2012, 04:39 PM Reply Like
  • berniespear
    , contributor
    Comments (220) | Send Message
     
    Thanks for rewriting what every other talking head and online commenter has said a million times already this week.
    10 Aug 2012, 04:43 PM Reply Like
  • J 457
    , contributor
    Comments (938) | Send Message
     
    Any idiot could spot this top since last Friday. No volume, VIX below 15, SPX stuck in mud at 1,400 for last week. Wake me at SPX 1,250 so I can buy again. That is except for coal..
    10 Aug 2012, 04:54 PM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    The S&P 500 was flat in the first 4 years of Dubbya, it is up 100%+ under Obama....

     

    That shooshalist....
    10 Aug 2012, 05:00 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Huh, same trend for foodstamps. Go Obummer!
    10 Aug 2012, 05:16 PM Reply Like
  • J 457
    , contributor
    Comments (938) | Send Message
     
    And to think, it only cost 5 trillion to inflate SPX 500 pts. Is that a bargain, I don't know. Who got rich off this scam, certainly not me. WHAT- now you want me to pay back all the debt used to ramp the markets that benefited Wall St the last four years? You mean they keep all the profits and leave the taxpayer with all the debt. Hmmm. Guess its same as it ever was. They should have taught us about all this in skool.
    10 Aug 2012, 06:06 PM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    The gain was 700+ points...you need some math. But as you said: "they should have taught us about all this in skool"....
    10 Aug 2012, 06:17 PM Reply Like
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    koolaid really? did you forget 9-11? did you forget the run from 768 to 1576 under GW.
    you want some records - obama is breaking them left and right - 40 year poverty records, a record 100mil on federal welfare, drop in americans net worth 38%, 5 trillion in added debt in just a few years, 50 million on food stamps - all time high; disability claims exceeding so-called new jobs, real unemployment rate 15% - pushing 20% and higher for blacks and other minorities, more debt added under obama than all prior administrations combined; more money spent by obama (than GW) for wars and more solder deaths under obama
    10 Aug 2012, 06:39 PM Reply Like
  • J 457
    , contributor
    Comments (938) | Send Message
     
    Actually is was about 750 if you measure from the most recent intra-day low March 2 2009 to 1,410. I know, I was there. Seems I can't get much by a smart guy like you. Let me guess, you must have studied under one of them Obama edumucational plans. You haven't got this figured out yet, have you???
    10 Aug 2012, 07:24 PM Reply Like
  • J 457
    , contributor
    Comments (938) | Send Message
     
    "disability claims exceeding so-called new jobs." Seriously, is that true? I've not heard that one yet. If true, that's pretty darn sad. The debt is what worries me most. Most don't understand it's not all about housing stimulus, it's about servicing the interest on the debt. Do some stats on what % of taxpayer revenue would be paid to interest on debt and THAT is the scariest chart of all. Imagine a more realistic 30-yr at 13%, or a 10-yr at 8-9%, or a 2-yr at 4%, seems all the services will evaporate for sake of interest payment. Then find out who the US owes the money to...the middle class is being robbed and they don't even realize it.
    10 Aug 2012, 07:30 PM Reply Like
  • mikeyshark
    , contributor
    Comments (3) | Send Message
     
    "The s&p was flat in the 1st 4 yrs of Dubbya" Hmmmm, let's see, first we had the biggest asset bubble burst since the automobile, and at the same time we had the biggest terrorist attack on American soil ever. S&P being flat thru that is amazing. The only reason the markets are up under Obummer is because of the Fed's liquidity and easing. This market doesn't trade on fundamentals anymore. Everyone is addicted to QE
    11 Aug 2012, 10:30 AM Reply Like
  • mikeyshark
    , contributor
    Comments (3) | Send Message
     
    Montanamark, couldn't have said it any better, although there is SO much more to add to that list
    11 Aug 2012, 10:30 AM Reply Like
  • eagle1003
    , contributor
    Comments (1460) | Send Message
     
    This rally is not about distribution all. That can only occur when there are plenty of buyers (retail suckers) for the millions of shares the smart money has accumulated starting last October. The volume just isn't there and the news is too negative. The retail investor is still waiting for all the various crisis to disappear and so do nothing while the market advances. That doesn't mean we couldn't have a nasty correction, but low volume means were not at the final top.
    11 Aug 2012, 04:02 PM Reply Like
DJIA (DIA) S&P 500 (SPY)