At the open: Dow +0.87% to 14961. S&P +0.9% to 1612. Nasdaq +0.92% to 3371. Treasurys:...


At the open: Dow +0.87% to 14961. S&P +0.9% to 1612. Nasdaq +0.92% to 3371.
Treasurys: 30-year -0.99%. 10-yr -0.41%. 5-yr -0.18%.
Commodities: Crude +1.3% to $95.21. Gold -0.06% to $1466.75.
Currencies: Euro +0.16% vs. dollar. Yen +1.2%. Pound -0.07%.
Comments (7)
  • Tommy_Finger
    , contributor
    Comments (316) | Send Message
     
    Well, my 1615 target has been hit....
    3 May 2013, 09:45 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Not that it can't go higher but it is getting pricey in the Price to Sales department....
    3 May 2013, 09:50 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (316) | Send Message
     
    I'm satisfied taking my profits at this point.

     

    Yes, it could go higher but I won't be chasing anything.

     

    I am surprised at how quickly my target was reached though. I may have to reconsider whether or not 1615 will be the high for the year. We'll see what happens in the months to come.
    3 May 2013, 09:57 AM Reply Like
  • Tack
    , contributor
    Comments (16256) | Send Message
     
    Again, the impact of such excesses or liquidity still outside of equities (cash, gold, Treasuries) continues to be underestimated.
    3 May 2013, 10:35 AM Reply Like
  • kwm3
    , contributor
    Comments (2454) | Send Message
     
    The weird psychology is that most investors are afraid to miss out, so they never take profits. It's like that party going on next door that you know must end, but you feel compelled to go anyway. I don't think there'll be a huge crash, but there's not much left to the party. When the FED reverses policy, people will be hurt.
    3 May 2013, 11:06 AM Reply Like
  • Financehulligan
    , contributor
    Comments (1056) | Send Message
     
    Ridiculous, not enough jobs and might make FED put an end to QE very soon.
    3 May 2013, 11:12 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    There is a sizable gap emerging in the year over year numbers between the ADP numbers and the BLS private payroll numbers....
    hmmmmm
    3 May 2013, 11:46 AM Reply Like
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