Thursday, January 13, 2011

Unprecedented

I'm hearing that the S&P 500 has not closed below its 10 day moving average for 30 days. That has never happened in 82 years of data.

7 comments:

whydibuy said...

OH no, Benny says 4% growth for '11. YIKES!!

Everyone in the bomb bunker. The end is coming. We're all gonna die!!

Eric said...

That's why you want to be very careful about being short the market. With that kind of trend intact I mean.

CP said...

Sometimes trends lose their intactness.

Oops!
http://www.google.com/finance?client=ob&q=NASDAQ:CSTR

Eric said...

Sometimes trends lose their intactness.

That's what trailing stop orders are for.

Anonymous said...

Wow this is great, investing advice from two future shoeshine boyz. Denninger would not put up with this crap for two seconds. And before he tosses them out I think he castrates them too.
I love your blog and read it every chance I get.

Morgan

whydibuy said...

Oh man.Looks like it'll be standing room only in the bomb bunker with the addition of Morgan ( the poor one , not JP ).

As for denninger, that guy is nothing but a permabear who also thinks the world is ending and we'll all be living in the trees.

Ya' know morgan ( the poor one, not JP ) for missing out on a beautiful rally since the summer, denninger's posts have become almost raving lunatic. I guess all hes got left is to bad mouth the improving economy and bull market.
I ask you, how much have you profited from his so called insights ? Nothing? I thought so.

CP said...

Trailing stop orders?

Tell that to the CSTR holders who got stopped out at 25% loss.