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.

Posted by CP at 9:51 AM

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!!

January 13, 2011 at 12:52 PM
eahilf said...

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

January 13, 2011 at 2:17 PM
CP said...

Sometimes trends lose their intactness.

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

January 13, 2011 at 3:36 PM
eahilf said...

Sometimes trends lose their intactness.

That's what trailing stop orders are for.

January 14, 2011 at 12:10 AM
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

January 14, 2011 at 7:25 AM
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.

January 14, 2011 at 8:12 AM
CP said...

Trailing stop orders?

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

January 14, 2011 at 12:04 PM

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