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.
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7 comments:

  1. whydibuyJanuary 13, 2011 at 12:52 PM

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

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

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  2. eahilfJanuary 13, 2011 at 2:17 PM

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

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  3. CPJanuary 13, 2011 at 3:36 PM

    Sometimes trends lose their intactness.

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

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  4. eahilfJanuary 14, 2011 at 12:10 AM

    Sometimes trends lose their intactness.

    That's what trailing stop orders are for.

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  5. AnonymousJanuary 14, 2011 at 7:25 AM

    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

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  6. whydibuyJanuary 14, 2011 at 8:12 AM

    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.

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  7. CPJanuary 14, 2011 at 12:04 PM

    Trailing stop orders?

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

    ReplyDelete