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Author Topic: why is the market rising?  (Read 3830 times)

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Offline wellington1869

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why is the market rising?
« on: Tue, 27 January 2009, 17:04:17 »
record layoffs, third wave of mortgage defaults on the way, consumer sentiment at record low, and market rises two days in a row.

what gives?

(any traders here?)
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Offline itlnstln

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why is the market rising?
« Reply #1 on: Tue, 27 January 2009, 17:45:21 »
Stimulus package coming through could be part of it.  The market is black magic.  Never ask why things in the stock market happen.  They happen as a result of human feelings and emotions.  That's why you see the huge, unexplainable swings, irrational decisions, and wrong predictions (even though the reasoning is solid).  That's why I am glad I work for a privately held company.
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Offline wellington1869

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why is the market rising?
« Reply #2 on: Tue, 27 January 2009, 18:43:27 »
Quote from: itlnstln;19923
Stimulus package coming through could be part of it.  The market is black magic.  Never ask why things in the stock market happen.  They happen as a result of human feelings and emotions.  That's why you see the huge, unexplainable swings, irrational decisions, and wrong predictions (even though the reasoning is solid).  That's why I am glad I work for a privately held company.


stimulus package - true, but barry is facing republican headwinds, no? I would have thought that small optimistic market blip would happen once the bill was actually about to be signed...

Ya, definitely irrational in the short and medium terms, though I do think the longer term trends are a bit more rational.  I try to trade trends rather than short term momentum. Not that I'm all that good at that either, lol.

I wonder what volume is like these last two days. It might just be day traders going back and forth I guess.
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Offline djones

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why is the market rising?
« Reply #3 on: Tue, 27 January 2009, 22:08:16 »
so a tiny 250 point blip makes you optimistic? the 150,000 jobs lost in the last 10 days doesn't bother you at all?
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Offline wellington1869

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why is the market rising?
« Reply #4 on: Tue, 27 January 2009, 22:16:47 »
Quote from: djones;19967
so a tiny 250 point blip makes you optimistic? the 150,000 jobs lost in the last 10 days doesn't bother you at all?


lol, i'm not in the least bit optimistic, thats why I dont understand why we had a blip at all...
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Offline itlnstln

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why is the market rising?
« Reply #5 on: Wed, 28 January 2009, 06:34:05 »
Remember, too, lost jobs means more money (or less lost money) to shareholders in the form of cost cutting. :(  Thus, perhaps, the blip.  Don't try to understand the stock market, just accept.  Good husbands have already figured this out with their wives.
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Offline ashort

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why is the market rising?
« Reply #6 on: Wed, 28 January 2009, 08:38:03 »
The market can go up or down on any given day for any reason.  ALL market changes reflect the overall expectations of those buying and selling the stocks.  An upward trend at this point means either they recognize that the market over corrected down and they are righting that, or that the economy has bottomed and will be turning around soon, which is better times for owning shares of a corporation.  Following it day-to-day will drive you nuts.  If you want to follow it in any meaningful way, check it every month.  =-D
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Offline wellington1869

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why is the market rising?
« Reply #7 on: Wed, 28 January 2009, 11:31:27 »
the blip continues today... apparently on more news of bailout details, though I doubt it will pass as is.  Soros meanwhile is shorting the euro, so he's not buying into any of the optimism anyway. If I had any guts I'd short the market right now, but I'll just wait and see. There's no trend on the moving averages yet.
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Offline cmr

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why is the market rising?
« Reply #8 on: Wed, 28 January 2009, 13:06:42 »
sell gold

buy lead and brass
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Offline wellington1869

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why is the market rising?
« Reply #9 on: Wed, 28 January 2009, 16:06:36 »
Quote from: cmr;20048
sell gold

buy lead and brass


sounds bullish. I'm still quite a bit bearish!
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Offline ashort

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why is the market rising?
« Reply #10 on: Wed, 28 January 2009, 16:29:27 »
I'm putting all my money in mold.
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Andrew
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Offline wellington1869

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why is the market rising?
« Reply #11 on: Wed, 28 January 2009, 17:05:21 »
Quote from: ashort;20075
I'm putting all my money in mold.


as opposed to rust? ;)
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Offline ashort

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why is the market rising?
« Reply #12 on: Wed, 28 January 2009, 20:48:36 »
or mildew.
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Andrew
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Offline andb

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why is the market rising?
« Reply #13 on: Thu, 29 January 2009, 07:18:20 »
Quote from: ashort;20075
I'm putting all my money in mold.
Well, even when the value of your stock portfolio won't grow, the mold surely will... Sounds like a cushy investment. Or squishy?
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Offline itlnstln

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why is the market rising?
« Reply #14 on: Thu, 29 January 2009, 07:53:13 »
Quote
Originally Posted by ashort  
I'm putting all my money in mold.


Depending on the type of mold you invest in, you could really do well in the pharmaceutical market.
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Offline fkeidjn

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why is the market rising?
« Reply #15 on: Sat, 31 January 2009, 03:04:02 »
I think it's called negative growth - when the market expands, yet the GDP continues to decrease, and other signs of a recession present.
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Offline pex

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why is the market rising?
« Reply #16 on: Sat, 31 January 2009, 15:36:58 »
Quote from: cmr;20048
sell gold

buy lead and brass


gold just rose 30 bucks in the 3 days since you said that.
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Offline wellington1869

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why is the market rising?
« Reply #17 on: Sat, 31 January 2009, 18:25:57 »
we had a little correction on friday (its about time). looks like stimulus bill optimism may reign next week though. Also lot of chatter about the fed's new 'bad bank' idea (which wall street loves).
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