The S&P 500 is currently 120% above its low in March 2009 (invest, stock)

[BigCityDreamer]

S&P 500 is at 1524 and counting. Come on, people. Keep pushing this baby. :-)

[BigCityDreamer]

Just wanted to point out that I'm raising cash right now because the stock market appears to be tipping into a correction. It had a good run from mid-November to now. But I think defense is the best strategy at the moment.

[Trader8]

Looks like Uncle Ben (Bernanke) lit a fire under the market with his commentary yesterday

And those good home sales numbers appear to be fueling this inferno.

Can ya handle the HEAT?

[Sol Rosenberg]

Originally Posted by Trader8

Looks like Uncle Ben (Bernanke) lit a fire under the market with his commentary yesterday

And those good home sales numbers appear to be fueling this inferno.

Can ya handle the HEAT?

Good homes sales? Only 12K homes were completed last month. That's horrible

[Trader8]

http://news.morningstar.com/articlenet/article.aspx?id=586937


How long have ya been standin' around on the sidelines with that duffel bag stuffed with cash, Sol?

[Sol Rosenberg]

Originally Posted by Trader8

http://news.morningstar.com/articlenet/article.aspx?id=586937


How long have ya been standin' around on the sidelines with that duffel bag stuffed with cash, Sol?

Now for the details...

For one: the actual, unadjusted number of homes sold in January was a meager 31K (of which 1,000 houses sold in the $750K+ range): a tiny 4K increase from December, the same as August, and lower than all months from March to July 2012 (chart); the houses for sale rose to the highest since December 2011; the Median Price plunged to $226,400, the lowest since January 2012 and down $23k from December's $249,800. Finally of the 31K houses sold in January, just 12K were actually completed, with 10K under construction and 10K not even started. So who cares: seasonal adjustments happen all the time, and January just happens to be an important inflection point right? Yes.


New Home Sales Seasonal Adjustments Go Full Retard | Zero Hedge [LEFT]

[/LEFT]

[Trader8]

Zero Hedge and "Tyler Durden", no less


Dow now within spitting distance of that all-time high of 14,165...

[bbnetworking]

I started investing in mutual funds from 2005-2009-, then market crashed. I didn't take any money out, but I stopped investing. These funds are now fully recovered, just up 2%.

I read many books this past year, and i heard it over and over again from all the gurus. "Be greedy when everyone is fearful, be fearful when everyone is greedy". by Warren Buffett.

It just making more sense everyday... good luck investing everyone.

So is now "Everyone is greedy"? I don't think so as I think most retail investing has not come back in it. When they do the PE of S&P will go much higher, still lower than normal right now at PE of 13. I will wait until S&P goes to 2000. Then I would get scared.

[Trader8]

A lil somethin' for the doomers and bond junkies to chew on if the market stays up for another hour or so.

Courtesy of Sam 'THE MAN' Stovall:

http://finance.yahoo.com/blogs/breakout/away-february-finishes-positive-2013-huge-stovall-121953812.html


"Typically we see a give-back in February. It is, on average, the second worst performing month of the year," Stovall points out in the attached video. However, when February bucks the downtrend and instead delivers a gain on the heels of a positive January, he says the average total return for the ensuing full year has been an average of 24%.

A boxer is rarely felled by the punch he expects ... GREAT line, btw...

[Trader8]

Well, there it is ... the S&P 500 up 1.1% for the month of February.

So Stovall's indicator is IN PLAY.


Just watch out for those sucker punches ...





ya twisted freaks...