We all know that the market is overvalued and we are double dipping. So when does the market agree?

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Author: [Investments] Topic: We all know that the market is overvalued and we are double dipping. So when does the market agree?
JEFFMARKETCAP PM JEFFMARKETCAP
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Posted: 10/14/2012 8:15:47 PM
this past year has me shaking my head. I feel like the market should be on ESPN's Come on man.   We are practically at a new high for the markets and the economy is crap.  Really?  This is getting rediculous.  We all know the market is a rigged game but come on man!  this is getting to be too much. 
wallstreetcappers PM wallstreetcappers
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Posted: 10/14/2012 8:20:16 PM
I think the market is weighing on the FED knowing at any sign of weakness they come in with promises of heavy quantitative easing.

I've never seen the FED more active in propping the market, even back to the Greenspam days when he would yack in the media constantly.
JEFFMARKETCAP PM JEFFMARKETCAP
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Posted: 10/14/2012 8:26:00 PM
Walls, we have been in the market for a long time.  We both know this thing is coming down and it's only a matter of time.  I have options on TZA at the moment.   What do you have?  This is a really good opportunity to make some serious money IMO.
JEFFMARKETCAP PM JEFFMARKETCAP
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Posted: 10/14/2012 8:27:40 PM
I saw Atlas Shurgged yesterday and I think that that is where we will be in a few years.  Was a good movie.  4k on the dow
wallstreetcappers PM wallstreetcappers
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Posted: 10/14/2012 9:22:54 PM
I have some FAZ and some Vixx ETF shares..lots of cash sitting as it has for years.

sparty444 PM sparty444
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Posted: 10/14/2012 10:22:28 PM

A market drop to 4000 isn't even worth talking about. A drop of that magnitude would lead to a revert back to feudal society and a temporary anarchy.

The powers that be will give up power and/or wealth before that level was to occur. Their wealth has no value without structured society.

 

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