Weekly Bull/Bear Recap: Apr 25-29, 2011

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Sat, 04/30/2011 - 11:29 | 1223955 PingaYourFace
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So, basically, BTFD? Or am I missing something?

Sat, 04/30/2011 - 19:20 | 1224583 Intellectual Chaos
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If people are dumb enough to wake up at 4 in the morning to watch a bunch of english monarchs tie the knot and believe that it has some political relevance then they are certainly gullible enough to believe Ben Benankinstein and his mad scientist creation of our economy and thereby will keep buying this market.  It's really that simple.

Sat, 04/30/2011 - 11:33 | 1223960 CrashisOptimistic
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And not a word about the only thing that matters.

$114.

Sat, 04/30/2011 - 11:36 | 1223967 PingaYourFace
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They are just trying to keep enough bearish sentiment in place to suck in some shorts that the HFT's can continously squeeze out. That close on friday looked like a bunch of margin calls popping.

Sat, 04/30/2011 - 11:59 | 1224015 DavidC
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That was very weird, 30-40 points on the Dow in about 3 minutes at the close.

DavidC

Sat, 04/30/2011 - 11:39 | 1223974 SwingForce
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Second Friday Night Economic Bomb Sends Gold Surging To $1,566 As Ireland Slashes Outlook


And another economic fail, this time an attempt from Ireland to bury bad news on a royal wedding, later afternoon Friday:

  • Ireland revises 2011 GDP growth to +0.8% from +1.7%; 2012 to +2.5% from 3.2%
  • Irish govt revises 2013 deficit forecast to 7.2% from 5.8%; 2012 to 4.7% from 2.8%.
  • Ireland revises 2011 debt/GDP forecast to 111% from 98.6%; 2012 to 116% from 102%

Sat, 04/30/2011 - 11:52 | 1223995 uformula
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CrashisOptimistic, ----- Check out the "bad news" link under

- …and speaking of consumer confidence, we got more bad news on that front as well as the Gallup Poll reports yet more deterioration.  The Bloomberg Consumer Comfort survey has followed suit as well.  Meanwhile, UK consumer confidence is probing the 2009 depths of despair (austerity is a sharp double-edged sword).

for your oil news. 

Sat, 04/30/2011 - 11:58 | 1224018 mberry8870
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I tried to post the following ling on my face book account and got the following message: This message contains blocked content that has previously been flagged as abusive or spammy. Let us know if you think this is an error.

http://www.youtube.com/watch?v=GTQnarzmTOc

Speaking of things that make you go Hmmmmmm....

Sat, 04/30/2011 - 13:15 | 1224115 bmwm395
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Thought that video was great. It linked fin to my facebook.

Sat, 04/30/2011 - 12:01 | 1224026 DavidC
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Yup, all bad news this week completely ignored (well, Benny was on TV in the US and we had a Royal Wedding to look forward to in the UK).

Fukushima and the tsunami now just a footnote in history, S&P's US rating change to AAA negative just a late April Fool joke, everything from 2008 now resolved and improved...

I feel ill.

DavidC

Sat, 04/30/2011 - 12:06 | 1224028 RobotTrader
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After missing a 6200 point rally in the Dow the last 2 years, Rosie finally capitulates and goes long:

http://pragcap.com/david-rosenberg-turns-bullish

Now if we can only get Nic Lenoir, Paul Farrell, and Jeffrey Gundlach to go long, the rest of us can short huge....

LOL....

 

Sat, 04/30/2011 - 12:30 | 1224034 mfoste1
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no such thing as a bear event anymore....global catastrophes are now bullish. dynamics for a bear event to be present will be preceeded only by a sharp liquidity reduction. topping processes take time to develop, and markets arent even there yet, the bull run is in very strong force now. dont be stupid and try to sell rallies, just btfd if you wanna make money. I still cant believe people are trying to short this, they need to turn off the news and watch their charts. there is still lot of time left to follow the money and just btfd.

pres election next year, so its highly unlikely the markets will go down the tube. The fact that many people are still bearish is a good contrarian sentiment for further gains in equities and commodities, short usd. When there are no more bears left, then its time to worry.

Corporates are making record profits, so you must ask yourself this question, why are they hoarding all this cash?hmm This is playing out somewhat similar to 08, only thing is that housing, credit and labor markets are already in the toilet. When the next crash does finally happen, it will be more devastating than anything ever seen in modern human history. until then, party like its 2006!

Sat, 04/30/2011 - 13:33 | 1224140 Jovil
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Can you imagine Mexico getting a higher credit score than the US?

http://lonerangersilver.wordpress.com/2011/04/30/u-s-gets-c-credit-ratin...

Sat, 04/30/2011 - 13:42 | 1224158 legal eagle
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Is gold and silver up bear, or bull?

Sat, 04/30/2011 - 16:37 | 1224414 smlbizman
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so insiders continue to sell at a mad pace.....but stock buybacks are up....what am i missing?

Sat, 04/30/2011 - 19:59 | 1224635 Dixie Rect
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I gots the toe jam, who gots the peanut butter?

 

Sat, 04/30/2011 - 20:08 | 1224640 knowless
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russia banning exports of refined oil products, liberal party leaders call to nationalise production? what's up with this?

 

http://www.themoscowtimes.com/business/article/petroleum-exports-banned-...

Sun, 05/01/2011 - 02:24 | 1225044 Dan The Man
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really starting to love Russia for their take on amerika

http://rt.com/usa/news/fines-bans-rage-nyc/

 

Sun, 05/01/2011 - 03:19 | 1225070 D1eeeeeNAHHHHH
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Syria+Russia=Less Available oil, hmmm, Oil 118 by US Oil option experation week?

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