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S&P 500 Nears 2,100; Up 120 Points In Feb
With earnings expectations collapsing, macro data disappointing across the board, Ukraine's truce failing, and Grexit looking ever more likely, is it any surprise that the S&P 500 (courtesy of yet another AAPL reacharound) is rapidly approaching the 2,100 level.
S&P 500...
AAPL...
It does seem like AAPL is having to do more of the heavy lifting to keep the S&P elevated in recent days.
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It is different this year...
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Come on... really...
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They need to add 166 more companies to the S&P so it is the "S&P 666".
A week at the Fed:
Monday: Plan shenanigans or be on a legal holiday.
Tuesday:BTFATH
Wednesday - Friday: Watch for weaknesses, repeat Tuesday if necessary.
I personally suspect all those charts (and mainly gold & silver charts) are just a mere animation projected on displays. There is absolutely nothing behind it, not even naked shorts. Just a software generator on background with predefined or deliberately adjusted chart curves for each an additional day. Such charts, in fact, fabricate the market, they do not reflect it.
I indeed start believing it's all just dummy mystification; akin to Mystify screen saver animation pattern. Pure fiction.
Meh. Why not?
pufff, wimps. Real traders would have taken it out by now.
They are out to prove that the '29 crash and depression are the best case scenario......
I think that's what negative interest rates are all about.
Bang-zoom! To the moon, Alice!
This is just what I would expect before the crash. It has to happen when it is least expected but easily digested for those infested with the love.
I just can not see them letting people keep their 401k gains. It is not in their DNA. One day...kaboom.
But it'll be for the sheeps own good when their retirement savings are appropriated for the good of the country.....
lot boomers delayed retirement cus of 2008 crash, but how much can they delay? when will they be forced into withdrawls.
BTFD: It works until it doesn't. BTW, no charge for this invaluable advice.
www.traderzoo.mobi
These are the times that try men's souls.
These are tha Souls that try men's times
have to re-visit the bullish fundamental points we just witnessed to understand the sling-shot higher:
1. ECB launches European style QE
2. bullard hinting at QE4
3. FOMC remaining "patient"
4. multiple fed, government officials stating the need to NOT raise interest rates
5. elizabeth warren of all people protecting the fed
6. earnings fell off a cliff, 85% of companies guided lower
7. CAT CEO basically pleading with fed offcials during CNBC interview to NOT raise rates
8. retail sales dropped, durables dropped, multiple analysts coming to grips with the fact that Q1 GDP estimates are coming lower
9. that baltic dry index that used to be so important is now not important because it continues to implode
10. global debt levels continue to explode with absolutely no plan or desire to ever repay them
with such STRONG economic, financial, & corporate data coming in, how could any one person conclude that the correction must be over and higher-hi's justified???
yes, yes, once again, watch the supply lines. Once people start starving en mass, then something might change, not before.
same as it ever was.
The CB's are now buying all government bonds so reality is completely disconnected and I figure they'll try buying the entire market next. The Soviets were rank amateurs compared to this bunch......
"FUN-damentals," with the emphasis on "FUN"! You know, sort of like base jumping without a parachute.
About your comment # 5, elizabeth warren of all people protecting the fed: Apparently you're not all that familiar with Fauxahontas. This isn't the first time she's let her mask slip.
@ aliki,
+1,000. Spot on all ten points. However, I will add:
11. We've been in a manufactured Depression since 2008.
12. Everything is Awesome!
The hindenberg Baltic snow index screams buy stawks
Unfuckinreal....what can you even say?
Just imagine what the EPS for the S&P 500 would look like if corporation weren't loading up their balance sheets with debt to repurchase stock. I just wonder why all those analcysts that point to record profits, fail to mention record debt? Oh never mind I know the answer to that.
Overlay the federal reserve's balance sheet and government debt of the U.S.S.A. and then it all makes some sense.
Backdoor qe until WWIII
This is rediculous! WHen is the S&P 500 going to catch up to it's real US macro chart?
I watched a show last night about the plague, "black death", of the 14th century.....the height of the death was in february through may of 1349. EXACTLY 666 years ago!
I thought that was interesting and maybe an omen of the SHTF....
Nice, I would add that the black plague wasn't just a medieval ebola popping up to kill every people.
The 1340s was the decade of probably the worst financial and economic collapse in human history. Starting off with Florentine banks going under and culminating in an economic meltdown which led to famines which are obviously breeding grounds for epidemics.
Just some quick Google finds:
"Euro Crisis Echoed in Renaissance History"
"Excessive debt accumulation, structural weakness and poor management were responsible for economic crashes and collapses since the medieval invention of banking by the Italians, who came up with the deposit account, double entry bookkeeping and the line of credit."
http://news.discovery.com/history/medieval-banks-lessons-euro-111208.htm
"How Venice Rigged The First, and Worst, Global Financial Collapse"
http://www.schillerinstitute.org/fid_91-96/954_Gallagher_Venice_rig.html
And note that for examplethe Warburg family is originating from Venice.
Paul Warburg is considered to be "the father of the Federal Reserve".
Meanwhile, at the ECB there's this Italian Goldman guy.
"Come on though why worry, what is reality really anyway?"
- Overheard at the Fed breakfast club, everyday.
still no luck in forecasting sp500 crash huh?
Yet there are people out their that still don't understand that the un-fed IS the market and has been for a long time.
Every company on every index could post a loss and the stawk market would rise.
On "unexpected expectations"! This shit would be funny if it wasn't so pathetic!
"Ironically, America has never been as powerful financially as it is now"
Ambrose Evan-Pritchard, August 2014
So the West is demonstrating its strength by desperately rigging numbers on the screen while they're actually selling?
(http://www.zerohedge.com/news/2015-02-17/david-tepper-dumps-40-us-equity...)
Apple is worth 100 billion more than a few days ago, because Carl Iconn said so
apple is worth 1.5 times the entire russian stock market
Well, I did read that Apple is considering going into the electric car business. iCar, anyone? Probably it will be controlled via your iPhone.
(1) It is the implicit or explicit goal of every major central bank in the world to boost their individual stock markets to supposedly provide a wealth effect
(2) The central banks have unlimited fiat currency
(3) Stock markets are measured in fiat currency
= Stock markets go up regardless of any other external factors, metrics, or common sense. It's been the same since 2009 when the Fed made it perfectly clear that the stock market was now a policy tool. Just sit back, enjoy the ride and use your profits to buy things that are really valuable. It's not ending next week, next month or next year and will likely only end when there is rioting in the streets over inflation in some distant future. The market is going to hit numbers none of us could have believed even a year ago
Them bulls do loves them methamphetamines. Whoever ther dealer is -- Fed, BOJ, EUB -- don't matter. Just give the rock stars their drugs, and they'll keep the music playing. All the way up to when they don't...
The S&P 500 has fulfilled all the requirements for an ending diagonal and is inside the projected reversal zone. One of the characteristics of an ending diagonal is that, once complete, it quickly retraces the entire diagonal in an extremely short period of time, an almost vertical collapse of the gains since the beginning. The diagonal began at 1737.92 on the 5th of February, 2014. That means when the reversal begins in the S&P 500, an entire year of gains will be wiped out in a matter of weeks, a few months at the most.
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
The US isn't in the business of making things any longer- our primary business is the churning of money, which is in a bull market. Plan accordingly.
So long as that "money" is still accepted, yes. Hedge accordingly.
What exactly is the "US Macro" chart I keep seeing in these posts? It is definitely an interesting chart, but there is no source or description for it.
The S&P has reached escape velocity; broke free of its earthly bonds of yesteryear. No longer beholden to such paltry things as macro data and earnings expectations.
Remember the space shuttle Columbia........
The Texas lisence plate at the time had a Space Shuttle on it, ironically since the smoke trail of the doomed craft was visible over the state. For some reason people didn't think it was funny when I painted little flames on mine. Go figure...
Markit is forward looking
Keep pushing everything forward and you can't go wrong
We all know it is the beholden duty of still-well-to-do Americans to invest their savings in the US Stock Markets, which are single handedly keeping America from the land fill of history.
These Americans are nobody's fools and are wisely putting their money in the S&P at 2100 and not the DJIA at 18,000.
Makes sense to me.
It's just crazy, mind you I said that when it first hit 2000.
I guess there is something to said for using unlimited amounts of free money to buy back your own stock lol.