Tuesday 22 October 2013

12pm update - truly tiresome

Whilst the main indexes continue to battle higher, the top callers are at it again. After all, we've already pulled back from the earlier sp'1759 high, its all downhill from here..right? The same old nonsense is being touted again..despite NOTHING changing. QE continues, that is all that matters.


sp'daily5


Summary

I'm beyond tired of this crap today.

Same old people calling a top, who will no doubt be doing the same thing next month..and for what will probably be another few YEARS before the current cycle is complete.
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I see 'springheel jack' is open to my hyper-bullish outlook. At least someone else out there is starting to consider the unthinkable.
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I'm almost tempted to just throw an 'sp'4000' chart out there EVERY day for the next month, if only to annoy the idiots still calling tops (are you listening Daneric?).


Mainstream and QE-taper

In the past few days the mainstream has really turned around, and consensus is now shifting to QE remaining at $85bn until the spring. No doubt, when we get to spring 2014...it'll be 'ohh, taper might start in June'. Tiresome huh?
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VIX update from Mr T



time for lunch. I sincerely hope that improves my mood. Urghhh