Comments on: Has the Stock Rally Peaked? http://dailyreckoning.com/has-the-stock-rally-peaked/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 22:35:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Wade Buchanan http://dailyreckoning.com/has-the-stock-rally-peaked/#comment-21182 Wade Buchanan Fri, 28 Aug 2009 23:44:23 +0000 http://dailyreckoning.com/?p=18060#comment-21182 My target for the peak of this rebound was about 9940 on the DOW, but I read another piece that was well written that stated they thought 10,300 on the DOW was the peak before the correction. Regardless I think there is a little more leg room to run before this runs out of "enthusiasm". I was premature jumping into short positions and have been taking a beating, but have some powder dry to add to my positions as this gets a little closer to my targets. I agree with the other poster regarding the stimulus and bailouts being an unknown factor. However I would like to add that it looks like China and others who have been buyers of our debt are pushing away from the table and the Fed is having to indirectly bid up treasuries at the auctions so it would appear that the music could stop sooner than we think if this information becomes public via the Bloomberg lawsuit or via the actions to Audit the Fed. My target for the peak of this rebound was about 9940 on the DOW, but I read another piece that was well written that stated they thought 10,300 on the DOW was the peak before the correction. Regardless I think there is a little more leg room to run before this runs out of “enthusiasm”. I was premature jumping into short positions and have been taking a beating, but have some powder dry to add to my positions as this gets a little closer to my targets.

I agree with the other poster regarding the stimulus and bailouts being an unknown factor. However I would like to add that it looks like China and others who have been buyers of our debt are pushing away from the table and the Fed is having to indirectly bid up treasuries at the auctions so it would appear that the music could stop sooner than we think if this information becomes public via the Bloomberg lawsuit or via the actions to Audit the Fed.

]]> By: tony bonn http://dailyreckoning.com/has-the-stock-rally-peaked/#comment-21138 tony bonn Fri, 28 Aug 2009 19:25:22 +0000 http://dailyreckoning.com/?p=18060#comment-21138 don't count out that crazy fed "stimulus", bailout, and backstop money making its way into the stock market....this levitation / bear rally could go on for quite some time... don’t count out that crazy fed “stimulus”, bailout, and backstop money making its way into the stock market….this levitation / bear rally could go on for quite some time…

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