Tuesday, March 12, 2013

With the MASSIVE sell off today (if we don't close positive BubbleVision will probably run a special tonight called "MARKETS IN TURMOIL", hahahahahahahahaha), BAC is trying to put in an "Equal Move", which points to that rising 50 MA "about" 11.80. Personally, I won't get excited unless it can get to that BIG GREEN LINE down at $11. Of course, any sell off is predicated on Bennie Da A-Hole not totally panicking and doubling the double he's going to pump into Da Street to $330 BILLION a month!

Are these people just fricking ill informed, or are they paid by Da Street to market this bull shit???????????
"9:48 AM The trailing P/E ratio on the S&P 500 (SPY) has creeped up to 15.25 from just above 13 late last spring, writes Bespoke. There's nothing unusual about rising valuations during rallies, they say, but keep it on your radar."
All you have to do is go to the ACTUAL S and P site,http://www.standardandpoors.com/home/en/us, click on S and P 500, and then earnings, and you see 87.92 in earnings for 2012, and based on yesterday's close that gives a P/E of 17 point fricking 70!!!!!!!!!???????????

How's that saying go, when the last BEAR goes ALL IN, it's time to get the hell out of Dodge???
11:05 AM "It's fun to be able, for once, to place yourself on the cheerleaders' side of the U.S. markets," writes Richard Russell, advising his readers to buy the DJIA ETF (DIA). "It makes sense to be on the side of the (Fed)." 


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