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Things must be really bad for average citizens: stock market up 200+

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cantstandbush Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 01:49 PM
Original message
Things must be really bad for average citizens: stock market up 200+
Good for corporations and the war machine methinks.
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sgxnk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 02:02 PM
Response to Original message
1. i'm a trader
it's good for me

although a down market is just as profitable. i prefer an up market

an up market is profitable for most americans, since the majority of americans are invested in the stock market (through retirement funds, 401k's etc.) in one way or the other

to quote one of my trading mentors - markets don't move because they want to. they move because they have to

i smell some serious margin calls and stops being hit on today's run

the sentiment was so overwhelmingly negative, the putcall ratio so high, the middle east thang, etc. when THAT many people were leaning short, it offers great short covering fuel for a rally

i saw some hyooooge orders going through at market on the upside on the S&P futures today

plus ca change... and all that

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Tinksrival Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 02:33 PM
Response to Reply #1
5. Hey thanks for your input!
I appreciate it!
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 02:28 PM
Response to Original message
2. It'll go back down with the next round of fuel hikes.
Market seems to be treading water.
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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 02:30 PM
Response to Original message
3. Volatility is a good thing when you have a monthly PAC.
You make more money than if the market was going straight up.
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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 02:30 PM
Response to Original message
4. and for the millions of average citizens with money
in funds tied to indexes? I guess they aren't benefiting from this?

sP
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