The dow has yet to have a panic sell off over 10k... everyone keeps betting against it and get burned.
~ Not sure what above quote is saying - The Dow does seem stuck and a little surprising it has not tested 10000 more dramatically but hard to see people getting burned the last few weeks - maybe a rally soon.
From the huge run up a few months ago, people keep betting against it going short, and still right now they go short and get burned cause theres no panic selling pullback Hard to see people get burned? Are you a trader or a viewer?
One year ago the Dow was just under 8700. Today it is just under 10300. It appears the stock market is responding to a sense of a recovering economy, an economy that has taken into account the horrors of the recession and is rebounding. Clearly the largest and strongest impact on this recovering economy has been the insertion of fed govt funds. Without those funds the overall economy would be dramatically weaker, there would probably be several more million people out of work....and frankly if the Bush administration hadn't thrown hundreds of billions of dollars into the banking industry we might not have and economy at all. As it stands not all TARP funds were used, a reasonable level has been paid off, more of it is being paid off. The emergency actions taken by the Bush administration from Sept 08 moving forward and the Obama administration have staved off a horrible crisis. At least the market difference between one year ago and more dramatically the market difference between its Spring 09 low and current conditions show that at least the stock market, millions of investors, see significant economic progress over the horrid conditions caused under the GOP/Bush years.
~ Amen to the above, the Republicans mean for everyone to have it their way or no way even when they run it into the ground....no choice economics. ~ Market still remains above 10000 - being directionless in the last 2 weeks still gives a sense of hope for the immediate future.