Comments on: Technical Analyst Magazine 2009 Annual Awards

By: WaveCatcher

WaveCatcher — Wed, 18 Mar 2009 23:46:45 +0000

I suspect Paul Desmond is telling clients that we now have a bonafide bear market rally underway.

That’s because the Market has shown us 3 days of 10:1 Up/Down volume out of the last 7 days. It looks like investors are ready to put capital in harm’s way again.

By: Optionstrader

Optionstrader — Wed, 18 Mar 2009 13:18:10 +0000

@ leftback and Steve Barry

The p/c has been low and the volume has been low, this is a good bear rally and needs to be given its due.
IMO IBM buying SunMicro is good/interpreted good.
I will not be surprised if the 50 dma on S&P 500 gets taken out before the rally really fails.
If it just crashes, well thats so textbook, where’s the drama?

By: Steve Barry

Steve Barry — Wed, 18 Mar 2009 01:00:39 +0000

@leftback:

let’s see another 3 days of the rally and the 10 day MA of put/call get to .75 or less…then one piece of bad news and it might all just crash.

By: leftback

leftback — Tue, 17 Mar 2009 22:14:18 +0000

Mustard seeds, baby. Goldilocks. Supply-side trickle-down voodoo economics.

Looks like a classic bear market rally to me.

By: jason in charlotte

jason in charlotte — Tue, 17 Mar 2009 22:12:39 +0000

Well it had to take all of 15 seconds to determine the winner of this award.

Does anyone know Paul/Lowry’s characterization of the current rally?

By: Optionstrader

Optionstrader — Tue, 17 Mar 2009 22:01:43 +0000

Its amazing how a 15-20% after a 50% plus collapse still excites most bulls.
Fear and Greed, Greed always wins I guess.
Congrats to Lowry but tech analysts of 2009? already? Would thing not be better in say nov 09?
This is like saying the best movie of 2009 in March, how about wait for a bit longer?

By: CNBC Sucks

CNBC Sucks — Tue, 17 Mar 2009 21:55:36 +0000

No award for Barry Wuzzy?

That’s because the joke’s on you, Ritholtz the Republican. The Mark Haines All-You-Can-Eat Rally is off and running, a thousand points up on The False Prophet Index! You’re here blogging about stupid retention bonuses and how THE REBOUND is being driven by multi-family units and arcane FASB rules and credit ratings, and here we are enjoying a FULL JOBLESS RECOVERY.

We don’t need your multiple layers of analysis, Ritholtz. We don’t need your snide, elitist “bear market rally” commentary. We don’t want to hear your thoughts on these economic nuances and anti-American DETAILS. THE STOCK MARKET IS GOING UP, BABY! We don’t need someone upsetting the apple cart. When the Dow goes down, it MUST come back up. If Americans don’t spend money for two months, they will splurge on the third month, even if they don’t have a job.

As long as the Chinese and Japanese keep loaning us money, we can keep reflating our economy until we are $100 trillion in debt, I reckon.

I can’t wait until Kudlow is on with the good guys Don Luskin and Voodoo Art Laffer.

The joke’s on you, Ritholtz the Republican.