Triple top?

[Valuist]

A look at the S & P 500 shows we are approaching a triple top area. The S&P 500 is near levels it reached in 2000 and again in 2007. Of course in 2000 it burst due to the dot.com bubble and in 2007 it was the housing bubble. If it cannot get thru and starts a downtrend, 2012 would have to be considered the QE bubble.

[PaceAdvantage]

Fake bubble burst this time around? A drop of about 50 points back down to 1400 level, then a big run up to new highs...that's my first gut reaction... :lol:

[Valuist]

Fake bubble burst this time around? A drop of about 50 points back down to 1400 level, then a big run up to new highs...that's my first gut reaction... :lol:

It could happen. The problem is with all this fraudulent liquidity and excess dollars it easily could go higher. But would anyone believe the gains were legitimate? Sure you can trade in and out of it but you know Joe Public will be holding the bag when inflation sinks its teeth into the economy and the stock market is taken to the woodshed.

[PaceAdvantage]

Apparently, BOJ is cranking up the printing presses...market likes the news...DOW up 54 at the moment

http://www.marketwatch.com/story/bank-of-japan-adds-to-monetary-stimulus-yen-drops-2012-09-19