Will the DJIA and other major stock indices set new highs before the bear rally ends?

[Original_Intent]

With the DJIA going crazy today, I am wondering if this is the last gasp of the bear market rally, or do you think that it will continue on to reach new all time highs before the crash? Or do you think we are in recovery? BWAHAHA! OK just kidding on that last one...but I will include it in the poll just to see if anyone thinks so.

[Seraphim]

Truth be told, I view things not per index but per SECTOR.

[Zippyjuan]

Today is probably just a brief euphoria. It may reverse course as soon as later today or even tomorrow as investors try to lock in profits from the move. Long term fundamentals of the companies the stocks represent didn't change significantly so things should probably settle back under 11000 again. Exactly how soon, can't say. Just my opinion. US economy still only very slowly moving along.

[Shinerxx]

The next 30 year BOND auction is on November 10.
http://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/documents/auctions.pdf

Remember what happened last time?
http://www.zerohedge.com/news/horrible-30-year-bond-auction-prices-11-unprecedented-bps-tail


what today's auction has proven is that going forward the Fed will be forced to crash the market every day that there is a Treasury auction, while ramping stocks on days when Treasury does not need to fund its borrowing binge.

[cubical]

Lots of money is on the sidelines, with the aid of the fed, more money will pour into the system driving up the stock market. I think we have a ways to go before the bull market ends.

[Seraphim]

I agree. Many funds are sitting 60-100% cash right now...it's quite obvious that once the velocity of money increases even only a bit, the price structure of the world is going to go up significantly.


Lots of money is on the sidelines, with the aid of the fed, more money will pour into the system driving up the stock market. I think we have a ways to go before the bull market ends.