Can't wait to see the RSIs for some of these on the hourly and dailies. The gauges should absolutely redline.

Would anyone like to offer a BULLISH scenario / case for stocks (over the next 30-90 days)? Are there ANY?

Kass-
"Stay Objective and Independent

* Neither be a Cassandra nor a Sunshine Boy! It is much easier to be critical than to be correct, as financial disasters are always impending according to the ursine crowd. Conversely, the outlook is never as perfect or clear as it is seen by the bullish cabal.
* Within limits, stay independent in view. Above all, remember that equilibrium is rarely observed in the stock market."

Not from me. I have been so consistently wrong about this market that I am beginning to wonder why Bill doesn't just ban my comments.

If you are sensing some frustration here, it is because the politicization of the Fed has just become SOOOOO apparent. And I am extremely disappointed in this.

Sure I love that my GLD position is up 13% and my miners 20%+. But can these people think beyond the S/T just ONCE in their lives? But maybe I am wrong and they have it all figured out. But history would not give good odds on that.

Don't try to understand it. Always millions of reasons for or against something.Follow the trend.

Marp-

Words of wisdom and I agree.

As Bill has pointed out, the trend short term is up. But only those who are nimble should be heavily exposed. JMHO

silver is UP. How does one know when to get out in a situation like this. By pure fluke I brought some 6 months ago, didn't think to sell for years, now this has arrived? I am not a pro or anything.

"Calling g034. Calling g034. Come in, g034." :)

NL- 1st form 4 since lead paint case made headlines. Note that SHW has fully recovered from the story.

Does the Simmons indicator work here? Monthly chart shows a dismal picture... can this news reverse the trend?

We'll see. Definitely NOT a recommendation, do your homework, use stops, etc.

long NL

in the same boat as hopefully me, and im sure there are many others, novices WHO NEED HELP on when to reduce exposure to companies or certain areas of the market, try to follow the market trends and the good companies whether through funds or individually, this would be greatly appreciated

As sentiment has moved to 'HOT' in PM shares I believe one should be especially diligent here in monitoring trend lines in PM stocks. Using a trend line consistent with one's time frame is a relatively simple discipline to preserve most, but not all of profits attained.

I also 'scale out' on these types of moves but do not want to lose my postion. I have sold about 10% of my PM exposure in the last two days. That is a $100 exposure has been reduced by $10.

JMHO

Perhaps the adults in the bond market are going to do what the Fed lacks the maturity to do. Rates on the rise again. Big moves too.

MarkM-

That may be but... if so it decreases the need for the Fed to continue to hike, doesn't it? In fact if they are worried about the lagging impact of their own actions how will they feel about a spike higher in mortgage rates as the conundrom is unwound?

Then add in the economic drag of higher energy prices?

I would guess that which you control (fed funds) is much less worrisome than that which you cannot control (gas prices and the long bond).

You are correct. Everyone thinks the Fed controls interest rates across the board. They do not. They can affect the short end but even that is becoming attenuated. I think what you are saying about the 10 year and 30 year has a lot of merit. But this Razor's Edge we are on has a downside no matter which way you go. Can we balance on it for the forseeable future?

Based on what I've been learning here, the scenario may be:

*Hold on to your core of quality that can withstand the upcoming whiplash.

*Be ready to use your ‘Scale Back' reserve $'s.

*Build your knowledge, support, and conviction that unless the many problems Bill and others here have discussed are solved by governments, ‘Precious' will continue upward.

*Buy ‘Precious' as dips present themselves.

*Pick up cheap quality pieces(Cara-100) from the ‘Crash Pit' when a normal world has a chance of returning to sound financial underpinnings.

"FOMC Minutes: Fed Most Likely to Stop After May 10th Hike"

http://www.ntrs.com/pws/jsp/display.jsp?XML=0512/1135200780356_879.xml

stockman:

Second the 10% 'Scale-Out' move. Makes it easier to jump back in on dips we know will be coming and buying more with double dip $.

Look at it this way, your 'race horse' now moves with nimble feet in the new round and sleep comes quickly for you with the background sound of'Ka-ching'closing out the session.