I am glad my personal is mostly in TNA at this point because picking individual names is like throwing darts. The PPT says just 62% of stocks are higher today. That’s hardly anything to rave about. We need a 90% day, with bears running in the streets, holding their brains in from spilling on the sidewalk below.
Until the euro-trash get their bailouts in order, the market will trade without conviction.
Over the past 3 days, the market has made gains, yet I am hardly making any money. I imagine many of you have the same issues. In the past, tech and commodities would run hard on bounces. Now it’s hit or miss with commodities and tech is dead.
If anything, gold and silver offer neutrality in this whole mess. Both bearshitter and bullshitters like the defacto reserve currency status of precious metals. One thing is for certain: this is not a market that I want to short, knowing the history of our policy makers. They are bailouts makers. Don’t bet against that, else you will be in the streets soon trying to hold your frontal lobe from falling on the dirty sidewalk below.
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Indeud.
The Fly is God.
you are feckin eejit
LNG movin ,last few min…
heavy buying,
CEO will be a Cramer guest tonight … OK?
http://www.youtube.com/watch?v=Nc9xq-TVyHI
Interlude.
dated her in colege,,
I’m staying away from that College (or junior high as the case may be)
Greece needs to do a deed in leiu
Go ONTY!!!
Come on you hose hound…LMLP go get it!
Agree
Thanks
You people do this shit for a living and your clueless to the direction of this market.
I’m buying silver, gold, and lead.
I like your moves…..
OK, I have noticed the same pattern for many days now and would like to know your opinion on why?
The market has turned down most days right after 3:00 pm.
Perhaps there are a number of algorithmic robots that are just doing day trading and then try to eliminate their positions by the end of the day, and this kicks in for the last hour of trading?
Would be interesting to know theories as repeating patterns can be traded.
Margin clerks come a knockin’.
If you were in Financials, Materials, Oil, Tech you would be down. $GOOG $AAPL getting hammered
What’s the deal with HRBN
a trap?
HRBN shorts are in the streets trying to hold their frontal lobes from falling on the dirty sidewalk below. I guess there were so many shorts that da banksters couldn’t resist.
Vix closed at 19.99…I’m going Mike Vick on the bears tomorrow
OEW Daily Recap:
“We have observed some inter-index divergences over the past few days, and a potential ending shift in the decline from SPX 1345. First, the DOW failed to make a lower low thursday when the SPX hit 1258. Second, both the SPX/DOW have been holding up much better than the NDX. Lastly, the SPX has now rallied to nearly a higher high after making a lower low. That type of activity has not occurred all month. Should the SPX clear 1280 it will be the first positive sign we have seen since that 1345 high on June 1st. With the FOMC meeting starting tomorrow it could be a pivotal day for the markets.”
The developed world should double or even triple its deficit spending right now as we know the developed world will inevitably bail themselves out lest we risk a great depression.
In the our brave new world both winners and losers get trophies.
(Stack as much bullion as you can.)