European markets are running on the same day the ECB kisses Trichet goodbye. With him stepping down, perhaps the new ECB will be led by a more dovish Chairman. At a minimum, him leaving is a huge plus for Europe, based upon his history being a stark raving idiot.
US futures are higher, despite softness in Apple. I like the commodity sector for further upside. And, the silver sector is likely due for a bounce, with the announcement of QE2 in England and a ridiculously oversold condition in silver stocks, namely AG and EXK.
With my money, into extreme strength, I will likely take profits. If we trade soft, I will leave my positions in place. The big risk is having exposure into tomorrow’s unemployment numbers. But, at the same time, the market is already pricing in despair. To be safe, you probably want to reduce exposure, get small, and prepare to enjoy the weekend.
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A rally in honor of Steve.
The bounce will be over
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when Alf44 returns and writes about how much his long trades made!!!!
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Then, and only then will the decline be over!!!
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Watch and learn loosers!!!
Loosers, as opposed to tighters?
Yes, loosers!!!!
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Fly knows!!!
lol @ Caddy. You nailed it man.
“Loosers” is (ironically) intentional in these parts, or it’s met by immediate and fatal banning.
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It’s close
ECB – How do they sit back and take 0 action in today’s policy meeting?
A rally up 56 for the 56 years of life he gave us?
“You probably want to reduce exposure, get small and prepare to enjoy the weekend.”
Like after a great orgasm!
trichet just nuked the rally.
Kiss my Trichet, Mel!
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fucking trichet.
anyway, i am small…i will ride out the weekend per your advice.
That’s what toolbags do I suppose!
Long SMH 27. 93- stop @ 27.85.
Why not?
INTC,AMAT looking good.
Out 28.00.
Changed my day trading mind.
TXN spoiling party.
Dear God,
Please give us Steve Jobs back, you can take Justin Bieber and Lady Gaga.
Thank you.