I’m reluctant to give out any strong opinions this morning. On paper, there is no reason to sell stocks, unless you fear a Romney Presidency. It’s true, earnings have been coming in a little light. But when was the last time this market cared about that? Once the earnings season is over, this market will trade in a convoy again–all up or down based upon macro-themes.
Italian and Spanish yields are ridiculously low and there is renewed demand for their paper. The crisis has been blunted and there’s nothing you or your stupid friends can do about it.
Tech is very oversold. If I was putting money to work this morning, I’d buy tech. As I write this, I’m +0.6% for the day. Following Friday’s -3% drubbing, today’s gains are merely a trifling.
My philosophy with stocks, for lack of a better term, has been religious. Faithfully, I believe that stocks will trade up, all the time, even when they’re supposed to go down–not so much different from your faith in “Le Fly” winning on a continuous and frequent basis. In a sense, that makes me a “perma-bull.” However, I’m naturally a pessimist, always favouring the dark mug steeped with black smoke instead of the glass of sunshine. It allows me the latitude to never be disappointed. Life is nothing but upside surprises for Senor Tropicana.
I need a few right now.
http://www.youtube.com/watch?v=tiLkmMueK0Y
If you enjoy the content at iBankCoin, please follow us on Twitter
My boatload of SVU gave me an upside surprise today!
FIG
SXL Alex, for 100
I will decide what to do as soon as I hear from Frog and Rigged Game as they fear a Romney Presidency. Right now I am sure they are busy on the Daily Kos and Democratic Undergrounds boards
Like all minorities whistle blowing and drum banging is what they do best.
Ready to EAT CROW on your lie about Jimmy Carter’s splendid economy?
During the four years of Carter, GDP grew by 37%.
Yes, they were good times. Inflation was out of control and wages couldn’t keep up. And of course Jew hating Jimmah Carter was a failure in foreign policy. The Soviets, Chinese, and Iranians laughed at him. Kind of like today. And then there were the numerous Federal bureaucracies set up so more $$ could be wasted. Sound familiar?
I truly beieve stocks will never go down again…i’m not talkin 5% corrections…thats childs play
the days of 30% market declines are history
long live ben
+1000
those days are gone for sure
You sure about that?
the only thing left they can manage is the market, as Bleier says its the only policy tool out there.
plus if you look at it historically, the 1% used to had the majority of their wealth ties in fixed assets. These days its financial assets, and the Ben is beholden to them. They saw what could happen in 09 and that was not acceptable.
never say never.
Just like Japanese thought the government would manipulate the Nikkei back to it’s 87 highs?
Facebook beats and raises tomorrow.
The new Kendrick is the best album of 2012, hands down.
Breaking News: Somali pirates haver boarded all OSG ships.