Fair enough. The rally that should have been didn’t happen. It was a classic doomsday opening, followed by a miraculous comeback. Now we’re just milquetoasting it into the close.
There isn’t any firing power in the bulls’ arsenal, not due to an active IPO market (that’s just silly); but because they let devils infect their minds with lies. What are we scared of? Is there a credit bubble, dramatic slowdown in the economy or the specter of war?
Ah, you believe war is on the horizon. Why, because of The Ukraine? Do you really think we are going to go to war with Russia? You have to be kidding me.
Like all of the other corrections of the past, this too shall pass. The only distinct difference between this correction, and all the others, is that this one is based upon absolutely nothing. Therefore, being the reasonable person that I am, I can only conclude we will recover and reach new highs.
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The Fly is God.
You are a learned man with a great deal of experience in speculating in the capital markets. Do you think charts like these are worth noting? Serious question here. I’m frequently amazed by how often charts seem to dictate, or presage, inflection points and/or different reactions to similar news events or fundamental data about the economy or individual companies.
Not to go all Prechter on you, and to be sure, these are just some of the possible channels that could be drawn, but I don’t want to lose my meager, plebeian retirement fund.
http://tinypic.com/r/2pz9vv5/8
http://tinypic.com/r/3yl4p/8
http://tinypic.com/r/i1wd54/8
http://tinypic.com/r/16lia6c/8
It’s classic risk off charts.
Stocks down; bonds up.
LOL fractal, your charts dont make any sense at all.
Fair enough – just looking for feedback.
Fly,
Won’t margin calls be an issue again tomorrow?
TIA
maybe
XLFucked
End month End quarter yadda yadda For now
I took my hedge off this morning and put it back on mid-day. Anyone who missed that dip in February is most likely reluctant to buy up here. We may be in this chop for a bit, however I’m not willing to risk my entire portfolio for the time being. The morning pop keeps getting sold off, no buyers, yet.
This market is like surfing on a day with shitty waves. You just can’t catch a good one that lasts….you may hit a good segment and get a ride but you are just as likely to get tossed through the spin cycle. I recommend sitting on the beach while someone brings you umbrella drinks.