The market was oversold and it bounced today. The question that you have to ask yourself is will it be higher 3,5,10 days from now? More often than not, when you get shocks to the system like this, market advances are a process, rarely V-shaped. Ergo, chill out and wait for lower prices.
Cashin chimes in and gives his two cents on what we’re seeing. Aside from the low volume, he’s not impressed by the tepid sub 1% advance in the pound today.
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Do you really think Hilary said “Go F yourself” to a Secret Service agent who just said “Good morning 1st lady” one morning? Is she really like that?
I’m sure she is all sunshine and puppy dogs. Just ask Ghaddafi.
Yes, she said that and more. My son was recruited by the Secret Service. He knows those guys. It is all true about her. First class ungrateful bitch to those sworn to protect her.
Secret Service brought the hammer down on Bill+Lewinsky, likely a long term grudge.
All negative accusations toward Hillary are considered true by the Right Wingers here. Right Wing media and their viewers/readers/listener consider Hillary to be guilty until proven innocent of anything anyone chooses to accuse her of. And if she is proven innocent, then they still find her guilty anyway.
Hillary is a warmongering statist of the first order. Whether you happen to be liberal or conservative, there is really no way around it.
what does this have to do with Art Cashin?
Ask Art Cashin. But please wait until after he marinates..
Weak rally of low quality and weak volume with a little short covering thrown in and presto, there you go.
It’s summer of a holiday week.
Folks will be able to push this market around like a yoga exercise ball.
I don’t get the “low volume” complaint. Today was the highest up volume since the February lows. This part of the rally is driven by figuring out this won’t be the end of U.S. earnings. The next leg will come when the pound rallies. And it will rally.
Volume actually ended the day about average. Better than expected.
Low volume compared to Friday and Monday…After two thumpings, you’d think the bulls would be pushing harder.
Sure, but selloffs days always have greater volume than rally back days. The recovery from the Jan lows did not see any days with volume greater than volume on the main selloff days. Yet we rallied 300 S&P points by the first week of June.