I am not surprised in the least. Horrific events in Nice, France, a failed coup in Turkey and a racially motivated killing of police officers in Baton Rouge cannot stop the perverts from buying SPY futs.
The pound is higher by 0.4%, yen lower and futs up around 3. The NIKKEI is closed tonight, so we’ll all need to imagine how much Nintendo would’ve gone up today, had Tokyo been open.
In the week ahead, anticipate racially divisiveness in Cleveland, as the media foments wanton hatred against Trump and his supporters, during the RNC convention. And, look out for last minute fuckery by the RNC, who might try to steal the nomination from Trump.
Lastly, western societies continue to cede to the will of barbarians, like castrated cowards led by Manchurian candidates.
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remember when I said the poor action in AAPL was a misdirection in relation to the overall market….I believe you called my comments infantile, or something to that affect. how bout now?
Still infantile
lol – cheers, at least I know you are a man of conviction.
Adapted from Richard Dawkins:
The market that we observe has precisely the properties we should expect if there is, at bottom, no design, no purpose, no evil, no good, nothing but pitiless indifference in the pursuit of monetary profit.
Yup and if this market give us (well not me, I’m long) no chance but to pile on it’s going to keep grinding the fuck up
Kenny Powers month at iBC continues.
More cowbell. Sticking by my 2250 S&P target by year end:
The U.S. stock market has achieved a rare feat, one that has occurred just 13 other times since 1949. The Chartist, one of the top-ranked newsletters for performance, reported that over the 10 trading sessions through July 12, the average number of advancing stocks on the NYSE exceeded the average number of declining stocks by a ratio of more than two to one.
Following the 13 prior instances in which the 10-day advance/decline ratio exceeded two-to-one the Dow Jones Industrial Average was, on average, 7% higher within three months, 15% higher in six months, and 20% higher in one year. In just one of the 13 three-month periods did the Dow decline and over the six-month horizon the Dow was higher in all 13 instances.
How many consecutive days we been up now?
I am imagining eleven hundred percent up on NTDOY, if trading. Thanks, Le Fly.
Brent is waking up to a night in hell.
You know what will solve all our problems? More guns.
How about dealing and helping the fatherless unemployed masses? You think guns locked up generations of fathers? Did guns build the prisons for the war on Americans we called drugs? Did guns ship all the jobs overseas? Wake up you have been played. Keep buying fool.
Fly the ark is sinking. Should we get off?
I repeat:
The market ignores dead cops, dead people, and military coups in countries far away whose people we know little or nothing about.
It may be too late to add more longs
Buy if the Dow goes back under 18,000 (more like 17,750) or S&p under 2100
Only a North Korean nuke hitting another country can kill this bull.
By the way, one day we will wake up to that breaking news.
What can one do in the face of such wanton degeneracy.