The US 10yr is down by 5 bps and oil stocks are getting hammered. The broader indices are butting up against some resistance here after enjoying fresh record highs. Should you be concerned?
You’d have to be a complete jackass to worry about the downside, just one day after a fresh record high was had. Might I suggest you go shoot a game of pool, or perhaps a game of bridge? There is nothing to see here at all and your time would be best served doing something else.
You can’t buy and you can’t sell. Too early for anything at all.
As for me, I’m planning my daughter’s bday and will be out and about being a Northern Master.
Most of my stocks are down — sending my trading account down 1%. I am being held up by grittier stocks, tough stock, such as TUFN, and flagrantly fouled by the oils. You’d think oil stocks would jerk off higher after the OXY bid for APC — but no. The Stock Gods are perverted and mean spirited and always aim to rape the Third Estate.
I’m kind of liking PD here — but the volume is thin. However, I’d be willing to saw my own arm off if it wasn’t higher 30 days from now.
Net net — shut the fuck up and go out and enjoy the genteel climes.If you enjoy the content at iBankCoin, please follow us on Twitter