If you are visiting iBC or reading this page for the first time, then it is very likely that you have a higher than average understanding of our financial situation than the general public. You understand that what is happening right now, is something that will be written in our history books for generations to read about. You understand that leaders of the most influential countries in the world are meeting together to discuss America’s economic woes signals that it’s bad out there, more worse than any other economic turmoil you’ve lived through, and naturally, you expect something unexpected will happen when you least expected it. With that, I leave you this perplexing indicator on every major index:
Bullish or Bearish Technicals on Dow, SPX, NDX, Russell XXXX (small caps) as of Friday 11/15:
1-day: very bearish
3- day: bullish
1- month: very bullish
3-month: bullish
6- month: bearish
1-year: very bearish
2- year: very bearish
5-year: multi-month short cover rally
… now what should I do with my money here? I guess sometimes you just gotta close your eyes and jump:
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Gio, you can probably get a necktie cheaper at Hilo Hatties, does not sound like you wear a lot of ties!
Great video! Made my heart skip a beat. I have a fear of heights and deep water. Your blog messes with my head, Gio!
Hi Gio!
I love flattery. Yum, yum! I iz aware of all internet tradishuns. It is way more worser out there than joey bag o donuts knows, that’s fer sure. 😉
Hey Gio,
I notice you look at small caps at times. What do you think about NCS? Personally I think the insiders have given up. The low P/E is going to go out the window because IMO Q4 earnings will be crap. Margins are squeezed like they always get in that business when times are tough and long term debt is hanging like a millstone around their neck. They have cobbled together a conglomerate patchwork empire that is inefficient and redundant, they have no clue how to maximize anything. IMO if they don’t pull their heads out they are a $2 stock waiting to happen. Just shooting the breeze.
Q4 2008, not their Q4, I don’t know their fiscal schedule. The credit crunch and CRE bust is hurting their customers and damping new orders as well.
Buylo… wrong. The only day I DON’T wear a necktie is Monday. I’m serious! Therefore, I must wear high quality ties. they have to be bullet proof.
… isn’t that one insane video! Try watching it in the dark with your iPod nano video. Sorry boomer.
Scum.. i’ll check out NCS. tomorrow, I hope to not look at any stocks though. got to attend a meeting with a great and influential friend from Brooklyn coming down (that’s what the tie was for).
(then, soccer.)
Hi Gio,
I wasn’t necessarily asking you to do research, I thought you might be familiar, like I said, just shooting the breeze. They run that company like a charity for employees.
That jump is so sick
R U reddy 4 TGT? They report at the crack of dawn tomorrow. I’m betting it’s worse than expected.
Dude, my palms got sweaty and my heart palpitated just watching that video! HOLY FUCK, that’s some crazy shit!