iBankCoin
Read Scott here on iBankCoin and also at http://www.createcapital.com/
Joined Jan 19, 2010
717 Blog Posts

Come And Gone

“So, the tax deadline has come and gone and the market is still elevated. What gives? I thought you said that we would crash the next day?”

Wrong. I’ve postulated that this key date is where the market puts in an intermediate-term top.

My thesis is that the elevation up to tax day is partially caused by and for the benefit of the odd-lotters who fuel the mutual fund and individual investor complex. It doesn’t mean that the money suddenly “dries up”, especially with the spectre of unlimited stimulus from the Free Money Regime.

As you have already surely noticed, the equity market is becoming highly fragmented. Indices continue to hang around their recent highs but it is getting “confusing”. From a technical perspective that is a sign of Distribution.

Fundamentally, Europe is in the shitter again and Lagarde is here with hat in hand and the talk is dour. After Bernanke told members of Congress that we won’t Bail Out the Eurozone, I don’t see how she will get what she needs.

So let’s “hurry up and wait” is the mantra for the markets as they work through distribution before the next temper tantrum over QE3. And that Apple is all over the map means The Street considers it fairly valued for now.

If you enjoy the content at iBankCoin, please follow us on Twitter

29 comments

  1. Dr. No

    You’re on point Scotty. “Chicken Salad on Rye, untoasted…and a cup of Tea!” – #Costanzamarkets

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Scott Bleier

    My preference is for it to be iced…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. MX2101

    No sugar in the iced tea, but follow it up with strawberry cheescake.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. The Fly

    So far, your call is looking most likely to occur.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Cascadian

    The tax money (IRA associated) stays in there, but the “sell in May” folks will be doing their thing soon, and perhaps are already getting started.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Dario Yanko

    I would like to thank you for the efforts you have put in writing this site. I’m hoping the same high-grade website post from you in the upcoming also. In fact your creative writing abilities has inspired me to get my own web site now. Actually the blogging is spreading its wings quickly. Your write up is a good example of it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Cyrus Schoenrock

    Oh our goodness! an awesome article dude. Thank anyone Nonetheless I’m experiencing problem with r rss. Don’t recognize why Can not subscribe to it. Is generally there anybody receiving equivalent really simply syndication problem? Anyone which knows kindly respond. Thnkx

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. go there now

    Have you thought about including some social bookmarking buttons to these blogs. At least for facebook.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. create my own prom dress online

    Basically would be to enjoy a web site, I would really prefer similar design. I wanted to commence my own personal blog sites, though styles are quite expensive. At which have you get one? Test the sister’s web-site

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Ferne Capewell

    Useful information. Fortunate me I discovered your site by chance, and I am shocked why this accident didn’t happened earlier! I bookmarked it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Irving Gagliardi

    You may definitely notice your expertise from the work a person write. The world hopes regarding more fervent writers such as you who are not afraid to express how these people believe. All the time follow the heart. No guy should get married to until he has studied anatomy and dissected no less than one woman. by Honore’ de Balzac.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Rashad Lassa

    Hi there, thanks for all the users, I will upload many more video tutorials in coming days, admin

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. health e cigarette refills

    What i don’t realize will be how you would are not really a lot more well-liked than there’s a chance you’re right now. You will be very intelligent. You are aware of therefore significantly with this subject, produced my family think it is from numerous varied angles. Its like individuals arent fascinated unless it is one thing to accomplish with Rhianna! Your personal stuffs outstanding. Always maintain it down!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Kimberlee Maywalt

    Hi colleagues, I am again at this place, and reading this paragraph related to Search engine marketing, its also a good piece of writing, therefore keep it up.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. t4065f

    Hey just wanted to give you a quick heads up. The words in your article seem to be running off the screen in Opera. I’m not sure if this is a format issue or something to do with web browser compatibility but I thought I’d post to let you know. The layout look great though! Hope you get the problem fixed soon. Many thanks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. adult webmaster

    Its actually an awesome post. More than likely that anyone want to visit it again and again. After looking at this post I obtained some very unique information which have been the truth is worthwhile proper. This is usually a post owning some crucial information. If only that later on such posting should go on.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. alf44

    .

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. white seo

    My coder is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on a number of websites for about a year and am anxious about switching to another platform. I have heard very good things about blogengine.net. Is there a way I can import all my wordpress content into it? Any help would be greatly appreciated!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. marketing

    I am not real excellent with English but I get hold this really leisurely to read.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Mecze na zywo

    It is the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I wish to suggest you few interesting things or suggestions. Perhaps you could write next articles referring to this article. I wish to read more things about it!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Get More Information

    Thank you a lot for providing individuals with an extremely terrific opportunity to check tips from here. It’s always very ideal and as well , stuffed with a great time for me personally and my office friends to visit your blog at minimum thrice in one week to learn the fresh tips you will have. And indeed, I’m usually astounded concerning the dazzling creative concepts you give. Selected 1 tips on this page are rather the most impressive I have had.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Independence Business

    I’ve recently started a site, the information you offer on this site has helped me greatly. Thank you for all of your time & work.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. LR Dr. Jens M. Abend

    This website is mostly a stroll-by means of for the entire data you wanted about this and didn’t know who to ask. Glimpse right here, and also you’ll definitely discover it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. gjaoiwiejawo

    This is the punish Come And Gone | Creating Coin with Scott Bleier diary for anyone who wants to act out out active this theme. You request so such its nearly exhausting to debate with you (not that I truly would want…HaHa). You definitely put a new twirl on a message thats been cursive roughly for geezerhood. City object, just large!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Robin Ziemke

    Very useful posting.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Rea Waldie

    Pretty! This was an incredibly wonderful post. Many thanks for supplying these details.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. plays

    I found this on soundcloud. Pretty hand and written in nice style. Do you have any ideas how to make this rolling?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Sophia

    Thank you for so good article. Nice article 🙂 I love it.I will link this site http://ibankcoin.com/scott_bleier/2012/04/19/come-and-gone/ on my Facebook. You can see my article too.Best regard Sophia.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. Ashley

    Thank you for so good article. Nice article 🙂 I love it.I will link this site http://ibankcoin.com/scott_bleier/2012/04/19/come-and-gone/ on my Facebook. You can see my article too.Best regard Ashley.

    • 0
    • 0
    • 0 Deem this to be "Fake News"