The market has has every reason to drop and test the 1050 area again. Maybe the guys & gals on Maiden Lane are working through the snow, but maybe the market just needs to climb a really steep wall of worry for now.
The new month begins on Monday. Expect the prerequisite inflo of cash into the stock and commodities markets–and expect our SPX 1120 area to be attempted.
I’m going out now to feed the shovelling gorilla. 2 feet of snow!
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Scott I think the “Big Money” guys in our area never made it in and our enjoying the 2+ ft of snow. The vol is beyond light and I think that the buy only share builder guy is at home moving the market. Could there be any truth to that. I just cant see how jpm is flying with all this news.
C’mon scott invest in a snow blower! =P
You are one of the Fly’s best finds in years, great stuff
I actually met the fly when he was still a young human a decade ago. I’ve been around…