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Well look at this. We went from sloppy futures, to outright
The issue as you can imagine is that we are in a fake market. The
market doesn't reflect true price discovery, it doesn't reflect the
dynamics of earnings, it operates
Another day, another drop out.
We've seen them play a lot of goofy games lately when the day is
really red, where they pour it on in the last hour and try and get
back most of the points. That could happen again today.
How often have we seen this? Today the market was moving higher
and higher. Up 100, then 110.. up and up. then pffffffft the air
came out as the Euro fell like a rock. The two stocks we bought,
went up.. and rolled right back down.
Well this has been pretty boring at best. Heading into this
weekend they don't wish to be too long or short, so we're just
hovering. Okay fine, well..I'm not going to waste the balance of my
day staring at this screen.
Folks, have a tremendous
yawn, snore. Scratch. Stretch....Does boring come to mind?
The market has done nothing all day. The volume is pitiful, and
there's simply no buying pressure. When there's a lack of buyers,
stocks fade just on the sellers that get nervous. Now, we're headed
At the depths of despair the market was down about 180 and as I'm
typing this it's down 96 and it looks like they're going to step up
to the plate and save the day. So what's it mean? Are they brewing
up the next big bounce?
another failed day. Sheesh, go figure. But, as I said, I didn't
think yesterday was the start of anything large. That was a dead
cat bounce after a tremendous stretch of "poor" performance.
So, are we headed lower? Maybe not right away, but I
Saturday, May 19
Hi guys, I wanted to send you all a quick note, despite it being a
Saturday. I should have been on the highway today making the long
trip back to NJ and dragging a boat behind us. I like to make that
trip on weekends
What a lousy day? Facebook day, all the hype in the word and
this is all they can manage?
This market is completely weak, and I'm glad that there was really
nothing in here to do.
Have yourselves a
Can you believe this? The Day before the biggest and most hyped IPO
in a decade and they can't keep the market up? Wow. To say I'm
surprised is a shortfall.
Maybe they're keeping their ammo dry for the afternoon. Since each