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Once again it's Greece in the news, as now they're saying that not
everyone had signed onto the deal. Can you believe this?
At one point the market was down about 78 points and starting to
look really ugly. Now as I'm typing this we're
So far, they've rescued the day. This morning when it looked
really bleak and I dumped a lot of stuff, we were under S&P
1350, and possibly looking at a slide. I said however that "they
can still rescue this market" and so far they have. At
They didn't completely pull the plug, but they didn't make any
moves to perk us up either, so that's something a bit different
than we've seen lately. I'm still comfortable holding all this over
the weekend with no stops, simply because by Sunday night we could
It's been a grind for sure. The DOW and the S&P are both up,
but you can see the desperation they are displaying to keep them
there. The techs are still doing "best" out of the whole
We did go ahead and
Greece is fixed. Greece is doomed. Greece is solved. Greece will
crash. Over and over, all day, every day.
For most of the day we've been down because Greece is in Limbo.
Ireland says there's no way it's getting out of the EU, while
Bless their hearts they sure tried. As I'm typing this we're up 32
on the DOW. Now.. I said I was suspect of this day, even with the
assurance by Bernanke that things aren't changing on his side. At
3:02 we went red on the NASDAQ
This has been a really interesting day. Some of the past
"leadership" stocks like CAT are soggy, while some of the materials
like BTU have gone nuts. We see some strength in tech, some here,
some there... it's really a mixed picture.
Well they did a masterful job of keeping the market "up" all day,
but there's been some interesting intra day "dips" in many areas.
But before we get too far here,lets chat about something.
I took CREE when it crossed 28.20. It ran to
Did I say we'd be flat today? I think I did. The market made a
move up heading towards the Bernanke comments, but quickly ran back
down to flat when it was over. So as we approach the final hour, we
have the DOW down
The day has held up very well as I thought it might. Here we are
at the end of the day and we're up 125 points. The single biggest
idiot part of my day, was that I got distracted, and forgot to set
an electronic alarm for