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First up a note... I have to take some folks to the airport this
am, so I can't make any comments at 11 am this morning. I probably
won't be back until 2 or so. I will however check in
Another slide to nowhere. And it's picking up speed in the last
Like I said, until we hear from Benji.. look out below.
Okay, all I did today was get out of CNX and ECA as I said
Well we're in the danger zone for sure. With the DOW at 12718 and
the S&P hovering at the 1340 level, this all has to hold or
we're going to plunge considerably lower. Yes we've seen them
dig in a bit, bringing us up from the opening
They're putting on the weekend show. They certainly can't have a
red day on a weekend where everyone's going to be talking about JP
morgan losing 2 billion dollars in shady derivative trades.
I do indeed expect them to run the day out green,
It's evident that Bernanke didn't say a thing about QE, and that's
exactly why we've gone from being up 80 this am, to being up just
40 and struggling to hold that.
Here's the deal folks.. We were red for 6 sessions. This is
A replay of yesterday... down 180 then climbing the closer
we get to Europe closing. This makes 6 sessions in a row where the
DOW has been red, and although it does happen, it's awful rare to
see more than 6.
In the past,
Are they going to take us back to flat? Probably not, but as I
suggested this morning they weren't going to sell us off all
I have no reason to do anything silly in here today, as we could
I try and come up with something good to do in this market and
every time I look across the landscape, I find "not much" that's
Oh sure if Bernanke came out and said he's doing "Operation twist
the market higher"... we'd
We're in the "pout" over the jobs report. They should be. For
months on end we've been telling anyone that would listen that the
economy is crap. All the clowns on CNBC are trying to tell us how
this wasn't that bad. Onejust said "this keeps QE
How much does this stink? Very much. During the am session they
were holding things up fairly well, but sure enough once the 1 pm
time slot rolled around, wave after wave of selling programs
started to hit.
I backed out of the PX