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Well no record for the S&P today, just another slow push
higher across the board. Heading into the last hour we have the DOW
up 52, and it certainly looks as though they'll keep us green for
the day. I did go ahead and pick up some
We were looking a bit weak there for a bit, and they sure didn't
want to stop our "9 day in a row" rally, so they dug up Mr. Tepper
the hedge fund manager, and he said that he thinks the market could
do 20% this year
Sorry I ran a bit late getting out of the blood test clinic. It
was pouring straight down and I wasn't much into trying to fight my
way back to the car throught that.
Anyway, the market is doing the stumble and crawl. After
I'm numb to this. Another up day on low volume. I know you don't
"need" volume when you have a lunatic Central banker, but we're
breaking records left and right for no apparent reason. We haven't
had the DOW up this many days in a row since
See? They got all cranked up about the non farm payroll report and
what did they do with it? They used it to lure buyers in and then
yanked the rug some.
I could have this all wrong, and be found to be stupid,
I sold the 800 shares of MU at 8.83 for a whopping 28 cent a
share gain. Whoo hoo! Okay lets get serious...I didn't want
to hold it, it is just too slow of a mover, so we sold it.
They've managed to keep the "tourist stop" green for the day, but
if you look around there's so much sector rotation going on it's
crazy. Yesterday you couldn't give anyone a material stock, today
they're up. Yesterday a gold miner was like having tuberculosis,
Well we've made it. On a Tuesday in the middle of nowhere, we
climbed over the old all time highs, and coming into the close we
still have them. So is this going to drum up even more
participants? There's no big volume surge here folks. This
Not very long ago ( like half an hour) the market was still doing
a lot off bobbing and weaving, hovering around the unchanged line.
Then a ton of things spiked higher, meaning someone or something
happened somewhere. I haven't found it, but it is probably
Remember when a dip lasted days if not weeks? Not now. Monday the
market crashed for 200, the next day they got it back. This morning
on the heels of weak PMI data from virtually every country, we fell
and fell, at one point down 115. Then