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This morning's drop out which took us from + 60 to -70 was pretty
rude to say the least. But maybe worse, the "headfakes" both up and
down have been particularly annoying today. Lately, they've been
putting in morning lows, and then when Europe closes
As I expected, the morning "dip" ended up being the low, and from
the time of my second post of the day, they've worked the market
higher and higher. As I'm typing this at 2:45 we're down just 12
and we'll probably punch through to green. (
it's been a grind of a day, with the DOW down for most of it. But
here at the last hour they're trying to pick it up off the
I found this interesting, ...
1:09 PM Fitch slashes its debt ratings
The saga continues.. they ( comcast) came, changed some splitters,
the block head, the modems.. and ten minutes later.. down we went.
So, guess who's on their way back?? What a pain.
In any event, as you probably see in the market
After kicking it around, and digging into it, the market agrees
with me, they've done a form of QE by extending the timeline. To
quote Pimco, We got QE2.5, QE 3 is still coming. I
The market actually likes what he's done and what
A long grinding session that's somewhat misleading. While the DOW
is down about 40, and the S&P is off a couple, there's a lot of
stocks that held up very very well.
We haven't taken on anything new because this mornings gap down
Hi all, sorry I'm a bit late. I'm sort of under the weather here
today and things are obviously taking a bit longer to gel so to
As I figured, we're just sort of wobbling around here today. At
one point not long
Not a tremendously strong session...it is what's necessary. We've
been up quite nicely for a couple weeks now and you have to have
these "pause" days or it gets terribly frothy and then the pullback
gets ugly. So, a quiet session heading into the weekend makes
This morning when I was looking for charts I liked AXP a lot,
despite knowing that they were reporting earnings tonight. I did
take it at the open getting a fill at 50.61/62 But because of
earnings tonight, I don't want to hold it
I didn't notice that FCX reports earnings tomorrow am. I was
alerted by a good subscriber (thank you!). So, I've sold my
position. Hey we can't complain, in at 43.25 and out at 44.55 we'll
take that dollar thirty thank you.