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Sorry I’m late on this posting folks, my
laptop overheated and shut down on my just as I was writing this
post. Go figure.
Well that's a strange enough start. We gapped, we ran, and we've
pulled back to essentially flat. I haven't done anything, and I
guess my prediction that they'll just "hover" the market until the
elections could be coming true. I'm not certain that they
Well this is interesting action. Down over 100 an hour into the
day is definitely "different" from what we've had lately. In a lot
of ways I'm awful close to just selling the two short term
positions, but JCI is actually 'up" on the
Well.. it's a mixed bag out there for sure. They liked the
consumer confidence numbers because they rose a bit, but all they
could do with it was get us green for a bit. so far it's a pretty
Insiders Club Update
See what happens when the Fed's don't have a scheduled POMO or
direct purchase scheduled? The market was up a hundred but couldn't
hold and at one point was just 25 point away from red. But not to
worry because today, they
Well they really poured on the juice here this am, and hey, I
can't complain... our JCI, our MDT are both doing great. I just
picked up CBOE as it crossed 24, and although it's not roaring
higher, I feel okay with it.
I just want to remark about the "beige book" that just came
According to the Fed, the economy is still growing and they see
signs of a pick up in retail sales, etc. Overall it wasn't
Update / Note
As you guys might know, Timmy "turbo tax" Geithner was speaking at
some forum trying to hype a "strong dollar" policy. I almost puked
when I heard that, because we are destined to destroy the dollar.
Oh well, they said the same
I'm sitting here shaking my head over STX. Back on 9/30 I
thought I saw some "interesting" action there and I suggested I
liked it a lot if it broke over 12.15. Now it's at 16+ because of
takeover "rumors". Darn, that would have
What a weird sort of morning eh? Bernanke told us he was going to
let loose with more money. The market futures spiked, but the open
wasn't spectacular. Then we fell 70 points, very similar to
yesterday's action. Now we've been climbing back, down just
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