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Hey what did you guys do to my market? Ha.
I had a hunch they'd sell us down some, take some profits, etc.
So, they're using the failure of MFGlobal ..John Corzine's hedge
fund as proof about how bad Europe is still and yada
A long grinding flat session for sure, but that's what I expected.
They weren't about to let this go, and as we head into the close, I
suspect we'll coast out flat.
I have to mention AMZN here folks. As you know, we bought
Wow, what a day. They can't help themselves, they're pouring in
trying to make up the lost ground of all year. Lots of fund
managers are up just a couple percent and they're desperate to keep
their jobs. They're really reaching here.
Well this has been a crazy day and it's only an hour and a half
into it. I'm almost glad I've got a 1.5 hour ride to the airport
We gapped and ran at the open. Then, we got wome convoluted
We've been down more than 150.. now down 109.. they're calling it
a victory. Meanwhile Gold is up 55 dollars. I'm hoping all of you
followed us into the GLD a few weeks ago, we're up 10 dollars a
share there. Whoo hoo!
I think it's important from a "training" stance to look at this
mornings open for a minute. We'll use CLR as the guinnea pig. I
said I liked CLR over 60. Well it opened at 60.15 and wobbled
widely. in 4 minutes it was down
Okay folks, they've held us up pretty much all day. I had sold
half my CAT holding at about 11:15 am and am just geared up to sell
the other half now. So, although it's great getting a buck and a
half on a thousand shares.. we
Another incredibly whippy day, we were down hard earlier in the
session, then came back to flat. Now at 3:00, we're up at the highs
of the day, looking at gains of 55 points.
Did something change? Not a thing. The market is living
They tried and tried. Several times the S&P was threatening
the 1230 level, but couldn't make the push. Then the air came out,
and as I'm writing this at 2:40 we're down 65 on the DOW. This last
hour is going to be very interesting to watch.
Maybe I'm not nuts? I went way against the grain, holding out on
the idea that they would challenge the recent high and even bust
through it. It looked stupid yesterday, but now at 3 pm with the
market up 100, and the S&P down just 10