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We are witness to a really old world Biblical style attack on Gold
and darn near the same in oil. So, what's all that about? Did Gold
really fall 75 bucks today because Bernanke didn't talk about
QE3? I don't think so.
Heading into the last hour, we see that the DOW is just below 13K
again, while the S&P is once again below the 1371 it needs to
hold above. This patch of resistance is pretty strong.
Tomorrow, Bernanke will be doing his speech and
I got a couple questions about SNDK and whether we had stopped out
of itearly this am. We did not.
Remember the Rule here at IY folks, because I do forget to post it
This morning has looked like a lot of mornings recently. We open
okay and then we see the air come out, things look edgy and then
"boom" right back to the flatline we go. Today we did the same
So here we
Well it's been an interesting day. A couple times the market
looked like it might fade off, but they stepped in and picked up
the pace. So now at 3:05 as I'm writing this.. the DOW is up 33 and
it feels like they'll keep
Morning everyone, welcome to Wednesday.
As you all know, today I have to play "dad" and take my son in for
some surgery, so this is going to be the only update of the day.
With a bit of luck, tomorrow will just be
This is almost funny. I think.
We started out bland, a small bias to the upside. Then we went RED
for a bit. But just shallow red, just enough to make folks think
there's really a free market in place. Then... up we went.
You can see what they're doing here this am.. they're doing the
same thing I am. They're wondering just what to do.
We jumped out of the gate nicely.. but then cooled off. For a
while there it looked like we might go red. But
See? See what they can do when they want? I said over and over, I
don't trust this market, but there was no way a one day drop meant
anything. Now we're up 120 on the DOW and the S&P is at 1357.
Now, if they hold
The bogus news flow is ramping up. See, the market is down 89
points here at 2:45, so they have to come up with something quick.
I just heard a few moments ago that Iran says they have not halted
oil shipments to 6 European countries. That