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What to think? From down almost 100, we're down just 29 at
Was that it? Did we get close enough to last weeks lows, to call
it a double bottom and now we run back to the top of the range at
How about it?
Along with all the other baloney we've had to deal with over the
last two weeks, this last week of the quarter has tossed even more
twists in the game. Lots of quarter-end window dressing going on
Sorry. Some days just need a redo....
You know the old expression.. some days your the bug, some days
you're the windshield. Today I have been the bug. I sent the
afternoon update, but forgot the stupid button they changed to send
mails, and being
Highs of the day ... and there's probably more to come. This week
rounds out the end of the Quarter, and with Bernanke's announcment
today that yes indeed the money spigot is going to run wild.. I
guess they're just going to ignore gasoline, lousy housing,
There's no volume up or down. There's no leadership. There's
They've been able to keep the DOW over 13K, but only by 23
points The S&P has faded down to 1390.
I said this am, I
Interesting day. They made a few feeble attempts to do something,
and it was repelled. As I write this we're down 87.
I'd love to tell you that we should buy this dip... or that we
should run like hell. Problem is, I don't know.
The market is churning in place, as Bernanke and Turbo Tim
Geithner are talking economic baloney to our banking committees and
budget committees. We've been slightly green, we've been slightly
Until they stop grilling these two, the market probably won't go
I need to make a correction to the last email I sent. While I was
talking about Cramer having CLF on, I was supposed to be talking
about removing the stop on ANR .. not just how the other one,
Pull up a chair, let's chat.
In the past two days I've gotten about 20 emails asking why I
haven't bought AAPL. There are several reasons.
There are a lot of you who were not investing in 98 -
They're diggin in their heels and trying to hold this market
green. I tend to think that they'll be successful simply because it
will look so good to the Joey Sixpacks this weekend. But as you all
know.. I don't like this rally, it's fake and yes
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