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Thanks for all the birthday well wishes folks, I do appreciate
Unfortunately this birthday hasn't gone the way I'd have liked. I
made a massive mistake this morning and I guess I'll have to use it
What a flat and boring day. They are desperate to keep the DOW
up and they're pulling it off, but it's on such low volume it's
I'm a bit miffed that I didn't sell that VFC this am.. we got it
I'm typing this at 2:56 as Bernanke's town hall meeting is still
in progress. To suggest I'm disappointed in it, would be an
enormous understatement. He's dancing around the issues and when
asked point blank about something he can't dance.. he simply lies.
Am I looking at 68 DOW points at 10:30?? I am. Why? I guess
they're buying into the earnings games.
Yet the things that actually make sense they're raiding again. ANR
stopped me out for a small gain. Here's an outfit
What an interesting day. They started the day raiding the gold and
silver pits, which beat up some of the miners, and this wasn't a
surprise. I think I mentioned this am that with the huge imbalance
they were going to have to try
As I expected, we're hovering. Sure we were up some this am, but
when the Philly Fed report hit, they didn't like it much as last
months reading was 40+ and this one is 18.
So, we have rising initial jobless claims and
As you can see the "problem" with huge gap up days is that 90% of
the move "up" comes from the gap, then stocks simply try and hover
around their open prices. We did go ahead and take NBR and ANR when
I figured they'd keep us green today, but you can almost smell the
desperation to do it. Al lthe talking heads are trying to tell us
why the debt issue is no big deal, and each time the market rolls
over a bit, the
So, we plunged on a bogus downgrade of our "outlook" which was
nothing more than a political ploy to get Washington to do
"something" about our debt limits. The market spent most of the day
down about 210 points and in the past
Chop. More Chop. We opened flat, and fell. Then we rose for no
reason what so ever. Then we faded back. I suspect that's how it's
going to go all day.
I still feel this market stinks like 5 day fish.