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Well this is quite a day. We're up 244 points on a plan that very
well might fall apart. So, we just nibbled, taking PPO and JEC. I
will NOT let them go red on me.
So, I'm thinking they try and hold the
Well. This has me a bit baffled. By now most of you probably know
that the "mandate" that everyone carry insurance was upheld by the
Supreme Court. I had expected it to be shot down. But they did it
in a "backdoor" fashion. they ducked
They're putting in a bounce. We had a hunch they might, but the
question was... for how long? We simply don't trust it at
This is a decent show they're putting on. We've got 80 DOW points.
But in the scope of things,
See? No oomph. The economic numbers we got at 10 were weak, and
despite a decent pop at the open, it didn't take long for the DOW
to settle back into the red. I suggest this is how we're going to
be until we hear of something
Well all we've learned this morning is that the decision on Obama
care, is not coming today. So, it's a crap shoot. It could be
tomorrow am, tomorrow afternoon, or Wed. (possibly even
The market has been pretty sour. We've lost DOW 12,500 but
It's an interesting morning. They've come in to support equities,
but they're struggling with it. But one might ask the question..
why are they even trying?
I tend to think that some of this bounce is in anticipation of the
supreme court deciding that
Well, it's time to do a bit of housekeeping. Yesterday
afternoon I had removed some stops, knowing the market would knee
jerk on Bernanke. This morning I was watching XLK and SLCA sliding
from their opening highs, and frankly I'm just not in the mood
Yes I strapped myself into my chair, stuffed a sock in my
mouth so my neighbors wouldn't think I have turrets and listened to
Bernanke lie about the economy, the so called recovery and his
plans. It was painful. But I've held everything, I ignored any
I never have a problem admitting when I've got it wrong and I got
today wrong. I thought they'd keep us flat today, not up 100+
points. Some of this is a bit over the top, because I have to think
that a lot of it is
As expected, the weak futures were not going to last and we've got
the S&P going green, the NASDAQ made green and the DOW climbed
it's way from down 60 to down 16.
The reason is simple, and it has nothing to do with the