It’s beginning to look like they don’t really care, actually. The employment numbers can say we lost 30 million jobs in September and the Dow would rally 290 points on “cost cutting”.
AAII bulls at 49%. I would say that today was an uneventful day but crude oil had a pretty large sized key reversal and euro to a lesser effect. It was reported a few days ago that a flood of money has been going into emerging market debt and it was estimated that money Doubled in the third quarter from the previous year to date inflows. Thats a sign of a mania that is about to pop. A major bottom for the dollar should be imminent. Investors are chasing yield and think they are getting an extra benefit from rising foreign currencies.
AA easily “beat” estimates at 9c, what a load of crap. What a pump job. That is, after they cut estimated earnings from 17c to 6c. It’s not even worth it studying the market. Just buy when the Fed and the media decide to pump. And sell when they change their minds.
Well… looks like nothing is happening! Traders don’t seem too be fearful of the Non-Farm Payroll report tomorrow. So, I guess it’s going to be a non-event. We’ll see tomorrow morning, but it’s not looking good for a sell off tomorrow. Bummer…
I’m beginning to hate Apple! It’s the most over hyped stock out there. Sure, their products are great… but they cost twice as much! I can’t see how the consumer can afford them.
Not that bear flags work anymore (only bull flags are allowed), but we are carving one out right now. However, I doubt if it’s going to break the rising trendline (coming in around 1140 right now) that forms the channel the market is in now… even if it does play out.
It’s beginning to look like they don’t really care, actually. The employment numbers can say we lost 30 million jobs in September and the Dow would rally 290 points on “cost cutting”.
AAII bulls at 49%. I would say that today was an uneventful day but crude oil had a pretty large sized key reversal and euro to a lesser effect. It was reported a few days ago that a flood of money has been going into emerging market debt and it was estimated that money Doubled in the third quarter from the previous year to date inflows. Thats a sign of a mania that is about to pop. A major bottom for the dollar should be imminent. Investors are chasing yield and think they are getting an extra benefit from rising foreign currencies.
Chris Whalen (bank analyst) – banks could be in for a repeat of their 2008 nightmares in 2011. If Mr. Whalen is right the banking sector is in for a whole new round of government intervention, takeovers, likely nationalizations and general disaster
http://pragcap.com/chris-whalen-describes-why-2011-could-make-2008-look-like-a-cakewalk
Good round table discussion in this video: http://www.ustream.tv/channel/aei-economic-policy-events
AA easily “beat” estimates at 9c, what a load of crap. What a pump job. That is, after they cut estimated earnings from 17c to 6c. It’s not even worth it studying the market. Just buy when the Fed and the media decide to pump. And sell when they change their minds.
Well… looks like nothing is happening! Traders don’t seem too be fearful of the Non-Farm Payroll report tomorrow. So, I guess it’s going to be a non-event. We’ll see tomorrow morning, but it’s not looking good for a sell off tomorrow. Bummer…
Broadening pattern of S&P 500
Hahahah but they do make nice phones which people dont ( NEED ) but ( WANT ) thats one hell of a way to capture the market.
Nevermind about the bear flag… I must have had my monitor upside down! It’s an inverted bull flag… LOL!
I’m beginning to hate Apple! It’s the most over hyped stock out there. Sure, their products are great… but they cost twice as much! I can’t see how the consumer can afford them.
Not that bear flags work anymore (only bull flags are allowed), but we are carving one out right now. However, I doubt if it’s going to break the rising trendline (coming in around 1140 right now) that forms the channel the market is in now… even if it does play out.