Another reason for the sell of could be due to a hedge fund that imploded. One of my associates heard some speculation of this going around the pits today.
I will post if a get any additional info on the story.
looks like the shorts got the jump on us. Right when I thought “we” had it figured out the “cartel” steps ahead of us and sells. On what news? Rueters states Jobless claims (weekly) and soviergn debt problems, see yahoofincancial
I've read the revisions to the monthly employment data for the previous YEAR will come out tomorrow and the bad news is that it's thought the revisions could be 100K more each of the 12 months unemployed than reported (according to larry levin). This bad news for 2009 will overshadow the NFP tomorrow. So they sold the bad news today.
He Red, Looks like we may need to change the game plan. I did not see this drop coming and I am not short, sitting mostly in cash at this time. Do you still see things playing out with a leg down in the markets starting sometime next week?
Thanks again for all of your research and analysis.
I'm a 100% cash now Steveo… I'm just waiting for the finally push higher on Friday or Monday. Target is 112-113 spy. I'll be going 100% short at that area. Yes, I'm that confident that the market will fall. My target is 104 by OPX.
Another reason for the sell of could be due to a hedge fund that imploded. One of my associates heard some speculation of this going around the pits today.
I will post if a get any additional info on the story.
I'm hoping for a bounce tomorrow ben… I totally didn't see this one coming.
I'm sitting in cash too Captain. I didn't see this one coming. I'll have too wait for a bounce… hopefully tomorrow.
No, I miss this one Monica. I'm glad your short though. I'll have to wait for a bounce now to get short. Arrrgggh!
You short now?
looks like the shorts got the jump on us. Right when I thought “we” had it figured out the “cartel” steps ahead of us and sells. On what news? Rueters states Jobless claims (weekly) and soviergn debt problems, see yahoofincancial
I've read the revisions to the monthly employment data for the previous YEAR will come out tomorrow and the bad news is that it's thought the revisions could be 100K more each of the 12 months unemployed than reported (according to larry levin). This bad news for 2009 will overshadow the NFP tomorrow. So they sold the bad news today.
He Red, Looks like we may need to change the game plan. I did not see this drop coming and I am not short, sitting mostly in cash at this time. Do you still see things playing out with a leg down in the markets starting sometime next week?
Thanks again for all of your research and analysis.
I'm a 100% cash now Steveo… I'm just waiting for the finally push higher on Friday or Monday. Target is 112-113 spy. I'll be going 100% short at that area. Yes, I'm that confident that the market will fall. My target is 104 by OPX.
Glad to have you join me Crash. This Friday or Monday will be the time to go short. We just have too wait for another push higher first. Patience….
I believe you. I am still short.