Financial history doesn't repeat itself, but it often rhymes.
You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
what the hell going on? Bad news is good news again? More writedown in MBIA, an unexpected sharp increase in weekly jobless claim and a lower consumer spend, but these don't crash the bear.
Things like that were why I stopped paying Tons of attention to the news.
This back and fourth is crushing..
I'd look to short in th 1450 range, when we stall.
Of course the jobs number could be a spine crusher.
Wall street is Sleazy. the s&p stuff is just a warning, it may happen in a week or two.
This looks to me like it was just a short term bear run to get lower prices to get long the market.
It also sounds like MBIA may make it.... currently. It's AMBAC that is a worry. and needs a bail out... But if it happens... I'd trust in a Federal bail out.
It's climbing the wall of worry again... We could go to 1500
what the hell going on? Bad news is good news again? More writedown in MBIA, an unexpected sharp increase in weekly jobless claim and a lower consumer spend, but these don't crash the bear.
ReplyDeleteNow Dow even in positive territory...
Things like that were why I stopped paying Tons of attention to the news.
ReplyDeleteThis back and fourth is crushing..
I'd look to short in th 1450 range, when we stall.
Of course the jobs number could be a spine crusher.
Wall street is Sleazy. the s&p stuff is just a warning, it may happen in a week or two.
This looks to me like it was just a short term bear run to get lower prices to get long the market.
It also sounds like MBIA may make it.... currently. It's AMBAC that is a worry. and needs a bail out...
But if it happens... I'd trust in a Federal bail out.
It's climbing the wall of worry again...
We could go to 1500