.... Wierd I have to apologise for my bullish outlook...
it was in the cards, and I've been talking about a strong denial rally since January. Historically, as I've seen. We just catch a bounce, thinking that the earnings will be fine... earnings won't be fine. *shrug*....
Maybe we will wait for NFP tomorrow, sort of muddle in this Wave 4/Wave B correction. We get initial claims today..
fore those keeping track of my garden..... I had an incredible day yesterday... in fact I kept track of the market in the morning, I was waiting for a chance to buy some more financials. But after the market closed, I caught up on most the spring planting that I was behind on... Greenhouse is rocking!!! sat around getting things ready for the summer!!! whoooohooo!!
I woke up for the first time at 2am... things are best when I get things going at this time, I get my reading done, breakfast done... and I can just mellow out until the market opens...
Thursday, April 3, 2008
Morning everyone.
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2 comments:
Good morning Eric,
Forget about how bearish we are, don't try to fight against the bull at this moment. Remember the insane 391 points rally and killing the short interest at once. With Soros Sees Additional Market Declines After Temporary Reprieve http://www.bloomberg.com/apps/news?pid=20601103&sid=ajkPSW_domB4&refer=news
the market only down by 48 points yesterday and you will see how bullish folks are today.
By the way, i am betting we are having a better than expected NFP tomorrow with yesterday ADP report of +8k.
that initial claims, gives some hope for the bear case..
that pulls 10k off of the nfp.
it's such a lousy statistic +/- 50K error.
Big bears are saying negative 90k.
we need negative 150k for us to see the big recession....
Maybe next month.
I haven't been long in front of NFP since October.... Till now.
I expect some muddling today.. people just waiting for tomorrow.
it's normal after this first dip in the market to come zooming out of it.... only to turn back around in a few weeks.... or maybe we have run as far as we will run.... still... I'm betting one more leg up....
or something....
Thanks for Commenting, I appreciate the input. hopefully you don't mind when I don't agree....
I'm crazy anyways... ;)
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