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.
Thursday, May 28, 2009
hardest 10 pts in the market
going to need to see this just naturally roll over to get through it.
going to need to see this just naturally roll over to get through it.
Am I correct to be a little creeped out that the bond auctions seem to be moving the market-- down one day and up the next.
ReplyDeleteIt seems that traders are really keying on that item, or maybe it's just coincidence.
R1 is 91.11
this all is creeping me out. but I'm not paying attention to the talking heads...
ReplyDeleteis that why they say the market is moving up?
That's the word on CBNC: Santelli said the 7-yr auction did better than expected at 13:00 hrs.
ReplyDeleteDecent volume. FCX, gold miners enfuego.
I like your bearish sectors... looking to add some short exposure. We are right at R1 91.11 and prolly will drop back to Pivot 90.32.
You also realize how similar this is to the early 2008 trade.
ReplyDeleteGood observation. We hit a short term high in May and it rolled over through July... then something happened in October...
ReplyDeleteare you just sayin, or are you implying?
I wasn't drawing a parallel to the date. Just that it's all oil, and decoupling, late cycle....
ReplyDeleteand sure there is money running with the lemmings, but it will probably end the same.
This morning there was something about how oil supply hadn't been this high since 92.
which makes this oil trade stupid.
but money talks.
and the dollar is stronger than it was last friday.