Good Morning --stock index futures are really upbeat today @ +0.31% today!!
Promises promises. They were upbeat yesterday morning too and we they got slammed enough for IBD ro rate this officially market in correction. fwiw, futures are down for metals this AM, but inspite of the hooplah they've also been sagging lately w/ silver heading back toward $16 and gold stuck at $1,200.
Humph. So while today we'll hear from Housing Starts, Building Permits my thinking is that (like we've seen before) investors would still be doing better buying at the "correction" and selling at the "uptrend".
Warning: past performance is no guarantee of future returns.
Hey no problem because we can all sit back and enjoy this NASA video that's gone viral --my daughter's in it and she & her coworkers put together...
Futures have turned negative, while oil is also down.
So what about money, Jake?” Gekko challenges him. “You like her?”
“Do I like her?” Jake sputters. “I’ve never thought about money as a she.”
“Oh,” Gekko says. “She lies there at night in bed with you, looking at you, one eye open money never sleeps.”
Hope none of you are trading USDRUB - Adult Swim Only... gracious that chart is a MESS!
Good Video! So I assume daughter is the cute one?
LOL I saw that video yesterday. Didn’t knew there was a STAR in it! ;-)
This oil price collapse is bringing us an investment opportunity the likes of which I didn’t think I’d see again. I don’t for a minute believe this low price will last... in the long term.
I could see it falling a little further... $50. Maybe even lower... $42 was the low close from 2009 ($37.5 Intra-day). 6 months from now, does anyone really believe Oil will still be below $50? I don’t.
IMO, this collapse is a coordinated event... planned by the US, with help from the Saudis, to punish Putin and slow the development of shale oil and LNG in the US. It’s working, too....
Of course, the question is: How long does this game go on? When the price starts to go back up, it will move quickly. But, that might yet be a while.
Enjoyed the video. happy trading.