ping and related
Wait’ll the Monday after black Friday.
Yeah, the biggest rally of three lifetimes, and it’s never enough.
The propaganada is as thick as I have ever seen it.
Usually, all the shorts have to do is to think to themselves “this is it!, it’s finally going to blow” and the market runs them over.
When the day comes that it *does* crack, there won’t be any shorts left to catch it...either for themselves to profit from, or for the longs who will be smoked.
What it’s been like shorting the market this past 6-8 months:
http://www.youtube.com/watch?v=9K5-elYuPfM&feature=rec-LGOUT-exp_stronger_r2%20-HM
For the market to go down the last couple of the months of the year is normal, isn’t it? Been a while since I was in the market but that’s tax selling season.
Obama’s remarks this week were the clue, the hint, or as I said here a freaking shout!
BEIJING, Nov. 18 (UPI) — U.S. President Barack Obama Wednesday warned growing national debt could undermine public confidence and “could actually lead to a double-dip recession.”
Folks it is here! It is no longer here it comes, it has arrived on the tarmac. China told 0bama to f***-off.
Actually the market closed down 93.87 for the day. Do you ever get tired of doom and gloom?
So he didn't see the upside coming, or was in denial about it while it's been going on, but now his crystal ball is working?
A downward swing of 100 points is not all that unusual. Neither is an upward swing of 100+. Closing down on a Friday does not mean the market is collapsing. It means it will be UP Monday.
http://www.cbsnews.com/blogs/2009/11/18/politics/politicalhotsheet/entry5700582.shtml
Tax Stock Trades say Democrats!