Thursday, June 16, 2011

LOOKING FOR BOTTOM IN ALL THE WRONG PLACES?

Maybe this new leg in rally is just slow getting started. The whole trading world is watching 200 MA and 1249, in the futures pits a little dif number.

AFter the series of 90% down volume days, fervent bottoms calls were coming from all corners and every THOM, DICK AND HAIRY CNBS could muster.

VIX ticked up a bit and I am still not convinced we are washed enough, to where it is safe to venture in......so many stocks are rolling over.

OH BOY maybe greece will get another bailout package, so the banks that gambled can also get bailed out...again.

DO we have a sustainable recovery, that IS going to create jobs, so the homes can be bought and we can get rocking again?  how many weeks above 400K in claims now? 2.5 years into this mess?

D

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