I also get some inspiration from my buddy Matt, an excellent trader and one that makes sure I don't fall alseep. I correspond with many knowlegable investors and all around good people (yes a couple of SHARP gals too!) I am blessed to have met. These friends have a wealth of info and insights I am lucky to be a part of.
Now, WMT getting slammed after reporting a 6% increase in sales? Yes, punkish action.
Old saying worn thin....? or forgotten, the "Generals lead the troops" and when they don't you must be wary. GE WMT MSFT CJPM and many more and you could add Dow 30 is behind the small caps in performance, that is sad!
Bonds flying with bullishness last few days, and I honestly don;t know for sure is just correction to upward bias (shown with rising 50 SMA) or are we headed to a new low for the move in yields?
One has to wonder why yields ignore record home and oil prices? unless they see this rise as a transitory move? ONE that is going to get retraced?
FNM secondary mortgage king has been in tailspin. Lower yields have not created another flood of refi's.
US soldiers losing their lives in AFHGAN!!>??? at near record pace WTF? Taliban still causing trouble.
Gas is KILLING the hourly worker, so BUSH and FED policy have enriched the wise guys and put the screws to the little guys. Higher energy and loss of manufacturing jobs is not an accident.
CPI does not reflect rising housing (they use rent equiv??!!) property taxes or cost of filling up! what a joke!
Silver has not run with gold, is this wierd action influenced by Deflationary tones?
We are nearing an end in the cyclical bull, credit and debt expansion, and the housing boom. 70% home ownership already record. Sub prime lending troubles me.
IF and when consumers pull in their horns, the bull gets gored.
Duratek
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