50/200 in Bear cross mode, it's up to bulls to show they can rally long enough to bend these MA'S back up or both will begin to decline. When the 200 does the decline will probably pick up pace.
BOONE PICKENS N CNBC pushing his rediculous NAT GAS energy plan, what a good somaritan....isn't he big in nat gas? GEE what will happen to NAT GAS price is NAT GAS demand risies substantially? great solution BOONE! not
We already HAVE what we need! hybrids, clean burning high milage DIESELS!!!! just a switch to diesel by good % will bring down demand for oil dramatically.
**breaking data (free at link briefing.com)
Durable goods EX transports FALLS BIG 3.8% !! experts looking for .5% gain (why listen to analysts?) futures took a hit after the data.
Data continues to weaken, no proof economic recovery is sustainable....10 yr falls below 2.5% !!!
2 yr is under .47% !! return of your money is about all you can hope for.
I can be bullish stocks, in the right environment, at the right price, I think this is neither. Near record visits to my blog yesterday.....this is mostly word of mouth....welcome to any new readers....hope you find some value here and we keep growing in number....like an audience at a concert.....can feed off of that but I would do it for one.
Lots of stock writers using data going back to when it might have meant something, all the new rules passed since 2000, the uptick rules suspension....causing 23 90% volume days since APRIL!!! this is madness.....little by little the avg Joe has had enough. And with FED policy at 0% int rates JUST to prop up banks...its helping no one else....and leaving soured avg joe much less that avg returns if risk is whathe doesn't want, if saving is what he wants....savers getting hosed down reall good.....
GOV and FED policy is abject failure.....no alternative policies on the horizon folks
D
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