Friday, November 26, 2010

MEANINGLESS

Top Stories (yhoofinance.com)
"Stock futures slip as Europe's debt worries linger- AP
Stocks appear headed for a lower opening in an abbreviated trading session on Wall Street amid lingering uncertainty surrounding Europe's debt troubles. "

WAIT, but yesterday we rallied because these FEARS "subsided"?!! Do you see how rediculous these MSM headlines and commentary is? well it's meaningless.

Now I wake up and force myself to watch 2 minutes of financial TV......."BUY THE DIP....BUY THE DIP" let's see if buyers come in today, in a shortened trading session with sure to be LIGHT VOLUME...isn't everyone standing in line somewhere to spend all their increased pay on a slew of amazing bargains? SHOP TIL YOU DROP....that's what we're good at....."forget all your troubles....downtown.....that's where you want to be....downtown...."

ADJ MONEY BASE largest measure of MONEY continues to contract.

Between Nov 5-12 almost 20 different marget segments made highs and have receeded.....very odd. SOme measures of BULLISHNESS are back to 2007 LEVELS!!! (like my name a CONTRARY indicator)

The US wipe you keester with $ is back above 80.00 on the index this morning....the EURO in freefall, see how some things can act when left for dead and unloved....long way from 89.00 double top.

FED'S reckless gambit of QE has shown without doubt NOT to stimulate economy, just banksters pockets......it's only a matter of time that IF the REAL ECONOMY is not improving like they'd have us believe this will all fall apart IMHO

D

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