Futures show green open, wee Dow 13,000 and hold? Ponder.....2% 10 year yields show either extreme FEAR ad DEFLATION or manipulation. there was extreme manipulation after tech bubble burst, how'd that turn out? OH we got 3 years of fun and higher stocks, actually new all time highs by 2007....then how'd that turn out? NOW, we have HISTORICAL intervention, 0% rates guaranteed for another 3 years making it 6 YEARS of 0% FED rates for banks....how's this gonna turn out?
Gap earnings off 44%, but they will buy back $1B of stock? (boy they got that much cash?) and raise divi 11% (more cash and more profits for that too?)
STocks rallying, oil and gold because of WEAK $? How's that coming $4 gasoline feel? DOES OIL above $108 begin to threaten ecocnomy? YES
Traders talk: see 1350 SPX key level to HOLD for nice 2nd half of year. VIX falling to 18 level, after historic level of volatility last year, this year not even 1 90% volume day? Complacency?
Market due for push back that doesn't seem to come....
D
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2 comments:
Just have to keep on waiting. They need to keep it high for the King.
Jay, alright you're still around....been quiet. My only question is now that VIX is dropping, is it harder for you to make money? Do you switch strategies and swing trade...
A Recession seems to be brewing, stock prices aided by FED action, not economic activity...a false
g-d....how much more can the sloching money printing take this market? and the price? back to the lows...
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