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Post by dino on Nov 2, 2011 14:01:46 GMT -5
wedgies, wedgies, wedgies. everywhere i look i see wedgies.
vix in falling wedge.
minis in rising wedge.
iwm, iyr, rifin all have rising wedges.
bulls need to keep pushing here...
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Post by crumbdon on Nov 2, 2011 14:07:41 GMT -5
wedgies, wedgies, wedgies. everywhere i look i see wedgies.... I've got one too, from squirming in my chair over my 13.33 FAS purchase.  Fed day, could still run either way into the close. No big reaction after the 12:30 announcement, so not easy to fade. But the slow selloff that eventually followed says most likely path into the close is a slow grind up, especially after 2 days of hard selling and no surprises from Uncle Benny. GL, all! |
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Post by Clinton SPX on Nov 2, 2011 14:44:09 GMT -5
So wheres the bullish part?
FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%
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Post by natsalilfly on Nov 2, 2011 14:53:38 GMT -5
Clint, the market's like a child at the amusment park when the parents want to take him home because it's gotten dark and cold and windy and raining and lightening and thunder, but the kid just wants to ride the roller coaster one more time...puhleeze!!!
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Post by Clinton SPX on Nov 2, 2011 14:55:57 GMT -5
its no wonder the "pros" like Paulson are down 50% for the year
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Post by Clinton SPX on Nov 2, 2011 14:58:56 GMT -5
adding to my fin short
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Post by Clinton SPX on Nov 2, 2011 15:00:13 GMT -5
ok, theres NO QE3, theres no jobs added, theres no recovery in housing and theres no money in the bailout fund yet.
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Post by Clinton SPX on Nov 2, 2011 15:01:56 GMT -5
I think odds of tomorrow being a gap down are pretty good
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Post by natsalilfly on Nov 2, 2011 15:03:23 GMT -5
could be, just heard G20 telling Greece all aid is halted til they take their vote
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Post by elle on Nov 2, 2011 15:13:32 GMT -5
change my mind, holding 1/2 long o/n, but selling AM, then leaving town for a few days. have a buy in for Fri pm if we get a bigger down move.
$$ flos 2 neg, but short buying
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Post by Clinton SPX on Nov 2, 2011 21:33:27 GMT -5
So wheres the bullish part? FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9% FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7% FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8% FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9% FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2% FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5% FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6% Everyone that went long after this came out, deserves a -200 gap down for being so damn dumb. (Im not talking about fastopians Im talking about the Fed bots) |
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Post by novice08 on Nov 2, 2011 21:41:06 GMT -5
And we know from experience that these numbers are very optimistic...and unemployment number not real...heard today 51 million Americans now on food stamps (did I hear that right?) Geez.
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Post by Clinton SPX on Nov 2, 2011 21:43:31 GMT -5
And we know from experience that these numbers are very optimistic...and unemployment number not real...heard today 51 million Americans now on food stamps (did I hear that right?) Geez. Its funny too bloom was talking about how strong the market was and followed with a story about comcast losing cable viewers because they can no longer afford it |
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Post by jack on Nov 2, 2011 21:53:09 GMT -5
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Post by novice08 on Nov 2, 2011 22:00:41 GMT -5
Thanks Jack...it's pretty unreal. Not sure what one needs to (not) have/do to qualify. There are also many food banks around here and assume that goes for the rest of the country. Of course they can't afford comcast. Have to say, the price of food is just going crazy...also, found out today that the unbelievable increases in energy costs coming are stealth taxes (politicians don't have to fess up to these) as reported by a developer I know who talks to the Electric Co. on a regular basis...just what we all need, higher energy taxes.
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