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Post by cosmic on Apr 9, 2012 8:05:54 GMT -5
I had paint in my eyes since late Thursday night and just saw this candle now. Who's going to buy this candle?  |
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Post by huh? on Apr 9, 2012 8:09:18 GMT -5
Bots have no fear.
LOL
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Post by Rich on Apr 9, 2012 8:12:36 GMT -5
uh...maybe we should wait a bit see what it does  |
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Post by natsalilfly on Apr 9, 2012 8:16:24 GMT -5
I don't really understand this violent move. So we didn't add as many jobs as hoped? I feel like we're living the converse of the hyper rallies spurred on by the "better than expected" financial disaster reports of 2009. This is a not a dip, but a tank based on "not as good as expected" growth reports.  This market is still characterized by overreaction, we haven't moved on. |
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Post by cosmic on Apr 9, 2012 8:20:35 GMT -5
The other side of that Nat is we had a GREAT report the prior report - supposedly - it was absolutely astounding and furthered that we'd dropped from a 21% unemployment rate to 8.5% in only 7 months.
That was the reason for the last rally, or so we were told.
So I'm wondering if what we're 'told' is problematic. Or, should we just not trade on what we're 'told' lol
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Post by Rich on Apr 9, 2012 8:21:08 GMT -5
the big headlines hurt the trader psyche.
Yahoo cutting so many thousand jobs.
I just saw another one, can't think of who it is.
These are contrary to the generally bullish mantra.
They should give pause.
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Post by cosmic on Apr 9, 2012 8:26:19 GMT -5
The market is fickle Rich - there was a time when job cuts were seen as ways to more profitability, so companies soared. Nowadays when you cut (during "the most magnificent recovery arranged in 80+ years") you are seen as being terribly problematic as a company.
For example Yahoo does not suffer with higher gas prices, unless it's running diesel-based servers.
Same with anyone else cutting NOW. You're supposed to be growing NOW.
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Post by dino on Apr 9, 2012 8:30:24 GMT -5
16 point point drop in 5 minutes.
<sarc>It had a bottoming tail though.</sarc>
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Post by Rich on Apr 9, 2012 8:32:57 GMT -5
heard a positive comment on bloom last night about the economy entering a 'sweet zone' whereas low interest rates are finally beginning to bear fruit and could continue to do so at an expanding rate.
again, generally bullish mantra.
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Post by novice08 on Apr 9, 2012 8:33:27 GMT -5
Think we're in for the 10% or so pullback during the next 2-3 wks.
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Post by Clinton SPX on Apr 9, 2012 8:38:30 GMT -5
shorting into earnings with oil getting cheaper sounds crazy to me.
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Post by Clinton SPX on Apr 9, 2012 8:39:27 GMT -5
April is #1 month for DOW
Now why do you think that is?
Because beating estimates is a joke
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Post by Clinton SPX on Apr 9, 2012 8:40:55 GMT -5
bloom just did poll 67% believe earnings will take us up
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Post by cosmic on Apr 9, 2012 8:41:39 GMT -5
April is #1 month for DOW Now why do you think that is? Because beating estimates is a joke Always figured it had to do with tax selling. I picked up more DRN at 63.85 to add to my 66.30 bag. |
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Post by natsalilfly on Apr 9, 2012 8:43:01 GMT -5
the big headlines hurt the trader psyche. Yahoo cutting so many thousand jobs. I just saw another one, can't think of who it is. These are contrary to the generally bullish mantra. They should give pause. You're thinking of the Sony layoff. |
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Post by natsalilfly on Apr 9, 2012 8:44:34 GMT -5
AA's getting bought, and that's one to watch with earnings tomorrow.
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Post by Clinton SPX on Apr 9, 2012 8:44:39 GMT -5
April is #1 month for DOW Now why do you think that is? Because beating estimates is a joke Always figured it had to do with tax selling. I picked up more DRN at 63.85 to add to my 66.30 bag. and how does selling make a market go up? |
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Post by Clinton SPX on Apr 9, 2012 8:45:15 GMT -5
AA's getting bought, and that's one to watch with earnings tomorrow. I think they beat for once |
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Post by Rich on Apr 9, 2012 8:45:24 GMT -5
that is what I believe also
but
Spain is beginning to be talked about
so many things can affect
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Post by Clinton SPX on Apr 9, 2012 8:49:29 GMT -5
all that said I did vote bearish for today
just cuz earnings dont start till tomorrow.
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Post by natsalilfly on Apr 9, 2012 8:53:27 GMT -5
AA's getting bought, and that's one to watch with earnings tomorrow. I think they beat for once Well their green coat didn't survive that last downdraft. We'll see. |
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Post by dino on Apr 9, 2012 8:54:53 GMT -5
shorting into earnings with oil getting cheaper sounds crazy to me. Yeah, but it's not like oil has dropped to 70/80 bucks a barrel again. It's still over $100 and gas is still high. |
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Post by tajmahal9898 on Apr 9, 2012 9:21:01 GMT -5
Have not started the week on a positive note - down 15K (10K TBT, 5K VXX)..
shorted VXX 19 calls, long 19 puts for 12 cents. will sell 18 puts if and when VXX goes down.
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This market is still characterized by overreaction, we haven't moved on.
