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7 comments:
Monday will be even uglier, I predict. Then we may see some buying activity on Tues w/ the start of Q3.
Let's finish with today first - we still have 2.5 hours to incite panic.
This seems like the longest week in a long time. :)
Well thankfully Uncle Ben saved the financials with holding rates at 2% and not even attempting to buck inflation. The BKX shows this clearly. Ahem.
Hi, Mark
What's your take on oil? up or down from here...oil is the key to the market now....
Oil is in parabolic stage much like the last 6-7 months of NASDAQ 99-00
It was poised to break Wed 2:14 PM in low $130s, but Uncle Ben says, no inflation no worries - and its where all the money he has printed the past 9 months is hiding.
I dont know when it breaks or what causes it. The higher it goes the worst the global economy will be heading.
I guess we can have global stock markets where only oil stocks work and everything else crashes - that seems to be the philosophy right now.
I would be flabbergasted if the Invisible Hand does not create a bounce here ... ;)
"I would be flabbergasted if the Invisible Hand does not create a bounce here "
Good call
The first rule of the PPT is that you don't talk about PPT.
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