It remains strange how quickly the mood has been changing in this market - a month ago we were in panic mode... then it was followed by 2 weeks of unadulterated euphoria... then random choppy action dominated by the phrasing of a Bernank comment.
Friday, July 15, 2011
Not too Impressive
Not that impressive of action considering some of the earnings beats and M&A action happening out there today. We've broken slightly below the 20 and 50 day moving averages, and there have been a lot of late day sell the news reactions this week.
It remains strange how quickly the mood has been changing in this market - a month ago we were in panic mode... then it was followed by 2 weeks of unadulterated euphoria... then random choppy action dominated by the phrasing of a Bernank comment.
It remains strange how quickly the mood has been changing in this market - a month ago we were in panic mode... then it was followed by 2 weeks of unadulterated euphoria... then random choppy action dominated by the phrasing of a Bernank comment.
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Best Of FMMF
- Blogroll
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows