If you want to know why I havent done much buying…QIHU,SSYS for starters…there is just not much there. I am still not ready to short though there was some plays knocking into the 50 day. We are still dealing with the fiscal stiff noise and fake jobs number Friday. Dont forget, the maniacal fed is…
New York City features some of the world’s biggest and most beautiful buildings but it didn’t happen overnight. A series of beautiful black and white photos released by Corbis images show how these legendary buildings came to be and the men who made them. Continued SOURCE: http://www.dailymail.co.uk
1. The tourists sunbathing next to the Costa Concordia 2. The Waldo Canyon fire 3. Outside the Century 16 movie theater in Aurora, Colorado Continued SOURCE: http://www.buzzfeed.com The 45 Most Powerful Images Of 2012
On Monday’s CBS This Morning, Cheesecake Factory CEO David Overton spotlighted the looming economic impact of Obamacare’s implementation, especially on small enterprises: “For those businesses that don’t cover their employees, they’ll be in for a very expensive situation.” Overton also warned that the cost of the law would be passed on to customers. Continued SOURCE: http://newsbusters.org
The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income. The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than…
Some not so normal stuff occurring right now. This morning…euro is soaring…but futures are down a little and gold is being smoked. Normally, gold goes up when the dollar is weak. Also, oil prices getting hit…so a change in what we are seeing with the currency/market dynamic. Without a doubt, markets hit a wall…
https://archives.warpradio.com/btr/InvestorsEdge/120318.mp3 JUST LETTING YOU KNOW November 16 was a Friday. That day the market was in a fall into that day. That day was getting real ugly. And on that day we had something called massive put buying. The whole world was buying puts on the market, betting on further downside AFTER a big drop….
Nothing good happened today. In fact, if there wasn’t all this noise on the fiscal stiff, I may just look to do some shorting. Market sold off right as it hit inflection points today…namely the S&P at the 50 day. Good sale today on RAX…did not like the straight up move…so will look at…
I am tinkering a little here. RAX is sloppier than others…straight up action. Go sell. My hope that the straight up condition gets pulled in where it can be revisited.
Amazingly, with today’s gap to the upside, major indices are back into the day after the election…when markets really turned down. We got a reversal on Nov 16 and haven’t looked back as they rammed this thing in a shortened Thanksgiving week and continuing into month-end and another gap into the new month. I stopped…
