Markets

WILD SWINGS THIS MORNING AND THE MARKET HAS NOT EVEN OPENED. Futures have moved almost 500 points this morning. At first, up around 200 Dow points…to down 300…to now down about 130, 140, 120, 150 and 190 as we send this to you.. JUST DON’T BLINK! The culprit, POSSIBLE INFLATION. POSSIBLE SLOWDOWN. The inflation number…

After strong day yesterday with a mystery 150 point close near the close, we have a decent gap to the downside today. TIME AND PRICE! We believe after a drop like we just saw, we are going to get time and price. That means up down, up down, up down. Some good days, some bad…

Uh…uh…uh…a big gap to the upside. What was your guess? The thought process was that Friday’s reversal off of long term support was A low for now. And now…a HUGE GAP TO THE UPSIDE this morning. We shall leave it at that as there is no way of gaming this except to guess the gap….

When we stated that we thought that up to a 2500 point correction could be coming, the thought process was that it would play out over the next quarter or so. The thought was based on the quick internal deterioration from the previous days combined with the MASSIVE, MASSIVE, MASSIVE bullishness, froth, speculation and all…

Wow! Wow! We have been the bears since the high and we are startled as to how this is playing out. We will have a gargantuan report over the weekend but just some words to the wise as futures are up today over 1%…of course after another 1,000 point drop. Pay no attention to Wall…