Combine the ok reaction in JPM and WFC with this…the rumor of the ECB buying up Euros…which jacked the market up…especially the down and out commodity areas and the down and out weak dollar plays…namely IBM. The rumor is probably true…but frankly, couldn’t care less. Markets were near term oversold. Put buying was huge yesterday…
This morning…JPMORGAN blah blah blah. Too funny to watch a couple of these ANALysts on tv saying to buy the stock. I have news for them. I just went over the numbers and the fact is…EINSTEIN couldn’t figure the numbers out. This company was one of the few financials I thought I could trust…but…
[email_link] The government has been targeting Spanish speakers with radio “novelas” promoting food stamp usage as part of a stated mission to increase participation in the Supplemental Nutrition Assistance Program (SNAP), or food stamps. Each novela, comprising a 10-part series called “PARQUE ALEGRIA,” or “HAPPINESS PARK,” presents a semi-dramatic scenario involving characters convincing others to get on food stamps,…
[email_link] Penn State’s internal investigation released a final report Thursday describing how the University’s top officials ‘repeatedly concealed critical facts’ about former assistant coach Jerry Sandusky’s sexual abuse of young boys for over a decade. The report was spearheaded by former FBI director Louis Freeh who was hired by the school’s board to lead the nearly-eight-month…
Well…a bunch of things reversing…with some things strong. But still a lot of damage being done unless the nasdaq and russell reverse. As of this second, dow is masking things as MRK,PG and CVX making things better but no doubt, market is trying to defend its turf here. Underneath the surface: Housing remains…
Nothing to do here…market gapping down big here…not even sure why. The market gets a chance to defend itself with this gap to the downside. Will be watching to see if it can reverse. If not, expect IBD to go MARKET IN CORRECTION. But that really doesn’t matter as more and more names breaking support/moving…
[email_link] Prime Minister Mariano Rajoy announced a swathe of new taxes and spending cuts on Wednesday designed to slash 65 billion euros from the budget deficit by 2014 as recession-plagued Spain struggles to meet tough targets agreed with Europe. Continued SOURCE: http://www.cnbc.com
Really not much to add here…more names slip, sliding away. Another suspicious save at the close. I can talk markets but it doesn’t matter. Leadership is heading south. Many recent breakouts have failed…and some miserably. If you stopped out of aapl breaking 600, you made decent cheese. Of course, it rallied back above. If you…
[email_link] Infographic by AccountingDegree.net
[email_link] A country running massive deficits with interest rates down at zero. HMMMMMMM! Historical Charts of Interest
