THE CLOSE
Well, you know where we have stood and you know where we stand. If we had to draw up a day to look real crappy, it would have been today. Two things stand out.
They opened the financials up on the earnings reports…AND SOLD THEM DOWN. That is the definition of distribution…with financials finishing a smidge below support.
AND the major indices now REALLY have the look of rolling over.
Will have a complete report over the weekend. Have a great holiday weekend.
Yea.. JPM got sliced today!! ouchie!! Kick in the nads.
Gary I usually agree with all your logic, but I have my doubts about the real truth about what is going on in the Mid East. There are contradictory reports about the Assad thing. Children dying is despicable, but, if we can’t trust our news media about what is going on here in the states, why do we trust what the media is saying about the Mid East? They don’t lie to us here but then tell us the truth about other things. We really don’t know the truth.
Love your show man, listen every chance I get.
Roger Vaughan