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LVS and WYNN looking strong pre-market.
Same with SBUX and BAC
Wonder if IRE and AIB will be up another 20% today? Those stocks have practically tripled off the lows.
Buy the dip on LVS ....
Looks like the jobs data had no impact on the futures. Probably see another POMO blast that sends retail stocks even higher, despite all the grease fires occurring in Europe.
Tyler, and what about the settlement rumor for the BAC foreclosure glitch?
Looks like the banks will bring us up nice today.
Speculation is rampant as ever. They are goosing YOKU and DANG in pre-market trading.
Gold getting monkeyhammered... !
Gold and oil will lead the market lower
Gold decisively breaks $1380. Personally I think we will find support at $1325 or even $1260. This pull back is necessary and would be bullish for PMs.
Gold down $ 50 off high.
Pomo,EU,Jobs,QE 2, I thought .... 1,500 by 10/10/2010 ?
What if dollar/rates keeps climbing because of new gdp forcast 2011 better outlook...
Good morning my ZH brothers. Another day, another fake dollar printed by The Bernank. I wonder where the funny money will go today? It matters less and less each day, of course, as the funny money beats the pulp out of the real money, and the real money is leaving stocks, banks, and now even muni bonds, as Tyler noted last night with his headline [which really made me lol] about the "burning theatre". Tyler, you just kill me, man. I actually wrote a poem on the matter called "Bidless" but fell asleep before I could publish.
I see BP is giving everyone another sweet chance to Whack-a-Mole, which I would encourage people to do because, well, who likes moles anyway? Have you ever seen one? Disgusting! BP is a mole that should be wacked until it agrees to simply quit breathing and walking around after turning all of our shrimp into petro shrimp. I don't like crude flavored things. You?
By the same token, oil is still priced wrong, and I think barrels of that are also priced for Whack-a-Mole...which is different but almost exactly the same as being priced for stupid. In case folk are confused...pssst....oil is NOT gold.
In general, the NASDAQ is filled to its gills for another day with stocks that are priced for stupid. In fact, many of them are priced for dot com...and we all know that being priced for dot com is really not a good idea. If I were you [and in many ways I am you] I would short NASDAQ stocks. I say this because it seems like my ZH brethren have all convinced themselves that being long gold is the only way to growl like a bear. And I like gold, don't get me wrong. However, being long something is not really like being short something, I don't think.
So let's all pay special close attention to the Roach Motel today, ok? And also, let's watch for more puking on the EUR/USD. I know, on the second count, it is kinda gross...but somebody has to hold that currency's hair back, you know? If roaches are scurrying and the EUR is hanging over the railing again, then I think that is the sign to go ahead and short the crap out things that are priced for Whack-a-Mole...instead of just buying gold.
Good luck out there....
CBOE Equity Put/Call ratio back at April levels just as retail sells bond funds to rebuy stock
Credit Markets: On back of a weak Spanish auction SOVX is 4 wider. The European fins opened 3 wider on Snr and 5 on Sub. Snr are still 3 wider, but Sub has moved to flat. Feels like people taking off the Snr/Sub trade -- why pay the carry for the next couple weeks? Main and IG are both 1 wider and HY is opening a touch lower. MCDX which had good performance yesterday is also a touch wider this morning. Feels like unless Philly Fed comes in strongly, since the rest of the data and Fedex was mixed enough, that we are likely to leak lower on the day.
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