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TD- "Markets down for a second day this morning..." Did you realize that no matter what- a giant asteroid, Yellowstone blowing its lid, even Armageddon, can't prevent "the markets" from closing "green." Who cares what they open so long as they close green so the sheeple can look and say, "recovery!"
A Wolfe Wave target of 1292 may be in the cards. Two charts: last night's set-up and this morning's progress.
Uncle bens' put may be fighting with mr Wolfe's search for equilibrium. My sense is something big and hairy will be required to correct an overbought mr market.
If I was Bernanke yesterday...I would have put my feet up on the desk in front of me....lit a big Cuban cigar..and said..." we are broke"....and enjoyed my last smoke..
The UE print was due to the weather. When that cold snap was over, employers posted "help wanted" signs everywhere. Many were offering sign up bonuses and free Iphones.The RECOVERY is ON bitchezz.
The cold weather caused Abercrombie to lay off the shirtless employees they keep at the entrance.
Can someone make an vague estimation how much of those 5Y Portugal Bonds ECB just bought? Thx.
near term, the catalyst for moving up is simply greed. Either I am right and we will test 1300 in the coming days or I am wrong and we are in a fever driven hyper bull cycle that refuses to be broken: http://www.hedgefundlive.com/blog/thursday-market-expectations-reasons-why-the-market-doesnt-go-down-for-now
Yep it would be par for the course that when i finally reverse my topcall for the market that the market finally corrects.
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