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RANsquawk Market Wrap Up - Stocks, Bonds, FX etc. – 29/06/10
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And, Barry Ritholtz favorite movir is blade runner!
But sees today as a Star Wars day with a 50/200 day death star cross.
Fast Money (5:17EST)
Did anyone notice that GLD held up well today with a slight gain? Remarkable, no?
Yes.
I guess is the planets way of giving the finger to CBs.
BP was also up though.
That, I did not understand.
But I do not question it.
Today's action constituted a mute panic
by the few people who are
a. still in the market and
b. not vacationing somewhere in the other hemisphere trying to beat the heat.
However, anyone, and I mean anyone,
with the slightest inclination to panic, if only under the most prolonged duress,
who owns BP,
has already sold it.
No one left but us contrarians. To us, panic feels like sex ...
Oh, that actually makes a lot of sense. Thanks.
Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps