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TEPCO got vapourized. Although i'm sure this isn't the first time we've all seen an EPS negative %300 to the relative value of the company (cough...Citibank...cough JPM...cough GS)...
Otherwise if anyone is lookign at buying memory, hard drives, tv's...well anything with a chip in them. You might want to consider that upgrade now, China's power problems are killing the supply chain of JIT systems around the world along with Japan glowing in the dark.
And after Europe closes, we should go back to our usual drift up on robot vapor into the close.
Yeah thank god for southern europe and their pending debt fraud scandal as well as the new leaders in spain suddenly discover the books were cooked.
Otherwise it would be a boring summer.
I though I heard CNBC said that Ben is delivering a speech tonight about the economy.
The commodity market will no doubt surge on his words.
The Bernanke at 3:45pm. How can that be "nothing happening"?
Still no conversations anywhere on the fact that the S&P clearly broke down on Wednesday...and I mean a text book technical breakdown. I find it very odd since just about everyone who has been bullish this ridiculous equity market has been so primarily for technical reasons [simply because fundamental reason either do not exist...or are formulated on forward looking Wall Street nonsense.]
Why S&P futures are not down 20 handles this morning is beyond me. After violating the 10, 20, 50, and the 100 day simple moving averages last Wednesday, I think we can do an advanced booking on the 200...which is at 1248.
Ben Bernanke can give all the speeches he wants...won't mean anything if his words are short of a promise to establish the next counterfeiting scheme.
"The Bernanke at 3:45pm" ?
The next short silver squeeze is set to launch once he utters the words "considering further quantative easing".
I'd add the Apple Developer's Conference as a market influencing event, Let's see if Apple can come up with some side dishes for the iPad.
Gold at $1554 tiptoeing up to the all time high.
Come on, baby, you can do it.
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