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RANsquawk Market Wrap Up - Stocks, Bonds, FX etc. – 09/08/11
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It's a complicated case...Lotta ins, lotta outs, lotta what have yous. Fortunately I've been adhering to a pretty strict, uh, drug regimen to keep my mind, you know, limber.It increases the chances of conception.
I just got my delivery of stupid pills...they should help me 'get' whats going on much better.
i swear if only...
I really don't understand ANY of this shit.
The FED Chairman acknowledges recession.
Yet the market spikes 400 points.
On top of that, yields go down and gold goes up.
Perhaps I'm having an LSD flashback.
What the fuck do I know?
http://geraldcelente.proboards.com
Equity counter trend short covering rally begins from very oversold levels.
http://stockmarket618.wordpress.com
Some NYSE trivia:
First time in NYSE history that we had 4 consecutive days of -1400 TICK readings:
http://stockcharts.com/h-sc/ui?s=$TICK&p=D&yr=0&mn=6&dy=0&id=p37322057532
And the sentiment indictors pretty much got slammed as low as they could possibly go:
http://clearstation.etrade.com/cgi-bin/bbs?post_id=9807274
take a look at this shot of a guy being interviewed after this day in NYSE history: http://www.youtube.com/watch?v=DBzWHudBoiA&feature=player_detailpage I must say i didn't see the singing coming.
Apparently he's the "go to guy" on the floor on days like this.
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