Thursday Outlook: Commodities, Emerging Markets

<< Return to page 1 - 'Containment' Policy at Work




















































Bulls managed to keep everything “contained” yesterday in the midst of lousy news. Oracle's (ORCL) miss on revenues may make bulls work harder, but they’ve managed to do it before. Thursday is GDP data: let’s see how they spin it.

Clearly, bulls and the vested interests [think fee and advertising revenues] want to put the best face on the quarter as possible. For bears this is a tough fight. There are only three trading days left and paint supplies are running low.

Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, MYY, RWM, IWM, PSQ, IEF, GLD, USO, UDN, FXE, EFA, EEM and FXI.

Comments

[Steve K]

"paint supplies are running low" hahaha, good one.

[Indexor]

David:
As they say "A picture is worth a thoasand words" and your posts always prove this point in spades. In my opinion, you provide the most entertaining views on this site. Thank you.

[wisdomseeker]

Actually, one could take that paint analogy another way: the more volatility there is, the longer the "stripes" are on the charts, and the faster the paint gets used up in making the chart!

[David Fry]

Thanks all!

[clitosil]

Maybe we should invest in paint??