InTheMoneyStocks'  Instablog

Send Message
  • Market Action After Good Earnings Shows Fed Is Only Catalyst 0 comments
    Jul 25, 2013 12:28 PM | about stocks: FB

    The price action in the stock market leaves little doubt. The only way this market can go higher is if the Federal Reserve comes to the rescue again with dovish, money printing comments. Yesterday, great earnings were reported from Facebook Inc (NASDAQ:FB), QUALCOMM, Inc. (NASDAQ:QCOM) and, Inc. (NASDAQ:BIDU). The market shrugged them off and has fallen nicely. Even the day prior, Apple Inc. (NASDAQ:AAPL) reported better than expected earnings and the markets sold off as well.

    This is the third day in a row the S&P 500 will be down. The only shot this market appears to have of going higher is Ben Bernanke saying he will print more money for longer. This is a recipe for disaster. It is a drug in the vein of the market. As the average investor continues to pile into the market, the potential of disaster increases through the price action.

    Gareth Soloway

    (click to enlarge)

    Stocks: FB
Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • And he just closed out another one, $DUST for +7.55% in the Research Center...
    Jul 20, 2016
  • Gareth sold his $JDST in the Research Center here: Profit earned = +12.5%. Congrats members!
    Jul 20, 2016
  • $IWM negative already on the day. Small cap warning signal?
    Jul 20, 2016
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.