Friday's Outlook: Stick a Fork in Mr. Market [View article]
Mr Market is always right. And tomorrow, rational or irrational he will be right again. Maybe there will be panic tomorrow, with Europe and Asia torching Monday/early Tuesday.
Friday's Outlook: Stick a Fork in Mr. Market [View article]
There were tons of pundits saying surprise rate cut. Not much of a surprise if you ask me. 1280? 1250? Not enough panic yet, and the shorts are carrying the ball here with lots of powder.
David Fry's Market Outlook for Friday [View article]
Excellent commentary.
Comments on Schwab here DF, try down for 3.5 hours during that XLF rally. From noon to 330PM EST we were out. And when the smoke cleared and the rubble piled up, the short positions were a small and steaming pile.
And now today with the discount rate move, a one day outage at the "top" online firm, has wrecked a few months of work. Looking for the definition of trailing stops....
David Fry's Market Outlook for Friday [View article]
Well, breaking news today on GS and C on losses leads me to believe XLF takes a battering again next week. However, my timing is notably poor so likely a rally. Who knows. I didn't believe when Ritholtz wrote about a Dow 14,000 melt up. One gut feel is that we go lower before we go higher, and that if the underlying rot is worse as we peel back the layers, then see you in 2010 when we recover. Maybe. Just buckle the seat belt. I think that is the best advice.
John Hussman: Preparing for Extreme Possibilities [View article]
Hooke's law, it felt a little like that today. Pure, unabated buying.
Friday's Outlook: Stick a Fork in Mr. Market [View article]
Friday's Outlook: Stick a Fork in Mr. Market [View article]
Friday's Outlook: Stick a Fork in Mr. Market [View article]
David Fry's Market Outlook for Friday [View article]
But the VIX up 1.2% right now and the sellers feel close by.
David Fry's Market Outlook for Friday [View article]
Comments on Schwab here DF, try down for 3.5 hours during that XLF rally. From noon to 330PM EST we were out. And when the smoke cleared and the rubble piled up, the short positions were a small and steaming pile.
And now today with the discount rate move, a one day outage at the "top" online firm, has wrecked a few months of work. Looking for the definition of trailing stops....
David Fry's Market Outlook for Friday [View article]
David Fry's Market Outlook for Friday [View article]