MIDDAY SWOON
Markets pulling back and the 780 level was indeed the area to sell/short- SPX +3.5 @768 as I type.
Strong sectors- financials, gaming energy, internets and retail while trannies, shipping, drugs and biotech lag.
NYSE- 890 net green;
NAZ- 420 net green;
VIX- down 2.5% at 43.5;
Crude up $1.75 and energy stocks are following that chart.
Gold down $11 at $943.
CNBC becoming the new FOX as they bash taxes and Obama- borrow and spend or tax spend?
posted by DAVID at
12:35 PM
3 Comments:
But this "Obama" administration is STUPID! I don't know WTF they are doing?! Spending tax money (future tax money) and borrowed money like there's no tomorrow! Plus, they way they spend it won't to jack to our economy! They don't understand what the problem is! They are IDIOT! If their program is good, I'm sure stock market wouldn't kept falling like there's no tomorrow!
Please go look at Rick Santelli Video, this is exactly what's WRONG!
http://www.youtube.com/watch?v=bEZB4taSEoA
Interesting, I was thinking the same. Kudlow went nuts. At the gym I switched to Fox and they were being highly constructive re budget. Things are upside down. My explanation: CNBC boys and girls all have salaries higher than $250k.
No clue on the salaries but you can tell who gives some thought to the issues -
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