THE UGLY
Markets closed near the lows as Whitney from Whitney co- scared us all with the C is worthless rant with Maria- well exactly how far does it have to fall to zero -thanks.
Anyhow, market internals started the day very green and ended very red- one big loser on the day GE - ugly at $10 and if that continues to fall - ugh.
I know that Dougie Kass is about as bullish as he gets with all kinds of bullish posts and a favorite long in SSO- a tough trade so far.
NYT just announces they are suspending their dividend- well at $3+ for a share - we know when that dividend is coming back.
Just wondering what will get us a decent rally and just can't come up with anything yet-so probably tomorrow- sold some TWM today- and will probably reload if this market ever does rally for a longer term trade.
Just a few more links:
The Inevitable;
The Sluggish VIX;
THREATDOWN;
More Pivot Points;
More Roubini;
posted by DAVID at
4:18 PM
2 Comments:
We probably need a flush down to get some sort of rally going, it seems people are still catching knife as today's trade, no waterfall from the pass days trade activity... Maybe a big gap down tomorrow to get a rally going?
By the way, please sign this, anyone who does trading for a life, this bill is just stupid!
http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/
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