Market ALWAYS does which nobody EXPECTS......
Markets took OFF as soon as Fast/Scared Money crowd LOADED UP with QID/DOG/PUTS..
Eric Bolling & Pete Najarian will have a very LONG WAIT for their FXI shorts since Feb & S&P 1475 PUTS......
@ the rate they are buying PUTS across the board...they will RUN OUT of protection money.....
Both Genius were buying PUTS HARD into morning selloff.......I wonder if they are CRYING all the way to their MAMA'S house.........
Had to start with those Yahoo's STUPID REPEAT put buying pronouncements.....every day the markets goes down .....they are showing OFF their PUT positioning GENIUS........
Yesterday they told everybody that this sell off will last 2 to 3 weeks...........rest is HISTORY !!!!
Najarian needs to be kicked off the show.....he is the worst BOZO on the TUBE........Stewart take him AWAY.....please ......
Eric Bolling at least has good research capabilities.....but chickens out very quickly on every down DAY.....it must be the lack of OXYGEN on NMX floor....I think.....show some BACKBONE $$$
Back to our PREDICTED turn in the market......what a RALLY today.....closing @ HIGH of the DAY $$$$$
Nasdaq was the STAR*******
SOX took the Choc Cake today.........
Semis were FLYING........
STP rocketed to FAME today***********
SNDK asserted its UP move today*******
RIMM came back FIGHTING HARD from almost $4 slump to GREEN********expect great earning and improved GUIDANCE in CC AH**********
FDRY is suppose to have a BREAKOUT any MOMENT ...was GREEN**********
Uranium stocks were GREEN including my PDN.TO**********
AAPL was looking GOOD********
WFR & GRMN(new HIGH)were FLYING********
ICE,NMX,NYX were flying also********
SNDA,NVDA(Najarian sell stock),AMAT,BRCM,NVTL,CIEN,BIDU,SWIR,CTRP,WYNN were all superstars.
Even Fast money SELL on home builders were proven a DUD call...TOL,DHI were all UP...home builders index was UP 2%.......
DUDS were GOOG ,HOKU,SNE,LVS.......
So....... are you all READY for few more days of FUN on Wall & Broad........
Feds will be very SOOTHING @ 2.15PM**********
Please do your due diligence.
BLOG does not give buy or sell.
PS ...do not take Fast Money seriously....they are PAID to TALK....not PAID to THINK ...then SAY something INTELLIGENT.........beside "over-REACTION to daily events"....
I still like Eric......
Saleem
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