Markets gave a thumbs UP to those who knew that bear market IS on its last leg......
Fed knew what everybody could see daily......???
Oil is down HUGE.....
Gold has crashed.....
Commodities are taking it on the chin......
So...@ 2.15 PM only one token dissension FOR raising rates......
Fed is HAPPY behind the scene and taking a "sigh of relief" that inflation will be "negative for few months"????
Yes I said NEGATIVE compared to previous commodity RUNUP prices......
Fed would love to see negative CPI & PPI?? Yes Virginia ....it IS possible !!!
In my portfolio :
SOL rating 45/70 target $18.83
RIMM rating 50/30 target $131.31
AH CSCO beat and guiding higher giving lift to all technology.....
AH PCLN was down $17 on weak ER......
YGE ER CAN give a big boost to all solar on wed.......
CMED made a HUGE move on BM upgrade to BUY...UP $5......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
That was odd? A massive rally, commodities hammered at the same time? No pattern to the buying? Even buying airlines???? WTF? Watching the tape, it looked like a huge shift to any sector, besides commodities. This could continue as people don't want to miss the boat and jump in. Nice move with CMED.
HI Standards,
Bear market bottoms are always established with "massive rally"
This rally has all the "shift change which was expected but was NOT happenning before"
Even Art Cashin of UBS will admit that "he was wrong in expecting another LOW for the year"
Things are looking UP $$$$$
Saleem
Post a Comment