Markets are taking the Doom & Gloom of 533K job loss in stride......
When GLOOM is this THICK.....Markets take it as a CONTRARY indicator...means we are in a TROUGH of economic cycle.....which may indicate that economic despair is hitting its LOW point...
Close should be of great interest to me to see which way Hedge funds/Institutions are placing their bets.....
Oil continues to hit new LOWS....Last trade $41.51...It Must help boost confidence of consumers worldwide...
In my portfolio :
HOU Down 30 cents
HMU Down 48 cents
HSU Down 19 cents
HQU Down 12 cents
@ 12.26 PM following are green in my watch list :
URE,RIMM,IBN,STP,C,CTRN,ICE,YHOO,WYNN,
ISRG,XLF,FXI,NDN,TOL,DUG,UYG.
BLOG does NOT give buy or sell.
Saleem
6 comments:
HELLO
Hey
I hope we close green
Hi Carlton,
You ,me & many others are hoping for GREEN.....
Saleem
Hi Saleem,
Very green very good!
Signs of life again.
Nice.
Best Regards
Hi Standards,
Market is definitely looking beyond economic data....
Whenever data gets SHOCKING market gets going & looks to FUTURE....
Too many skeptics...hardly any sellers left...so we have resiliency $$$
Saleem
Hi Saleem,
Look at GE sneaking up quietly from 12 > 18, nice move.
Beat Regards
Hi Standards,
Few months from now...we will not believe how far we have moved UP from LOWS in many stocks...that is typical of bear market bottom....
Saleem
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