Today's jobless claims shot UP to 4.78 million....
New homes Sales plunged to record low ever for Dec..down 14.7%....
So..all this record economic slump is causing indices to slump less than 2% so far???
Worse the economic news..the closer we are to recovery..IS the LOGIC...plus President Obama has warned many times that news will get worse before it gets better.....
S&P,Nasdaq closed above 50 DMA yesterday while Dow did not.....
Today Nasdaq is still ABOVE 50 DMA...while S&P gave the crown ..so far....
Here is the numbers for 50 DMA
DOW 8478.23
Nasdaq 1518.31
S&P 500 867.34
In my portfolio :
HGU UP 65 cents
GERN Down 22 cents
XLF Down 48 cents
Remember Jimmy the Cramer call that Gold chart is LYING & sell,sell,sell AEM & buy below $40....well GOLD is UP $11 @ $900 & all gold stocks are UP..AEM last trade $53.97 UP $1.93..so Jimmy the Cramer gang is losing money on AEM short...maybe his team of losers will learn that TAPE never LIES & NEVER fight the TAPE......Gold has been the strongest sector since November 2008...get use to it !!!!
@ 11.48 AM following are green in my watch list :
AEM,KGC,GG,AUY,ABX,POT,BIDU,DUG.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
The news coming out of Washington is just awful. Listening to what is attached to the plan is pork filled. 100 million for condoms? Crazy politicos in Atlanta want to raise property taxes, when people are losing their jobs and homes. Unions pressing for taxes to maintain status quo.
Best Regards
Hi Standards,
Politicians have very little credibility with me.
In my town they are trying to hold increase to just 3.5% in property tax.
Saleem
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