Markets were deluged with many comments as to how economy is not as good as previously articulated by people who should know better......
Markets tried to digest this change of tune on low volume...which is a good thing......
I do not believe that there is a change in markets perception of how economy will unfold...everything seems to be going as it should.......
Everybody is over-analyzing as to "how the economy is doing TODAY"...economy is going through a "change for the better & markets knows this fact"
Day to day stats are NOT important...it is being exploited towards a "certain strategy"...nothing wrong with that if HERD is going to fall for it.......
If you believe "all the noise as to how bad economy & markets are going to get" then we should have been down 400 points????
AH futures are all lit UP green.....
OIL,GOLD,Nat Gas,Silver & Canadian $...are all UP AH ......sign of a strong market....
Inflation is NOT coming back anytime soon.....GOLD/OIL/CAD are all accounting for a collapse in US$...nothing more !!!!
AH EXM had good ER...UP 12.71%..most Shipping stocks were UP in sympathy......
NTES,NDAQ,MA,V,NYX,CSIQ were among strong stocks.....
PS..I am posting later than my usual time .....because of need to do extensive research AH to cut through all the noise & hysteria.....especially when markets are gyrating the way it is.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
Looks like EXM is up 11% today---good for you
The oil tankers are not participating in this recovery--yet! the oils are up nicely today I think a lot more to come! yes
NOV RIG WFT SWN COG CRZO GMXR DVN CHK HAL ARD NTG EOG UPL UNT WHQ XOM APA ECA
Go HAL at $21.70 a share.
Hi Madmax,
I do not own EXM.....
EGLE got a downgrade but a target increase to $7.....
Saleem
Post a Comment