When S&P 500 is UP SIX day's in a row...you know that shorts are hurting "big time"....
Art Cashin sounds "really frustrated"..his team of shorts must be demanding their money back???
Guy Adami still "fighting the TAPE"...smart investor KNOWS when to QUIT bad thesis /trades....now he is leaning on Doug Kass who proclaimed market TOP @ S&P 1,000 & now claiming to have his highest short position...i am NOT sure that his short strategy has been profitable???
Gold closed @ 1056.70
Oil closed @ $73.27
Canadian $ closed @ 96.75 + 1.00 cent......
Lot of shorts are making noise about low volume today.....guess what there was Columbus day holiday in US...Nikkei was on holiday and Canada was closed for thanksgiving...all that adds up to low volume...
Among strong stocks were MRVL,GOOG,MA,GS,V,SU,LRCX,GRMN,AMD,PIR,BAC.....
AH Futures are mini RED.....
NIKKEI is UP .38%
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
That's a funny one! Keep up the good work.
Best Regards
Hi Standards,
Thanks for your feedback.
You need a sense of humour to analyze many wrong opinions....
Saleem
SALEEM and Standards
YOu gotta love J the Cramer
HE was slamming the nay sayers --he say market goes higher--What ?/ He changes his tune every day...
this is a good one!!!!
both of you please keep up gte great postings
Best
Hi Madmax,
Twice last week he called for 7% correction or Dow 9,000....IF you cannot beat them then join them...@ least he is smart enough to change his tune unlike Adami who sits like a "scrificial lamb"
Saleem
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