Indices ignored so-called experts who were in "overdrive mode" on CNBC, in telling everyone that Europeans cannot get this done.....This issue was beyond Michelle Caruso Cabrera paygrade?
S&P 500 closed @ 1242.00..next target 1256.55...next 200 DMA 1274.25 +++++
CMF @ +0.232 highest level since July 2011
Well, we have news that three important agreement is in place as listed below :
-Quadrupling of bailout funds
-50% haircut on Greek Bonds
-Banks to increase their capital by june 2012
I am sure Europeans are showing, what "leadership skills" are all about.....
Spend "no time on TV" ..spend all the time in "resolving major challenges" behind closed doors. It took few hours & quick endorsement from German Parliament..all on Wednesday......
Based on this momentous resolution, futures are as follows :
Dow UP 103
S&P 500 13
Nasdaq 21
AH Asian Markets UP
AH Oil, Gold, Silver UP
AH Canadian $ UP 46 tick, @ 99.99 US$
AH ER were greeted as follows :
V Down 2.21%
TQNT Down 16.88%
OTEX UP 5.21%
AKAM UP 12.70%
BLOG does NOT give buy or sell.
Saleem
8 comments:
Saleem,
Should we collect profits or just let it rides? Thanks.
Michael
Saleem
thssi is one wild ride
WooHoo
Best to all
C
Hi Michael,
IF you must sell WAIT near close..it could be a 5% UP day.
Waiting will be smart, as we are breaking out $$$$
Saleem
Hi C,
This is a real "ROCKET LAUNCH"
Saleem
SALEEM
never thought that we would brat 12,000 this soon
Are you buying anything???
C
Hi C,
I am monitoring few stocks for buying....
Saleem
S
Look at LINE
I also like GLW and BGS
just a thought
The rest of mine are to rich now
then moved up generously,
AUY is gotta get back to $16 for me to smile....
Hmmmm
C
Hi C,
Strange TAPE action in many stocks including the ones i am holding.
I am not buying anything today..maybe Friday.....
Saleem
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