The market seems strong in the wake of this lousy news of -80K jobs. Click on the graphic above to be transported to the BLS page.
4 comments:
Anonymous
said...
Stocks are floating on a cloud this morning... is the worst behind us?
There has been active futures buying all week.
Will the Committment of Traders report show commercial longs buying this week?
All the market and technical commentators are really pulling for a market bottom.
Such is the fascination with predictions... calling market bottoms, calling market tops, forecasting economic direction..
Why do we do this to ourselves?
Economists on average are right about 1/3 of the time
Technical analysts are right 100% of the time (since charts always show what has already happened) - yet most brokerage records of trading accounts of the public show losses - despite the widespread us of TA.
.. and we all know that... Most gamblers gamble because they have a secret desire to lose.
Does anyone know if it is possible to make money without making predictions?
Ya, someone's playin around in the futes.... started happening about 3 weeks ago.
Since comin' off the second bottom in Mar the bears kept shorting against the rising fute prems...
ROCs on the "prems minus cash" showing positive divergences more often than not...
Thing is, the committment report doesn't really show any strong long term buying on the regular spoos - yet they loaded into a bit of longs on the e-minis a few weeks back.... probably privy to the Bear Bailout no doubt...
The "pin action" seems similar to what transpired coming off the 2006 bottom when Paulson&crew rammed the market higher with deep pocket futures buying...
Problem is, this time all the coin keeps going into stuff like USO XLE DBA XAU etc... rather than NAZ and the DIA's
They're gonna have to try a currency intervention IMO if they want to stop the commod spec... otherwise our trips to the grocery store and pump are gonna keep getting a lot more expensive..
They can't rejigger the GSCI and stop buying oil for the SPR like they did in Summer 2006 to light the fire under equities this time. That only works once. (Although they do have Bennie and the Feds doing all sorts of contartions for them.) And, they are running out of time (earnings season). I have no doubt that bad earnings are gonna get trashed just like they have been the last two quarters. Anyone see good earnings out there? Thought so.
The market seems strong in the wake of this lousy news of -80K jobs. Click on the graphic above to be transported to the BLS page.
4 comments:
Stocks are floating on a cloud this morning... is the worst behind us?
There has been active futures buying all week.
Will the Committment of Traders report show commercial longs buying this week?
All the market and technical commentators are really pulling for a market bottom.
Such is the fascination with predictions... calling market bottoms, calling market tops, forecasting economic direction..
Why do we do this to ourselves?
Economists on average are right about 1/3 of the time
Technical analysts are right 100% of the time (since charts always show what has already happened) -
yet most brokerage records of trading accounts of the public show losses - despite the widespread us of TA.
.. and we all know that...
Most gamblers gamble because they have a secret desire to lose.
Does anyone know if it is possible to make money without making predictions?
If so that would be pure activedollars.
Obvious pump job on the charts. "Whomever" wants us to get in this thing. Yes, futes are being used. I am in but I don't know for how long.
Crazy market.
Cat
Cat
Ya, someone's playin around in the futes.... started happening about 3 weeks ago.
Since comin' off the second bottom in Mar the bears kept shorting against the rising fute prems...
ROCs on the "prems minus cash" showing positive divergences more often than not...
Thing is, the committment report doesn't really show any strong long term buying on the regular spoos - yet they loaded into a bit of longs on the e-minis a few weeks back.... probably privy to the Bear Bailout no doubt...
The "pin action" seems similar to what transpired coming off the 2006 bottom when Paulson&crew rammed the market higher with deep pocket futures buying...
Problem is, this time all the coin keeps going into stuff like USO XLE DBA XAU etc... rather than NAZ and the DIA's
They're gonna have to try a currency intervention IMO if they want to stop the commod spec... otherwise our trips to the grocery store and pump are gonna keep getting a lot more expensive..
nice guy
They can't rejigger the GSCI and stop buying oil for the SPR like they did in Summer 2006 to light the fire under equities this time. That only works once. (Although they do have Bennie and the Feds doing all sorts of contartions for them.) And, they are running out of time (earnings season). I have no doubt that bad earnings are gonna get trashed just like they have been the last two quarters. Anyone see good earnings out there? Thought so.
Cat
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