Dow up 150 on oil gains and Greece news Hmmmmm I got so used to paying under $2.45 for gas. Guess that lasted only a couple of weeks. Back to $3+++we go....hedge funds will take oil back to $75+ by summer It was fun while it lasted....
Don't know why but TVIX and volatility is holding up extremely well....bought TVIX at $3.09.... Couldn't resist even though I wanted to wait for $2.75. Sell $3.25 if it goes there today.
5 straight months of declines but no worries as QE4 is on the way ....also love the revision of the November numbers ...who the fuck pays people to get these numbers straight ...how do you miss such a significant economic number..... A 1% miss??? Factory orders fall sharply, decline broad-basedReuters | February 03, 2015 | 10:00 AM EST New orders for U.S. factory goods fell for a fifth straight month in December, but a smaller-than-previously reported drop in business spending plans supported views of a rebound in the months ahead.The Commerce Department said on Tuesday new orders for manufactured goods declined 3.4 percent as demand fell across a broad sector of industries.November's orders were revised to show a 1.7 percent drop instead of a previously reported 0.7 percent fall. Economists polled by Reuters had forecast new orders received by factories sliding 2.2 percent.Manufacturing is slowing, constrained by weak global demand and falling crude oil prices, which have caused some companies in the energy sector to either delay or cut back on capital expenditure projects.Business spending on equipment in the fourth quarter was the weakest since mid-2009. The soft trend in business investment likely persisted early into the first quarter, with a report on Monday showing a manufacturing sector gauge falling in January.Factory activity has also been hampered by an ongoing labor dispute at the nation's West Coast ports, which has caused shipment delays. But there is cautious optimism that firming domestic demand will limit the slowdown in manufacturing.In December, factory orders excluding the volatile transportation category fell 2.3 percent, the biggest drop since March 2013, after declining 1.3 percent in November.The Commerce Department also said orders for non-defense capital goods excluding aircraft—seen as a measure of business confidence and spending plans—slipped 0.1 percent instead of the 0.6 percent drop reported last month.Overall orders for durable goods, manufactured products expected to last three years or more, fell 3.3 percent instead of the previously reported 3.4 percent decline.
Shorted oil with DWTI @ $102.75 ERY is falling apart...haven't had quick losses like this in a long time....was going to go long oil with UWTI under $3 for about 2-3 weeks but instead went with ERY. Eh wrong move. Not worried as oil will break down below $48 again and S$P breaks below its 200 DMA. This bull market is getting to played out. 6 years old come March 2015 Believe this is the second longest bull market in history ...1st one was over 9 years back in 1950's... Today we have QE so who knows...maybe this is a 198 year bull market in the making
How did you measure 6 years? We had a correction in 2011. If you define a concrete rule, I can test it to see if you are right regarding the 2nd longest bull market.
March of 2009 is when this fed fueled QE Zirp tarp bailout propped up by unlimited amount of trillions of worthless dollars rally started.... Correction in 2011? There was no bear market in 2011....was there a 20% dip? Maybe you are thinking a 5% 8% 12% dip... All records show that this bull market began in March of 2009.
Whewww Dow up 500 points in 2 days.... On what news? Higher oil prices and another bailout on 3 out of 4 biggest banks in Greece... Guess those economic numbers this morning didn't matter.... Tomorrow another 250+ point day...should be back at 18000 by Friday ... Everytime it looks like the s$p is going to sink below its 200 day they prop it right back up.....
I love 100% up room to go with ZERO RISK $$$$$ FREE Money $$$$ Kachingo $$$ Sorry once AGAIN permabears... you lose!!
Cnbc headline Is Volatility Finished? http://www.cnbc.com/id/102394604 2 days of straight gains and volatility is finished..... Guess for some they think its finished but its not Hmmmm They talk about volatility being a bad thing...I.say keep the triple Dow point up and down days coming....
Wow Oil bounces and nearly everyone says that the bottom is definitely in...amazing how quickly markets bottom these days whether its the s$p....oil....gold....etc.... http://www.cnbc.com/id/102395032