they were rewarded for buying a down open this am however i still wouldnt trust this bounce to last very long. we have a missing ingredient. we still need permabulls like cramer to go negitive as a signal that the negitivity is strong enough for a longer term bounce.
BB has turned this into a data watching game. The market will likely now place more emphasis on the 8:30 releases and react accordingly. We're going nowhere today. Waiting for data tomorrow.
dont look that bad for us bull here...if data in da next days is good we cud have a decent rally, innit[?]
Hah, yeah. I guess I misinterpreted Friday's close prices on MRO :eek: Thought it was a low 78... this morning the same data feeds tell me it closed at a high 77 :eek: Oops. Wasn't smart to be in under this market situation with my limited skills.
Dr Faber has one of the best commentary on the stagflation case... http://www.ameinfo.com/news/Dr__Marc_Faber/
BTW, every investment advisor and his brother has been recommending commodities to receptive clients through the return starved years of the last bear market and into the recovery. Commodities appeal to the average schmoe whoâs made most of his investment return of the last few years via his favorite hard asset â his house. If any market's ripe for a brutal correction, it's the commodities markets and it's nice to see them getting spanked today. Tons upon TONS of cash have been thrown at the commodities markets and when the last umpteen interest rate hikes start to bite where are commodities going to go? Up? Hell no.