I think the line in the sand is/was that 2007 cash SPX area. kind of contained that range last week and now we are back above it again...maybe it gets crazy and runs (or just traps me, lol).
CHOOO CHOOO ALL ABOARD THE FREE MONEY TRAIN THANK YOU FEDERAL RE$ERVE ps no seats available for permabears
GS misses on top and bottom and the stock is up almost 3%....HMMMMMMM Goldman Sachs just reported earnings that missed on the top and bottom lines. The bank reported adjusted earnings per share of $2.64 on revenue of $6.86 billion. Analysts were expecting adjusted earnings per share of $3.00 on revenue of $7.12 billion, according to Bloomberg. "We experienced lower levels of activity and declining asset prices during the quarter, reflecting renewed concerns about global economic growth," CEO Lloyd Blankfein said in a statement. "We continue to see strong levels of activity in Investment Banking and growth in Investment Management, and looking ahead, are encouraged by the competitive positioning of our global client franchise."
Went long more TVIX at $7.70.....just getting ready just in case!!! You never know when that drop is coming so just added more protection in case you wake up one morning to see the futures off 5%, but we all know thats never going to happen because the fed always saves the market but you never know with this market....anything is possible!