Dow was up 100 points 20 mins ago....600 points in 3 days and the last 5 minutes everything has fallen apart.... I mean straight down TVIX is surging
Ohhhhh "News out of the Greece negotiation process is causing investors to take profits," said Art Hogan, chief market strategist at Wunderlich Securities.Read More ECB: Banks can't use Greek debt as collateral"The European Central Bank is telling the Greek banking system that it will no longer accept Greek bonds as collateral for any repo the Greek banks want to conduct," said Peter Boockvar, chief market analyst at The Lindsey Group, said in a note. "This is because the ECB only accepts investment grade paper and up until today gave Greece a waiver to this clause. That waiver has now been taken away and Greek banks now have to go to the Greek Central Bank and tap their Emergency Liquidity Assistance facility for funding. This news will like scare depositors and result in further bank runs. This all said, if Greece can come to an agreement with the troika, I'm sure the ECB will reinstate the waiver."Earlier, the Dow Jones Industrial Average briefly added more than 100 points in the last half-hour of trade, led by Disney. Consumer discretionary gained more than 1 percent to lead sector advancers on the S&P 500.Crude oil futures settled down nearly 9 percent below $49 a barrel, erasing almost all the big gains from the past two days. Its Greece once again.... and tomorrow after the 1% rally it will be Greece once again who brings positive news to the markets .... Does anyone really believe that news out of Greece is really moving equities here in the US...just a lame excuse...
This is another day where the Dow soars 250+ points.....18,000+ by tomorrow morning.... Dow up over 600 points in 4 days
Not worried...down a whopping 18 cents from where I bought ... Im out of most longs. Dow is up over 700 points in 4 days, on what news I don't know since most economic reports out this week were downright pathetic.. ....most stocks up 10-25% ...wouldn't be going long. If I was I would be buying only a quarter of a position here and there...were at that tip again with the S$P nearing 2064....high is 2090....we might get there by tomorrow or Monday if everything falls into place....job numbers will probably come in at as predicted around 225,000 or so...what keeps the new highs coming along is another story....Once the s&p breaks again its falling right though it's 200 day. Right now there is way toooo much excitement so no one is expecting such a drop, but we will get there. How many days without a significant correction? 1202 1203?
With 257,000 jobs created and wages increasing shouldn't that come with at least a .25% rate hike, how many millions of jobs added over the last 4-5 years and rates still stand at 0%. If you just looked at the unemployment rate and nothing else you would believe a 5.7% unemployment number would have interest rates somewhere around 4-5%.....but that's not happening ...here we have a 5.7% unemployment rate and rates at 0%. Something is very wrong here....I guess with nearly $5,000,000,000,000 on the feds balance sheet they can't raise rates...anytime they hint that its 3 or 6 months away from rates going up in reality its 2-3 years away. http://www.cnbc.com/id/102401609