Wednesday, July 19, 2006
s&p sell program 1220 on our way to 1150+/-
faber report- tgt vs wmt what a waste of time.----duh,, he is only a few months LATE on his review.
cnbc had the nerve to say the american data on tuesday was good and thats why stocks closed up/flat. no,,, its because we were running out of willing fools to sell to so the selling stopped. soon the s&p will get a sell program,, i figure somewhere in the 1220+/- area,, and we wont look back until about 1150+/-. traders forget we tend to rally nearer the fomc meeting--and you know cnbc pumpers will play fed and tell you 1&done or this is it,, or some other crap. anyway,, this is alot like watching a painful slow death with torturous jabs here and there.
its almost amazing that the cnbc crew went to college..anals tell them to 'buy this or that' some even note that next year wont be great for abc company............. hello! then why would i want to buy it. i ONLY want companies that can grow stronger in a bad market not just be another bagholder for a stock that cant be stronger in the worst of times!
anyway,, get ready for it.. TOMO has been buying bonds and currencies NOT stocks,, they stopped that about a week or so ago. odds are they are using their new currencies as collateral while shorting the markets.
cnbc had the nerve to say the american data on tuesday was good and thats why stocks closed up/flat. no,,, its because we were running out of willing fools to sell to so the selling stopped. soon the s&p will get a sell program,, i figure somewhere in the 1220+/- area,, and we wont look back until about 1150+/-. traders forget we tend to rally nearer the fomc meeting--and you know cnbc pumpers will play fed and tell you 1&done or this is it,, or some other crap. anyway,, this is alot like watching a painful slow death with torturous jabs here and there.
its almost amazing that the cnbc crew went to college..anals tell them to 'buy this or that' some even note that next year wont be great for abc company............. hello! then why would i want to buy it. i ONLY want companies that can grow stronger in a bad market not just be another bagholder for a stock that cant be stronger in the worst of times!
anyway,, get ready for it.. TOMO has been buying bonds and currencies NOT stocks,, they stopped that about a week or so ago. odds are they are using their new currencies as collateral while shorting the markets.
# posted by tagthatstock @ 3:57 AM 
