"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824
Thursday, October 15, 2009
Might Be An Active Day On The Blog
I'll be short as a mofo if we can get thru the bue and yellow dashed (with tight stops of course). Opex will get ya. Careful out there. I am still in cash.
As of yesterday, I'm starting to see individual stocks moving differently than indexes. Indexes ,of course, keep going up. but some stocks are posting 2% drops. If I was the Fed and had less money to manipulate markets, I would focus on the stocks in the major indexes. Or have GS Analysts upgrade those stocks.
Disconnect is starting to happen as it will prior to earnings. Opex is screwing with things as well. GS is out of upgrades I think. Really tough time right now. I'm in cash till next week.
As of yesterday, I'm starting to see individual stocks moving differently than indexes. Indexes ,of course, keep going up. but some stocks are posting 2% drops. If I was the Fed and had less money to manipulate markets, I would focus on the stocks in the major indexes. Or have GS Analysts upgrade those stocks.
ReplyDeleteDisconnect is starting to happen as it will prior to earnings. Opex is screwing with things as well. GS is out of upgrades I think. Really tough time right now. I'm in cash till next week.
ReplyDeleteHow's the TA book?