Good morning gang,
this will be my only post of the day:
Over the next three days, you will be witness to what I term the " Meaningless Market of Fear ". You will hear every conceivable reason why this market is going to hell in a basket of greed, exuberance and ignorance on your part to bow to the " Wisdom of Precedence ". The markets will shuffle from the precipice of hope to the bowels of despair. This divergent flow of the markets will be driven by the media and self appointed market gurus.
You will hear every fear phrase known to markets, too much, too little, too high, too low, too quick, too slow, too many, too few. Not one number you hear no matter how bad the appearance, over this period will carry one iota of significance in so far as to where the markets are headed, and that includes in spite of what you are told, the employment number, the bond yield, fair value, the futures etc. DO NOT BELIEVE ANY OF IT because come Monday we are headed higher, and that is especially true of QCOM. If you wish to sit for three days and filter such negative crap, feel free to do so, I for one will not participate!
For those looking for solace, cast your eyes upon MONDAY!
peace,
Voltaire |
