After reviewing the last 200 posts, (a mix of politics and paranoia, with a side dish of sauteed pessimism in Marsala)and, coupled with my own TA, I am compelled to respond with a clearer direction than most I've seen here.
On this chart: bigcharts.com it's clear that, stochastically speaking, a bearish wedge has been replaced by an aardvarkian putter, suggesting a need to reduce the mayo on the hoagies before arteries of currency in Malaysia harden.
Likewise, this chart: bigcharts.com shows you can boogie while the cows come home, due to the existence of a bullish parcheesi.
None of this would have occurred were it not for the wooing of Sandra Day O'Connor by Fidel, who's been deeply troubled by her gallivanting around with a certain son of the Red Guard hoi-polloi in the parlor with a candlestick. Not only has the pound been devalued as a result, but the caress has also been greatly cheapened.
Trading at 53x its number of coffee cups in the employees break room, IRSN bigcharts.com
is a harbinger of worse things to come with a high probability that they'll be reduced to using powdered Carnation™ for another decade before they'll know the taste of Half 'n Half again. Clearly, the yen will remain mired as a result.
For volatility readings, this demonstrates: bigcharts.com mutual funds are busy trimming the hedges with round-edged scissors after ingesting too much school paste.
Had Dr. Greenspan maintained a set rate of interest in this option: kepplerassociates.com instead of the swap meets with Maury Povich & his mu shu gai panty-clad Wang Chung nymph, we could still be locked within a bubble in the bathtub, praying no-one pops it without Lysol™ handy.
Even the bullish know it can't get much flatter than the Povichs.
Add it all up, and it's clear what we can expect over the next 2 weeks:
Mon/Tues: A NASDy drop to 1889-1895, with a rebound due to the likelihood that MOT will report it made a coupla bucks this year, as did a few other companies.
Wed thru Wed: after warnings that all the big names reporting in this period would be dumpster diving for spare change, traders will feign surprise that none of them are selling plasma yet, and we'll see a herky-jerky, slow rise to about 2020, which is a poor substitute for 60 Minutes, even though my TA suggests Mike Wallace is, in fact, dead, though animated.
Thurs (7/19) through the 3rd quarter: Seattle goes to 7 games with the Yankees. Meanwhile, every pundit, analyst and daycare tyke resorts to throwing themselves on the floor, kicking and screaming and flailing because theonion.com
This proves that:
a) Oregon Governor Kitzhaber's drug formulary plan could knock the wind out of a few biopharms.
b) Nothing is priced right, because if everyone thought so, every stock price would flatline.
c) Movement is all that's necessary to make money. Every round-heeled streetwalker will tell you that obvious fact.
d) If you paid attention to the companies with strong past performances within the bear market of the past year, and to insider buying, it's reasonably easy to choose which to play long; odds are you'll be right more often than not.
e) Dr. Greenspan must have a Gene Simmons-like tongue to bag a fabulous babe like that.
f) If the whole world feels a growing despair, they're not paying attention or are turning into a buncha wussy girlymen with flabby buttocks. After all, tech may be stalled but the revolution has miles to go before it sleeps: fastcompany.com
g) redmeat.com
h) within a day, I'll be long WEBM MONI JNPR MCDT HHNT and within a week, long WFII, just for starters...
i) penguins tend to mix a dry martini.
It's all as plain as the ear in Mike Tyson's teeth. |
