Friday, September 30, 2011

And It Only Gets Worse

This was an interesting day in that we would have typically expected window dressing and strong buying. There was no news of strong significance, so I expected the day to see strong buying. Instead, we saw selling because many traders didn't want to hold positions over the weekend. This suggests that the mood is changing from irrational exuberance to a reality-based awakening on Wall St that the economy is in very bad shape.

Dastardly Day!

Surprising that even on a day traditionally stoked with window-dressing, the mood was so morose! Dow down thus far nearly 200 points.This is looking like a big "oops"!

Thursday, September 29, 2011

Still Another "Oops"!

This has become a daily event this week. Stocks had been up 200 points on the Dow, and the S&P just went negative!

Bernanke said last night that "near 10%" unemployment is a "national crisis"!

German Bundestag voted to increase the size of the EFSF.

GDP was revised HIGHER this morning, and unemployment claims dropped. Apparently, it didn't convince Wall St today.

Wednesday, September 28, 2011

And the "Oops" Accelerates

Another "Oops" Day!

That's three afternoon "oops" in three days! This is striking, given that Wall St usually rallies in the afternoon after the European markets have closed!

Downside Breakout

Europe's latest "plan" appears to be starting to dissolve.

Germany Tells Geithner to Get His Own House in Order

Get lost, Geithner!

Tuesday, September 27, 2011

Monday, September 26, 2011

Market Explodes on Hopes of Latest Europe Bailout Deal

Oops! Optimism Wanes

Optimism Abounds

Foolish financiers!

Threat to Bailout

Manic Market