Happy St Patricks Day! Over night stock futures were gliding along, chugging higher and higher.... until the European markets opened. Futures tumbled, currencies collapsed and soared... and then the sun rose on the U.S. markets. Any dip since the lows of 2016, is just an excuse to buy stock at a cheaper price.
Tag Archives: thoughts
Rope A Dope
The script from late last summer has played out to near perfection in early 2016.
Prices looked ready to collapse into the abyss. The market poised for a nasty correction, and then just as abruptly as the sell-off began, prices recover. The recession calls of weeks ago turn into calls for the bull market to return. Stocks come back in vogue. And the sellers at the lows look like fools just weeks later.
Quick Morning Thoughts
Morning Thoughts
Yesterdays rally, if you include the move off the lows overnight, was the biggest rally for the market in some four years. At times I was waiting for the official to come in and blow the whistle. The ask was punished all day as nary a share was left standing. But that was yesterday, and what really matters is what will the market do today, tomorrow and beyond.