A defining characteristic of a bear market is 3% short-covering rally days. We've had what, 4 or 5 such days in the SPX500 this year? Bull markets NEVER have 3% up days. Are we in a bear market rally? You better believe it.
On a more important note, it's too bad them Yankees drew the weak sister Twins for the first round, eh?
We've all heard about September being the best September for the US stock market since 1939, but were you also aware that the Dow lost 30% over the following 9 months?
The best investor I know (NOT a day trader) doubled his money in 2008 on the short side (of stocks), and doubled it again in 2009 on the long side. He is already shorting SLV and will add to his short position on any further rise in the silver price.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
Gold, Yields & Nasdaq
Yields are breaking down, and may potentially extend towards 4.32%, which could imply further gains in XAUUSD and NASDAQ, depending on the outcome and inner details of the CPI. EURUSD...
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On a more important note, it's too bad them Yankees drew the weak sister Twins for the first round, eh?
GLD, SLV, QQQQ
GOOG and TRW (auto parts supplier to the manufacturers) VERY heavy insider selling of both GOOG and TRW.
Emerging markets are looking bubbly.