October 28, 2011
Week ahead: Doom-and-gloom camp tricked again
Stocks are clearly in a sustainable rally, as the charts show...
October 31, 2011
Sharp Drop for Stocks on Wall Street
Equities fell 2 percent or more, sending the broader market in the United States back into negative territory for the year.
Trading eve of the Hallows, as bulls would confess
Not a creature was bearish, not even the press.
The stock charts were staged by the pumpers with care,
In hopes that more buyers soon would be there.
Investors euphoric with thanks to the Fed,
While sweet dreams of candy in mountains were bred.
With the bears in their bunkers, as I locked the door
The free markets were spooked and they dropped through the floor.
As seen on Wall Street, lifeblood sprays such a splatter,
Was it a test to see which bull was fatter?
Traders out windows! They dropped and they crashed!
The weak hands in the red were vomiting cash.
"To the moon!" cried the bulls for they did not know
The market was drawn by debt down far, far below.
When, what to their greediest "Ayes!" I did sneer,
"It's a very bad day, with nothing but fear."
If I Were A Central Banker, This Would Be My Number One Graph - Bottom? I am still bullish on consumer spending. Just too many cool gizmos out there, extended adolescence of millennials, and retirement of baby boomer...
1 hour ago