Thursday, December 18, 2008

Snow Everywhere

Well, it snowed in Vegas and now Malibu gets a dusting, As I try to add value at every turn, I am providing you, my loyal readers and friends a snow and bad weather map. Seriously, stay safe and limit it only six or seven Quervo shots at the Christmas party.

We had another weird day in the market and it finally succumbed to another late day sell off. The media was giddy and jiggy on Tuesday and the bottom was most certainly in, hey they were positive. $SPX 1000 any day. This action is disturbing to me and although I've been getting more long in my day trading than ever before it just doesn't feel right. If I was a bull I'd be real careful in here. Reality will set in soon.

Asia has opened firm and oil closed around $36.


John said...

In Chicago, looking at a foot snow coming. Global warming is the reason for all the cold and snow.

Jared said...

We had about 19.5 inches of snow in a 24 hour period in Spokane, WA...which set a record. Nothing but more cold weather and snow in the forecast. It's been a lot of fun. I think I'll take my 3 month old out sledding. :)

About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.