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2011
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07
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- US Debt Mountain
- Intraday Upside Seen
- A Day to Buy
- Debt Ceiling
- Thinking Long Term
- Fewer Posts
- Give the Market Its Due
- Market Feels Heavy
- More Can Kicking in Greece
- Europe = Punching Bag
- Closing In on a Sell
- Gap Ups Steal RTH Move
- Trend Down Day
- Market In Trouble
- Gold Bubble Is Simmering
- Always Fade Fast Money
- Very Weak Market
- Fast Money Bearish
- Ratings Agencies
- GOOG
- Looks Like a Bottom
- Overnight Volatility
- Watch 1296
- What a Reversal!
- QE3 Reflexive Buying
- Unsettling
- Rally Sold
- Europe Panicked
- Those Last 15 Minutes
- No Heroes
- Not Totally Sanguine
- Hedgies View
- Rising Consensus
- Still Not Shorting
- Europe NOT the U.S. is Japan
- Ahead of Jobs Reports
- The Pullback
- Shallow Dips
- Get Ready for Low Volatility
- Gap Down Signal
- Incredible Hulk
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7 comments:
It seems too simple to do a capitulatory bottom this time. This market will gap up and then scorch late longs end of day and repeat until the uptrend is defined at which point it will be too late to get long. I do not see these late selloffs as anything but algo's gunning margin near the short term reversals. You will see more of these action this late in the bull. Late in the cycle, TA doesn't work.
Lazy americans also getting downgraded soon ... :-)
No coincidence Italy, Ireland, Portugal and now US getting the moody's treatment all at once. It's political.. and they want austerity and spending cuts voted and lift of the ceiling asap.
We have already topped. We'll not see that top again for many decades to centuries.
We are getting crushed here in the after hours on the US credit rating news.
IMO this will not spillover into the day session. Volumes are thin AH and moves can be exaggerated.
But, as I said before, the US is a debt/entitlements Ponzi nation now, and this reality will intrude now and then in the short- and mid-term. Long-term, who knows...
Markets don't top in a period of asset inflation without it becoming a bubble first. You see, every action the fed has made to ease has created bubbles. There are no bubbles yet.
These downgrades just build the open short interest. It is psy ops and then the certain news is released therafter which is bullish and you know the rest.....
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