Friday, December 16, 2011
Europe Weak Again
Europe is lagging badly again. The perpetual punching bag of the short sellers. I want to get constructive on the market but with European stocks acting so weak, I will wait till I see more give up by traders. Post options expiration is usually a soft spot for the market, so we'll likely see lower prices next week. I don't see a trend day today, because I don't think we can go up big quite yet. It looks like it will be choppy like most option expiration days.
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5 comments:
Is it short sellers or people really just selling their longs cos equities are gutter assets?
Definitely not short sellers. Shorts don't go in to sell short on a Friday on options expiration. It looks like longs trimming their holdings.
Market last 2 days had best chance to do at least 1 strong short term rally, but fail. I've been watching ticks, there are no real bids in this market and worse, no real short interest to squeeze rallies
2012= same as 2011..
I'm expecting another choppy market next year. No real gains YoY.
Same issues, also. Europe inability to get debt under control. China's slowing economy, and over here politics as usual. Another big debate on the debt ceiling early summertime could/should have the same results as this past summer. 15% decline if you forgot already.
What about the middle east and also oil? Iran?
Things already going back to the way they were in Iraq. Are we going back in??
What other good news am i missing?
It is hard to predict one year out but I think we'll be trading at mostly higher prices for most of next year. Europe is bad but reflected in the prices and a Chinese real estate bubble crashing only hurts commodity exporters, it won't hurt most US companies. The Fed will come up with QE3 and ECB will start QE1, so the markets will be loaded up with liquidity next year.
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