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Good morning and welcome back to weight room. The markets are down 1%, back to about the 11,000 level on the DJIA. Recall that I’ve been saying this week that I think we might finally be bottoming somewhere here between DJIA 10800 and 11000. Despite — or indeed partly
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Got a chainsaw buzzin’, Who’s that cussin’ Eyes start blinkin’, The boys all start their wishing Left holdin’ the bag again, Burying it at both ends Don’t believe she’s a friend Thick, thick & thin Let it loose now, let it go to the wind — Black Crowes
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The markets have stalled at about 1% lower here and are, if anything, trying to keep from fading another 1% or so. Anything less than a 2% move would probably be a victory for the bulls, at least according to my old “dislocations” theory — A dislocation being anytime the market
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A pullback in the markets, but not a panicky rush for the exits. Maybe we really are getting past the overdriven emotions that have been dominating the marketplace. I’ve not done any trades again today — two days in a row. And that’s mainly because most of these stocks
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Apple CEO Steve Jobs resigned last night. Let’s discuss. I’ll reprint the entirety of what Steve Jobs, the now ex-CEO of Apple, wrote in the letter he sent out at 4:40pm, two minutes before Apple itself followed his email blast up, with the formal announcement of their
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And that’s a wrap. The markets started flattish and pretty much steadily rallied all day finishing up about 1% across the board. That is indeed exactly the kind of slow rebuilding and gradual intraday strength that the bulls should probably want to continue to see. No trades for me
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Come on, my friends, Let’s make for the hills. They say there’s gold but I’m looking for thrills. You can get your hands on whatever we find, ’cause I’m only coming along for the ride. — Pink Floyd “What do you think of gold?” If I had
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Oda Mae Brown: He’s stuck, that’s what it is. He’s in between worlds. You know it happens sometimes that the spirit gets yanked out so fast that the essence still feels it has work to do here. Sam Wheat: Would you stop rambling? Oda Mae Brown: I
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I’ve been patiently waiting for the emotional spirits that drive the markets, especially when things get as volatile as they’ve been the last month, to play out before covering some of our many shorts or adding more names other than last week’s new purchase to the long
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She’s got legs, she knows how to use them. She never begs, she knows how to choose them. She’s holdin’ leg wonderin’ how to feel them. Would you get behind them if you could only find them? — ZZ Top There’s some legs to that rally out there.
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Another day, another rally. Ha, just kidding. But we are rallied up another 100 points in the DJIA this morning and it’s tried to stick so far. And I do think we’re getting closer to bottoming sooner rather than later. I’ll rephrase — I think this market might
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Flat day at the markets and that’s not a bad thing. Some steady base-building would be best, but regardless of what happens in the next couple trading sessions, I’m starting to wonder if the selling is closer to being over than started. I bought some Riverbed calls as