Posts Tagged ‘recession’
Major Rally Leads To Veddy Nice Profits
While placing my vote early for the next president this morning, the market was in shitsville. Futures started up large, but by the time 10:30 rolled around, which happened to be about half way through the mother f’n 3 hour line I waited in, the market had given back a huge 300 pt move to …
What Worked Today 3262007
ONT – Am I the only one yapping about this stock on the internet? Currently my ONT position is up 32%. Is the current move based on the News Corp / NBC competition to YouTube and/or the CTIA convention going on in Orlando this week? You tell me. This story is long and strong. JSDA …
What Sucked Today 3262007
Being Short. NDX closed up R2K closed down. Had to eat another small loss. I’m not convinced this is a turn to be buying in the market. The economic data is suggesting we will likely see a recession. Tomorrow consumer confidence hits the tape, lets see how it plays out. This morning I was close …
Bought A Bunch of QQQ Calls
The NDX is down hard, but ISM manafacturing data came out and the reading was 49.5 which spells contraction since the reading is under 50. That should support the potential for a RATE CUT, not a rate increase. In fact, that data guarantees the FED probably won’t raise interest rates for awhile, unless they want …
