It may be May but it could be January. The market will do what the big money tells it to do. I am not the big money so I just try and follow it. That sell in May began when the Brits would take off May to holiday and whatever. In this day and age with laptops, Iphones, etc. they do not take MAY or anytime off. That is not to say that they may sell in May. Happy trading.
It is rather ironic that no matter the news the market goes up. Must be the power of positive thinking? If the numbers are poor such as less jobs than expected, that is good because it demonstrates that things are slowing so we may need to increase QE. If the numbers are higher than expected than this is good and QE is working. It is called a win/win situation if you are long or in this case short SDS Today they are out calling for the S&P to be 1700 by Hallowe'en. So trick and treat means win/win! Notice it is trick and treat not trick or treat. Happy trading in a manipulated market.
Rather big miss on revenues. Revenues cam in at 1.97 billion with consensus being 2.28 billion. That is significant. Granted it may not make any difference to the big boys if they have just bought. They will use the beat in earnings to take it higher. if they are short they will use the revenue miss to take it lower.
Bryan I had been long the market since 2009. I will admit that I do short certain stocks and have been a bear in SDS. I do not invest at this time. I have sold my longs and now just trade. Great peace of mind as I seldom hold over night now. Good luck in your trading.
As long as they continue printing QE they can continue to move stock market higher. Be careful thinking the market is going to tank. One day it will. When, I certainly do not know.
Stock market goes up so you are worth more! S&P is up again today. Yes it does not seem to matter how bad the news is the market may begin in the red but it will be bought and goes back. Ben said that he would keep the QE moving as long as he needed to keep the market up.
The unemployment figures are a total joke. Companies laying off more people to keep business in the black. Stats not revealing the real mess we are in as folks out of work but not considered in the figures. Obama will come out today with some more incomplete figures to say we are making headway. Total misrepresentation. Believe we will see lower gas prices this summer than normal with lower margins for refineries. Every industry is going to have to take their turn getting hit in order to make it appear things are improving. This way you can identify one area that is improving so all sectors not going to get hit at once. The reality is going to be more unemployed with many that are working making less money. Companies hiring temp workers that cost less and provide less tax for the government. The government decisions are making things worse not better. Those with the money are making more while the majority will be making less. That being said, they could still take this market higher with the QE as it is still putting money in the system albeit the stock market not those that need it.
Best not to get too emotionally involved. Anger management program may be advantageous for your trading! You can not control the SEC when they do not hold folks accountable. Happy trading.
Word on the street was that he would give 2 weeks before he revealed his investment. Then 2 days later Goldman would reveal the loan. This would give a nice pop. Couldn't discover how much George was giving Lloyd. SEC folks shared they would be hired by Goldman in two years. This is how you do business in the US. If you do not like it move to China.
He purchased around 14 and figured he would take a 30+ million profit this morning.