That was fast.This looks and feels real. We will (probably) know by end of day tomorrow if this ends the trend. If UP now gives way to DOWN.
Just to be clear... as impressive as this "rip your face off" Bear Market rally was, the plunge (rate of change) will be at least twice as fast.
Posts
13 comments:
its "like a hot knife through butter" not "like a knife through hot butter" ^^
Ben,
I've been reading your blog every day for the past 4 months-ish and look forward to every post. I am an avid follower, but man I gotta tell ya.... it's looking more and more like you are simply waiting for the roller coaster to crest, slam the market while its falling, and then take a convenient traveling break when it starts heading back up. Granted, that seems much less stressful than having your face melt into your lap, but it would be immensely intriguing to have some commentary even as the market rises. Cheers.
@ Adem,
I've been working on a massive project that monopolized my time. I had to sacrifice the blog. My apologies for that.
I'm almost there... and I will reveal what I've been working on.
Obviously it's trading related and I will be working it into this blog. (It will significantly improve the blog.)
I cannot yet reveal more.
BTW, I am not a perma-bear. I have called and discussed the previous oversold bounces and Bear Market rallies (search the blog for 'bounce'). I will turn Bullish when it becomes appropriate.
To be clear: It is not appropriate now.
Ben is god.
> I've been working on a massive project that monopolized my time.
Hopefully, there's no subscription fees related to accessing this feature? :-)
I would pay coin for access to this feature!
-Hugo
@ Hulu,
Nono. No fees. Ever.
I would pay coin for access to this feature!given the high standards of ethics in Wall St currently, it is possible that such a comment wqas "planted"
Sarcasm off, great blog Ben. I look forward ro every post
no more travel breaks dude. Love your posts...
Hi Ben,
If this "feels real" why aren't Libor spreads blowing up again? This just looks like a technical selloff, maybe back to 750, before we climb higher again.
Good luck on your project and let me know when I can spread the word. :)
Leo
P.S. As much as I love reading Ben's comments, I am developing a crush on Girl Can Trade:
http://girlcantrade.blogspot.com/
Don't worry Ben, you are still one of my favs!
Ben,
What is your take on Mish's "deflation trade" below, particularly on rising gold prices...
Mish:
In case you did not notice, the "deflation trade" is back in vogue today. The deflation trade is a rising US dollar, rising gold prices, rising treasuries, and falling equity markets.
http://globaleconomicanalysis.blogspot.com/
>> its "like a hot knife through butter" not "like a knife through hot butter" ^^
Or "like a knife through drawn butter"...
Leo: Yes, this looks like technical pullback to around 750-770 area. From there we should see race to higher high. But we will see...
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