If SPY is up at open, am going to take money and bail out. Don't feel like getiing whipsawed all day long in short-covering/selling ahead of a Thursday NFP report, which everyone and his dog know will be horrible.
Have a good one, people.
Bailed at open. Got lucky. Now got some money to play tomorrow.
If SPY is up at open, am going to take money and bail out. Don't feel like getiing whipsawed all day long in short-covering/selling ahead of a Thursday NFP report, which everyone and his dog know will be horrible.
Have a good one, people.
Bailed at open. Got lucky. Now got some money to play tomorrow.
I don't get it...the private sector job report sucks....factory data blows...oil up...and the markets rise?
what am I not getting about this picture?
Look it up.
Called "buy the rumor, sell the fact."
Ever heard of "short covering rally?" Maybe not.
In any event, have a nice evening.
I don't get it...the private sector job report sucks....factory data blows...oil up...and the markets rise?
what am I not getting about this picture?
Look it up.
Called "buy the rumor, sell the fact."
Ever heard of "short covering rally?" Maybe not.
In any event, have a nice evening.
a lot of people forget what the energy crisis of the '70s was like. Let me remind you: The price of a barrel of oil shot up 400%. Long lines formed at gas stations practically overnight.
Folks had to pay four times as much for a gallon of gas, and there came a week when one out of every five gas stations in the United States had no gas to sell at any price.
The U.S. had three major recessions within 10 years after the first oil crisis in 1973. And those recessions were deep, with double-digit unemployment, double-digit interest rates and double-digit inflation.
Think 10–12% unemployment.
Think 15–18% mortgage rates.
Got the picture? That was the ‘70s. Not fun. My take is that a similar crisis will rock the nation before we solve our problem with clean coal, liquefied natural gas, oil from tar sands, high-mileage cars and safe nuclear plants.
a lot of people forget what the energy crisis of the '70s was like. Let me remind you: The price of a barrel of oil shot up 400%. Long lines formed at gas stations practically overnight.
Folks had to pay four times as much for a gallon of gas, and there came a week when one out of every five gas stations in the United States had no gas to sell at any price.
The U.S. had three major recessions within 10 years after the first oil crisis in 1973. And those recessions were deep, with double-digit unemployment, double-digit interest rates and double-digit inflation.
Think 10–12% unemployment.
Think 15–18% mortgage rates.
Got the picture? That was the ‘70s. Not fun. My take is that a similar crisis will rock the nation before we solve our problem with clean coal, liquefied natural gas, oil from tar sands, high-mileage cars and safe nuclear plants.
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