jackfutu18
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After the serious increase in volatility of the last two weeks, things seem to be getting back to normal.
How do I mean? Let me count the ways…
Very large ranges have already shrank to “nothing.” The vast majority of Monday’s range was put in within the first hour of the day.
Vast sections of the day traded in miniscule 3-point ranges or less.
The S&P rallied almost +20.00 points.
Volume dropped like a stone. Including the Globex session and the closing volume surge, the total for Monday was still 56% LESS than the recent average.
HORRIBLY bad economic news was released before the open. It was ignored.
The S&P rallied almost +20.00 points.
The Euro zone is in recession.
Hong Kong is in recession.
The S&P rallied almost +20.00 points.
News of last week’s Spain and Italian bond bailouts surfaced Monday. Yes, they are broke but the ECB is buying all their bonds.
The Dow rallied +213 points.
All of last week’s losses have been regained (snap fingers here) like that. Yes sir, the market is back to normal. All is well.
Trade well and follow the trend, not the so-called “experts.”
Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.
How do I mean? Let me count the ways…
Very large ranges have already shrank to “nothing.” The vast majority of Monday’s range was put in within the first hour of the day.
Vast sections of the day traded in miniscule 3-point ranges or less.
The S&P rallied almost +20.00 points.
Volume dropped like a stone. Including the Globex session and the closing volume surge, the total for Monday was still 56% LESS than the recent average.
HORRIBLY bad economic news was released before the open. It was ignored.
The S&P rallied almost +20.00 points.
The Euro zone is in recession.
Hong Kong is in recession.
The S&P rallied almost +20.00 points.
News of last week’s Spain and Italian bond bailouts surfaced Monday. Yes, they are broke but the ECB is buying all their bonds.
The Dow rallied +213 points.
All of last week’s losses have been regained (snap fingers here) like that. Yes sir, the market is back to normal. All is well.
Trade well and follow the trend, not the so-called “experts.”
Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.
