A song for Bernanke at his press conference.
You can't hide your lyin' eyes
And your smile is a thin disguise
I thought by now you'd realize
There ain't no way to hide your lyin eyes
And your smile is a thin disguise
I thought by now you'd realize
There ain't no way to hide your lyin eyes
--"The Eagles"
Wow.. you were not kidding about volatility!! I just got squeezed by that spike that came out of nowhere. Wow.. this is volatiity!
ReplyDeleteFasten your seat belts. More turbulence ahead.
ReplyDeleteI was cracking up when I saw the Eagles lyrics. I am getting loaded up on SPY shorts - what exactly can Fed say now that is new and still stave the astrology? Trend is up, no doubt. But intermediate term, a "healthy" correction is critical. Buckle up indeed.
ReplyDeleteDo you see AAPL, GOOG, AMZN, ie. the biggies getting volatile to the downside as well?
I will try to find some lyrics as well that fit the situation. I love the Eagles reference!
Alos, the IMF is already giving money to Cyprus. That is not new news. It just means we will do what we are doing now and its not worked so far. Amazing, the bulls are grasping here.. this reminds me a bit of 2007
ReplyDeleteI just trade SP500, selective Canadian Oil & Gas and Mining stocks and various ETF's
ReplyDeleteNo kidding about wild gyrations and volatility, right?? I am stunned at the market shrugging off the Cyprus news, and taking it new highs again. Makes me nervous for how hard we could fall.
ReplyDeleteMy own work shows a fall by the first week of April (accounting for qtrly dressing etc). Does that jive with your work? I extended moving averages and thought where would RSIs get extended, MACDs get extended etc and came up with that range.