Stock Market Ghosts of Bubbles Past :: The Market Oracle …

Stock Market Ghosts of Bubbles Past :: The Market Oracle …

Stock Market Ghosts of Bubbles Past

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Stock Markets 2014Feb 26, 2014 – 10:26 PM GMT

By: Jesse


The New Homes Sales number came in much higher than expected this morning, and so stocks reversed from their initial slump. They rose to challenge the overhead resistance once again, only to fall back down in the afternoon.

Rinse, wash, repeat.

Be careful, because this is a piñata market, shaped like the bubbles past, an elevated construction with the consistency of papier-mâché, at which a crowd of those with the mentality of children are taking a swing, trying to release their prize.

But, alas, this one comes with a plague of Pandora’s woes inside.

Have a pleasant evening.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse’s Café Américain – These are personal observations about the economy and the markets. In plewis

roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

© 2014 Copyright Jesse’s Café Américain – All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jesse

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