Stock Market SELL!
Stock Markets 2014Jan 14, 2014 – 08:06 PM GMT
That’s Japanese for the incredible feeling of heart pounding excitement– as you push that pedal to the metal on a really hot new Toyota.
For a bearish sort it might be the feel of the air rushing over your body as you fall off a cliff, perhaps.
So the bears got a brief thrill today as stocks ‘finally’ peeled off a second layer of the year end paintjob from just a few weeks ago, and slipped a bit off their Fed blown asset bubble.
The VIX is a bit more understated, coming as it has from almost still life complacency even after last weeks Jobs miss.
Follow through is everything, and so fare we have not yet broken the uptrend on the March SP 500, which is around the numerically important 1800 level. So the bearish excitement is probably premature, as it has been since the last meaningful correction in 2011.
This weeks economic calendar is included below. It is packed with facts, but only a few market movers in the bunch.
Chartered offered a figure slightly north of $61 Billion for Time Warner after the close.
Have a pleasant evening.
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.
© 2013 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.
© 2005-2013 http://www.MarketOracle.co.uk – The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
Only logged in users are allowed to post comments.