Trading thoughts, ideas, tips, musings, and pontifications. . .not necessarily in that order.
Outside projects have kept me away from the trading desk the last week, but I always keep an eye on the markets and review them every evening. And boy did the FOMC ever grease the wheels today! What a launch into the stratosphere! I’m betting a little downturn is imminent. I’ve got no money on this sentiment so do your due diligence!
“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” -– Ronald Reagan
Dogs with Fleas are Running This Market
New Normal on Wall Street: Smaller and Restrained
Volatility…Too Much of a Good Thing?
This may become a big thing: Apple Jumps Into Textbooks.
Both Groundhog Day and the State of the Union address will occur within days of each other this year. This is an ironic juxtaposition of events……
One involves a meaningless ritual in which we look to an insignificant creature of little intelligence for prognostication…..The other involves a groundhog.
With bullish China, bearish earnings and a shortened option expiration week, this should be some ride. Feeling kinda toppy here though. As it’s OpEx, I’m probably watching more than trading….and I’m hoping to see more volume and more volatility. Happy Trading!
“The economy is so bad that the highest-paying job in town is jury duty.”
Amen, brother!!! Shut Your Mouth, War Is Hell
What recession? Atlantic City casinos post revenue gains for the first time since 2008.
C’mon inflation! Why Economists are Rooting for Inflation
What’s with the banks? Bank Stocks Popular Again?
Look out! It’s gonna blow! Markets are calm _ too calm. Why pros are spooked.
Interesting…Organized Crime Now ‘Italy’s No.1 Bank’
Election time: Now We Will See The Real Obama
Oh no! Not again! S&P Cuts Credit Ratings for Nine Euro Zone Nations
“2012 is supposed to be the year the world ends. Have you seen the national debt? If the world doesn’t end, we are so screwed.” — Jay Leno
It’s amazing that on a day like today, 171 stocks closed at their all-time highs! Man…that looks bullish. Of course, when it “looks” bullish is the best time for bears to throw us into reality. 34 stocks closed at all-time lows. Still looks like the bulls are in control.
And that close on Friday was proof! There’s something happening here….
Except for the big gap up on the first trading day of 2012, it’s been a pretty narrow range for the week and even narrower ranges for each day. Slow trading on low volume Boring!
Need to get some volatility in here to get the blood pumping! 
It was my first losing day this year. I shouldn’t have tried….low volume, narrow range, choppy market. Oh well, learn from my mistakes.
AA had a losing quarter which may not go so well on Tuesday…after such a good day on Monday…before the report.
There’s still a lot of momentum for the bulls, so let’s see if they can follow through.
Really? U.S. Economy Gains Steam as 200,000 Jobs Are Added and U.S. Economy Adds 200,000 Jobs In December As Jobless Rate Falls To 8.5 Percent
Why? Stocks end mostly lower despite upbeat jobs report
Searching for Financial Advice Online
Another why? Why Super Bowl Ads Keep Getting More Expensive
Watch what you tweet: SEC Clarifies Stance on Social Media, Takes Action to Punish Social Network-Based Fraud
Just in case…If I Die: Facebook App Lets You Leave Sweet Last Words
Up in Smoke Sounds like a Cheech & Chong movie 
Q: How is the bad economy affecting the Super Bowl? A: Instead of a coin toss they are now going to play rock, paper, scissors!
Happy New Year and Welcome Back My Friends to the Show that Never Ends! It was an exciting day….starting off with a clean slate, we were all at the same starting point. But from there it all began to change.
Big gap up open was hard to hold on to….the Dow made a 5-month high and the S&P retreated a bit at the close, closing below its open. 
But still green all around.
According to the Stock Trader’s Almanac, The Dow has been up 13 of the last 18 years on the second trading day of the year. That will give us some follow through on today’s action. Could we be setting up for a bull run year? If the first 5 days of January are net positive, then there is 87% probability of 2012 being positive.
It’s the first day of a new year, and endless opportunities await us! Happy Trading!
If you’re still sober, here’s a few things to look at……
If you bought the S&P on the first trading day of 2011, at 1267.62, and then sold on the close Friday, you would have lost 2 cents! Oh my! So…Wait til next year!
The best deals of the year 2011: The Top of the Class in Deal-Making
It’s going to be a big Internet IPO year! Facebook Poised to Lead Biggest U.S. Internet IPO Year Since 1999 Bubble
I thought it was called the stock market! The online poker gold rush
What a MF’er! Corzine Pushed Europe Bet to $11.5 Billion
If you don’t read anything else, watch this! A stunning understanding of our country’s debt issues! Sense on Cents!
“There are thousand different ways to skin this market, and a million different ways to get skinned”
| INDU | 0.00 | |||||||
| NASDAQ | 2816.55 | |||||||
| S&P 500 | 1316.33 | |||||||
| ^RUT | 798.85 | |||||||
| QID | 38.38 | |||||||
| QQQ | 60.40 | |||||||
| QLD | 95.19 | |||||||
| TZA | 20.83 | |||||||
| SSO | 51.00 | |||||||
| SDS | 17.51 | |||||||
| BGZ | 25.19 | |||||||
| BGU | 70.78 | |||||||
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
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