Who the hell announces a ratings downgrade on a Friday afternoon before a 3 day weekend as traders are trying to get to the Hamptons. Some foreign ratings agencies I guess. What the $%@&*!
It was just frosting on the worst May since 1962. There were no back-to-back up days for the S&P in May. Ugly. But did May flush out all the weak hands just so the big money boys can grab the fruits of a run up?
From the Stock Trader’s Almanac: “First trading day in June, Dow up 9 of last 11.” On the other hand, “Memorial Day week, Dow down 7 of last 13.” And even more gossip, “June ends Nasdaq’s Best Eight Months of the year.”
So forget about all that for a few days and have a wonderful weekend. Make sure you thank the family and friends of our fallen soldiers for the commitment they have given to our great country! Now, I’m popping the top off the first of many beers this weekend…..
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....
0 Responses to “Fitch is the Bitch!”