Can’t wait until World Cup Soccer is over .. we need all the volume we can get back into the markets! I was waiting for the Fed rate decision because I wanted to play that knee-jerk rollercoaster in the few minutes after. But no! It’s like my screen froze…nothing happened. It took ten minutes before any significant move was made. And it sure wasn’t violent or crazy.
I was most disappointed that oil took such a dive…it was oil that led us up the past couple weeks and I don’t want it to lead us down. It did try to recover during the day, but went back down near the day’s end.
I’m afraid the entire day on Thursday will be framed by the jobless initial claims number. This time I hope the government dresses it up to show the number coming down.
There’s a lot of news brewing outside of economic reports that will affect the markets in the coming days. Check these out:
- Energy: Weather Watch Continues
- Hedge Funds Aggressively Cover Euro Short Positions
- Senators Prepare A Citigroup-Sized Hole In Volcker Rule
- Americans Lose Confidence in U.S., Obama
Oil, currencies, banks and presidents…gee, do you think any of those matter to this market?




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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