Sucker’s Rally Marches On! DOW up 100 at the close…

DOW up 100 to 9783.39

S&P up 14.33 to 1066.97

NAS up 26.86 to 2129.50

Gold holding 1018…

It’s a ZOMBIE BULL rally!!!! Sure sign of a top, IMO 😉 Anecdotal reporting suggests a flow of retail investors joining the party late..will it last through the reporting of the positive GDP for 3Q (clunker cash, home buyer tax credit) or will it falter and then pop and drop again?

OingoBoingo/Tim Burton mashup by weareactualsize


September 16, 2009. Tags: , , , , , , , , . Economy, Finance, Wall St. Comments off.

DOW up 200, the inmates are trading: Metallica – Sanitarium (1986 w/ Cliff Burton)

Uhm, the markets are ignoring the continuing housing collapse and driving financials higher based on, wait for consumer confidence survey reading…yeah Sell in May, Go Away, the Lunatics are running the floor…..

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May 26, 2009. Tags: , , , , , , , . Economy, Entertainment, Heavy Metal, Music, Politics. Comments off.

Market Update: Gold on a tear..950…

Yowsa! Theres my gold, go baby go, up 12 to 950 now….

Markets Now:

DOW down 137 to 8285

S & P down 15 to 888

NAS down 36 to 1693

Oil pulled back a bit then dollar turned around and it is back up 60.87

10 yr 98.609 – 3.29%

30 yr fixed rate mortgages moving lower again, sort of decoupled, HA! but seriously from 10 yr, that is due to FED buying MBS..which Fed Reserve minutes released yesterday indicate more FED heads want to expand…

May 21, 2009. Tags: , , , , . Economy, Finance, Music, Uncategorized, Wall St. Comments off.

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