Great Morning
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
A nice day up in the markets. Once again the news in earnings was horrible. Japan’s economy is shrinking. People are concerned about Germany’s GDP numbers today, which could rock our markets more than our economic numbers. Yet, as long as bonds go higher our markets go higher.
Tuesday was setting up to run up like yesterday until the bonds sold off, and then we closed down on the day. In short….NOTHING matters except the Fed. They got us here and they will take us back down (eventually).
TODAY
Well, we are now only 350 points form 17,000 a gain, a number people didn’t thing (last week) they would see again for a long time. Make no mistake about it…..we are in Bizaroo World. Good news is bad, and bad news is good.
Good news will have bonds fall and take the Dow down with it. Bad news gives bond traders the misguided hope that interest rates will stay at zero forever, and that is good for the stock market. Don’t think so?
Look at the facts. IRS-gate, Fast and Furious, Iran still building nukes, Iraq under terrorist control, Russia v. Ukraine still uncertain, a 6% approval rating for Congress and a 40% for the president. We also have Obamacare that is not turning out as bad as the tea party feared, but it is still not 20% as good as it was sold to us by Pelosi and Obama. We have Americans not using the internet as audaciously because of the NSA. Corporate earnings stink. Even McDonalds is caught up in a Chinese food scandal and having their worst sales in 10 years. And I didn’t know they even went back to the McRib sandwich.
The list goes on (and on, and on….). Yet the markets will continue to go up for a little while longer, in all likelihood. Why? The few people who do have cash to invest have no place to put it other than the stock market. Real estate is showing signs of weakness. Commodities have been getting hit. Bonds can have a lower rate than zero.
It will not be until the Fed looks like a rate hike is coming that the market will likely fall. When it comes the first wave down will be a head-fake. We will likely bounce and then fall for real the second time. Not today, though.
Awesome job of sitting in the sweet spot. Keep it up PCLN.Ā
POT is held each Wednesday night at 7:00pm eastern.
Too True To Be Funny
Someone gives me 100:1 odds & I will take the bet she says āThe Dog Ate Itā
Attorney Stuff
DISCLAIMER (Seriously!)
Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the DailyPlanet newspaper.
We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesnāt mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.
Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.
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Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesnāt mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.
Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.
Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). āThank yousā are only handed out in countries where legal and void where prohibited. If your country does not allow āthank yousā please refrain from accepting it. This disclaimer is copyright material and not a joke.
