Random Walk Trading.com
Thursday
April 9, 2015′
1-855-RWT-0008
TM
Prepared by the good people at Random Walk, LLC.
Closing Prices From Yesterday
CONFUSED? Don’t Worry, so is the Fed.
Worried About Earnings? Don’t They can’t be as bad as analysts think they are going to be.
1–855–798–0008
Today’s Number(s)
Yesterday and Today
Yesterday
Was there a Fed meeting? I am sure I heard something about it, but looking at the chart at 2:00pm doesn’t show anything. Oh yeah, that is right. The Fed said āsome members want a June rate hike, some want a September rate hike.
I know why I didn’t hear much about it, because CNBC was too busy broadcasting the trial of Tsarnaev on their financial station, instead of what the Fed was saying. And to think that even interrupted their normal fantasy football and Final Four blabber. What comes next for the financial network? Pro basketball banter, or baseball bull&#t? It is not that I care at all, or that it even bothers me when they jabber like kids about the stuff, I just don’t think it should step on the Fed’s incoherent blabber.
Can you imagine the Sports Channel interrupting the Super Bowel to announce the Libor Rate went up 20 basis points?
In all fairness to them (counter point) it has to be hard coming up with things to talk about on days like yesterday. But make up interesting facts about the markets instead, just like in Baseball we have to hear about how Johnny Rottencrotch struck out 32 consecutive times at bat when the wind was coming from the South East.
The real news was oil inventories came out and crude fell over $3. Everything else was dead quiet. Other big movers of late, like oil, were all quiet.
TODAY
Today is our chance for movement as tomorrow’s numbers are negligible in importance by comparison.
Yesterday was the official start of earnings, but just two non-important names reported. The market is poised for its last burst higher but has to get over the paranoid and over-thought terror analyst put in to the markets with their -4.7% earnings estimates. These analysts have the same prediction accuracy as a magic 8-ball. Not that I am much better- but I am. And when I am wrong I at-the-least admit it (sometimes).
So in a week or so when about half of the companies are nearing their turn in the batter box we should see a little more confidence in stock buyers being willing to put their money on the table. Keep in mind that the main reasons for declining earnings estimates are bad weather and the rising dollar.
RISING DOLLAR
If you have a multinational company taking in billions a year in sales and you don’t know how to hedge ā just go out of business please. Or free me from the shackles of slavery and hire me for $2 million a year to stroll into the office and do it for you once a month.
WEATHER
Like the weatherman analysts are right once a year too. I doubt this is the time. And the last I checked, weather changes all the time and surprises people all the time. If you have not factored an average loss due to weather over 40-90 years of being in business you are even dumber than the RISING DOLLAR people. Xerox, Charles Darwin on line one please!.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 ā RWT ā 0008 for more details.
Too True To Be Funny
Interestingly, tomorrows article (right frame) could be āRandom Walk Marks two days since Scott nearly Ruined itā.
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I am going to catch grief for this one.
The cop at Ferguson sounds like his life was threatened and he did the right thing. I saw the S. Carolina cop shooting video, and he should be strung up like Mussolini. This guy was not a fleeing felon or endangering the cop. He ran like a girl, so it would not have been hard to catch him. I could have walked in front of him (even with a 10 yard head start) and maced him. Just taze his ass. You don’t shoot at him 8 times. I hope that cop shares a cell with Jefferey Dalhmer.
So let’s make this about right or wrong, not race.
Attorney Stuff
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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 Daily Planet newspaper.
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