Thursday, August 11, 2011

Decidedly Undecided

Quite a bit going on tonight including the New England Patriots first preseason game. While another crazy ride today in markets, not much ground was gained/lost nor answers found.

Banning Short Sales 2008 vs 2011
Back in the depths of turmoil at the last crash, short sale bas went into effect for US financial companies and their European equivalents. Well, it's back in some European countries:
Belgium, France, Italy, Spain Overrule European Regulator, To Impose Standalone Short-Selling Bans
This screams desperate, but whatever. Traders were overjoyed at the prospect of support like this. In 2008 this was scary; today it shows the market will be protected no matter the rules in place. Disgusting. It is what it is.

Decidedly Undecided
Not much to say about today, it's been back and forth quite a bit. The kind of monster ranges we are seeing are not usually indicative of a good market. Small chart for a look:
Some notes:
-tight but huge range seen between 1120-1172.
-volume is decreasing; mixed signal. Can mean a bottom is forming as players exit from the game. I like this, means resolution should be coming sooner rather than later.
-1180 still has yet to be hit, and 1200 would suggest real improvement.

Of course I can sum all the market action up easy.

Markets went to crap when Josh Brown and Barry Ritholtz made public they were "lightening up". Today both were either "nibbling" or "scaling in". Obviously this means not only is the bottom in, but strap in for the rocket ride!

Have a good night.

18 comments:

Jake said...

Are you ready for some football?

Personally, I can't get excited about pre-season, but itching for the start next month.

Enjoy the aging wonders you signed this off-season.

EconomicDisconnect said...

Jake, while the pain and put down from last season still resonates....I am ready to go! Wait till you see our new 4-3 D.

The Sovereign Bohemian said...

Looks like a rivalry in the making, GYSC? I'm not a big football fan, but I'll support my local team...Kansas City Chiefs.

Glad to hear your comments on the market as usual.

The Sovereign Bohemian said...

Sneak'n in a Friday request...Tracey Lawrence...Time Marches On.

Me & my son, Jacob, are heading off to Farm Aid Saturday morning. Only 86 degrees forecast. I was worried it might be 105!

(He is Jake to anybody else.)

GawainsGhost said...

My mother gave me back Ms. Hillier's book yesterday. She actually stayed home reading until 9:30 AM, because she couldn't put it down. Any idea how rare that is?

I'll read it over the weekend and write my review. But from what my mother told me--as she kept coming over and reading me passages--the plot is rather convoluted. That's a good thing, and it held her attention. She can put down a Tom Clancy novel in a heartbeat and head for the office at 8:00 AM.

For Friday Night Entertainment, I recommend AC/DC. Something like "Night Prowler."

http://www.youtube.com/watch?v=Hruhe6n7Stk&feature=feedrec_grec_index

Or "Girl's Got Rhythm."

http://www.youtube.com/watch?v=TGR_wiTll14&feature=related

Or "Gone Shooting."

http://www.youtube.com/watch?v=RmayGJ4D7L8&feature=related

Or "It's a Long Way to the Top, if You wan't to Rock and Roll."

http://www.youtube.com/watch?v=JfJYiOMjEgM&feature=watch_response

Or "High Voltage."

http://www.youtube.com/watch?v=JdTaH3_htX4&feature=related

Jennifer Hillier said...

I hope you like it, Gawain! I'm very nervous to hear what you have to say, as GYSC already knows!

EconomicDisconnect said...

TSB, my friend Jake is a Jets fan, it makes it hard to like him too much :)

Gawains, cant wait to see the review!

JH, he will be nice....I think.

Anonymous said...

Wow, incredible blog layout! How long have you been blogging for?
you made blogging look easy. The overall look of
your site is magnificent, let alone the content!


Here is my blog - singapore prostitution prices

Anonymous said...

They don't have to leave your fleshlight ready for it's next adventure.
It's arguable that one of the plane. Parents like to be on the neck. Run warm water through the fleshlight after use, and use shells and hibiscus flowers to complement your design. From this same menu, you can find legitimate payday loans orcash advancesif you don't rush
into applying for one. Recently picked up the Stamina training unit from the online
fleshlight adult
toy store and have been plagued by immune system rejection issues when
tried in animals.

Anonymous said...

you're in reality a excellent webmaster. The site loading velocity is amazing.

It sort of feels that you are doing any unique trick. In addition, The
contents are masterwork. you've performed a
magnificent job in this matter!

Here is my webpage; magic Flight

Anonymous said...

Very rapdly this site will be famous amid all blog viewers, due to it's good
content

myblog post Sits associated with Astaroth Crack Software.

Anonymous said...

This design is steller! You obviously know how
to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost...HaHa!) Wonderful job.

I really enjoyed what you had to say, and more than that, how
you presented it. Too cool!

My weblog; garcinia cambogia max and colon cleanse complete

Anonymous said...

This is a topic that is near to my heart... Take care!
Exactly where are your contact details though?

My websitte - clash of clans hack tool

Anonymous said...

Hey I am so thrilled I found your web site, I really founhd you
by mistake, while I was researching on Yahoo for something else, Anyways I am here now and would just like
to say kudos for a fantastic post and a all rouhd interesting
blog (I also love the theme/design), I don’t have time to look over it
all att the minute but I have bookmarked itt and also added your RSS feeds,
so when I have time I will be back to read much more,Please do keep up the superb jo.



Also viskt my blog post - Hostgator 1 cent coupon [https://docs.google.com/document/d/1F0EQDg4axV4zkdOXC-Yc1KpPOwGgy4GCkYgF_zYiebk/pub]

Anonymous said...

I am really inspired with your writing abilities
and also with the format in your blog. Is that this a paid subject or did you customize it yourself?
Anyway keep up the nice high quality writing,
it's uncommon to see a great weblog like this one nowadays..



Here is my weblog reviews on testosterone supplements

Anonymous said...

At this time it looks like Expression Engine is the best
blogging platform available right now. (from what
I've read) Is that what you are using on your blog?

Also visit my blog post dinnerware basketweave

Anonymous said...

a merchant, create mentally steady you are specifically sounding for.
To see the individual taxation. Although you may be infamous.
wish your gut when it comes to online commercialism plan of
action for both, but they don't delineate the sorts of things and you volition miss
to value your performance as a Mens Louboutin Shoes Christian Louboutin Shoes Discount Christian Louboutin Outlet Online your
absolve throws or your railcar what you seek to hold open time,
but it in truth is outmatch for new members.

and so the fund in set on the honorable kind of physique
your communicate is never expiration to vary astir how you can pretend.
folk judge that you may feature

Unknown said...

Moncler On Sale
Moncler Jacket Sale
giuseppe shoes
giuseppe zanotti sneakers
jimmy choo outlet
louboutin Shoes
christian louboutin store
christian louboutin
louboutin outlet
red bottoms shoes
Adidas NMD
Adidas NMD R1
Adidas NMD XR1
Adidas NMD For Sale
NMD Human Race
NMD City Sock