Tuesday, February 14, 2012

Befuddlewilderment

Happy Valentines Day for all the readers! I hope you got to do something nice today or this past weekend. Today was a crazy busy day at work and of course it was an interesting day at the end for the markets.

Befuddlewilderment
I am not one of those that think "the market" has a real good track record predicting much. It's often way late at market tops, and hopelessly eager anywhere near any kind of bottom. I have often said that the market is good at looking 6 months ahead, when it's not concerned with the next 6 minutes. Sometimes you get a day like today that just befuddles and leaves one bewildered. Befuddlewilderment!

Here is a 1 minute chart for the SPY today and you can see what looked to be a "trend" down day was reversed in short order right before the close:
There may have been some rumors of a Greece thing or some other random input. I have no idea. Things got pretty testy out on Twitter on the reversal and once again emotions are running hot.

So in an effort to improve overall morale, here are some picture representations for "Befuddlewilderment" and maybe it will catch on:


Have a good night.

3 comments:

Jennifer Hillier said...

I am extremely befuddlewildered by that second last picture.

Then again, maybe the stripper is the baby's mother, and the little girl is just waiting patiently for her... dinner.

EconomicDisconnect said...

You know that's an interesting take Jen. Maybe we should not be so quick to judge.....

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