Maybe the market is expecting U.S. interest rates to rise sooner
than originally expected. At some point it would seem logical and
the dollar may be viewed as a good bet.
Anything is possible, including a concerted effort to buy this
market and keep it high for the rest of the month. Or a giant last
gasp up head fake.
The dollar may yet assert some influence on the markets but
until it confirms a bottom, who really knows. This high frequency
of supper volatile stock market days reminds me of the weeks and
days before the top in '87.
My best guess would say that IF the markets were to turn around
and drop later in the day to even or lower, then Monday could be
really ugly. But seriously, I expect them to hold it up as best as
they can through the close.
god yeah I'm glad we don't have Gordon Brown, I've felt sorry
for you guys for years. Didn't Gordon Brown basically sell
England's gold reserves basically at the lows in 2001?
anyway we'll see what happens, during inflection points,
relationships like the dollar/market/Euro can do things like
that. The relationship has held for a long time, we can't
make conclusions that the relationship is broken after just a
couple hrs in the morning, you need to see a lot more then that to
conclude a relationship is over, you need days not hrs.
yes, he sold all our gold when it was around 230-250 an ounce,
sold the lot.
he's a friggin idiot and only got in by default, he didnt agree
to an election cos he new it would have finished him and been a
laughing stock for being the shortest time in history as a prime
minister, this man goes to bed dreaming about taxes, he'll be
putting a tax on kids bicycles next
It's possible. From the point of game playing, it does not
matter. Stick to your senses and follow them, don't rationalize
every move. The reason is always after the fact. Good luck!
head fake in my opinion. But when you bring logical and rational
into the mix I cower, because it has only backfired for me in
the past.
It is the ultimate irony (and I have done some back testing
on this) had I done exactly the opposite of what was rational and
logical in the past year and a half, I'd be stinking rich!
My boat is still bobbing in the distant horizon, can't seem to
catch a good wind!
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
can anyone offer a rational explanation
Posted by biketastic on 4th of Dec 2009 at 10:08 am
.. for what's happening - apart from "it's bs"? As a Brit we have had 12 years of Gordon Brown so we are experts on BS. LOL
But seriously, market up, dollar up. It's contrary to all of the excellent tutelage we gain from Matt and Steve in the updates.
Is it possible that this is a big head fake?
Title: Interest rates to rise? Maybe
Posted by cal1 on 4th of Dec 2009 at 10:21 am
Maybe the market is expecting U.S. interest rates to rise sooner than originally expected. At some point it would seem logical and the dollar may be viewed as a good bet.
XLF testing downward trendline today
Posted by safadig on 4th of Dec 2009 at 10:28 am
Don't worry, be happy
Posted by perthx on 4th of Dec 2009 at 10:17 am
That's as rational an explanation as I can find!
Anything is possible, including a concerted effort to buy this market and keep it high for the rest of the month. Or a giant last gasp up head fake.
The dollar may yet assert some influence on the markets but until it confirms a bottom, who really knows. This high frequency of supper volatile stock market days reminds me of the weeks and days before the top in '87.
My best guess would say that IF the markets were to turn around and drop later in the day to even or lower, then Monday could be really ugly. But seriously, I expect them to hold it up as best as they can through the close.
god yeah I'm glad we
Posted by matt on 4th of Dec 2009 at 10:17 am
god yeah I'm glad we don't have Gordon Brown, I've felt sorry for you guys for years. Didn't Gordon Brown basically sell England's gold reserves basically at the lows in 2001?
anyway we'll see what happens, during inflection points, relationships like the dollar/market/Euro can do things like that. The relationship has held for a long time, we can't make conclusions that the relationship is broken after just a couple hrs in the morning, you need to see a lot more then that to conclude a relationship is over, you need days not hrs.
Gordon Brown
Posted by parki48 on 4th of Dec 2009 at 10:31 am
yes, he sold all our gold when it was around 230-250 an ounce, sold the lot.
he's a friggin idiot and only got in by default, he didnt agree to an election cos he new it would have finished him and been a laughing stock for being the shortest time in history as a prime minister, this man goes to bed dreaming about taxes, he'll be putting a tax on kids bicycles next
gordon is a moron
Posted by biketastic on 4th of Dec 2009 at 10:30 am
.. enjoy, especially the chorus 2 minutes in.
http://www.youtube.com/watch?v=Y3rD8fUmbRA
oh, and yes, he did sell our gold at around $250
It's possible. From the point
Posted by junkie on 4th of Dec 2009 at 10:16 am
It's possible. From the point of game playing, it does not matter. Stick to your senses and follow them, don't rationalize every move. The reason is always after the fact. Good luck!
head fake in my opinion.
Posted by Palladin on 4th of Dec 2009 at 10:14 am
head fake in my opinion. But when you bring logical and rational into the mix I cower, because it has only backfired for me in the past.
It is the ultimate irony (and I have done some back testing on this) had I done exactly the opposite of what was rational and logical in the past year and a half, I'd be stinking rich!
My boat is still bobbing in the distant horizon, can't seem to catch a good wind!