By Sell Puts
The past few trading sessions we have seen fairly low volume compared to the past. Though this whole move overall has been on low volume, it makes everyone who understands the phrase "volume precedes price" a bit sceptical. Including myself. I do not want to sound like a broken record preaching conspiracy and fighting the trend, but i feel like getting the word out to main street of this very possible false propping of the market is a richeous duty. Nothing particularly material changes today.
Chart via ZeroHedge
Though i did observe:
Oil up along with commodities
Dollar Down
89 billion in TARP funds have been approved by the fed to be paid back. Most of the firms paying back tarp have level 2 and 3 assets which still suck.
Some food for though, Kuwait Oil minister seems to be on top of his game. (via GreenSheet)
Oil up along with commodities
Dollar Down
89 billion in TARP funds have been approved by the fed to be paid back. Most of the firms paying back tarp have level 2 and 3 assets which still suck.
Some food for though, Kuwait Oil minister seems to be on top of his game. (via GreenSheet)
Sheikh Ahmed Abdullah al-Sabah stated:
"You see, the problem is that the market is not moving or responding to fundamentals. It is only sentiments driving the market."
"You see, the problem is that the market is not moving or responding to fundamentals. It is only sentiments driving the market."
He goes on to say something strikingly intelligent:
"There is no good price. There is a logical price. Logical is what market forces prevail at that time and for the time being $60 to $70 to $75 per barrel is acceptable."
Granted i think those prices are still overvalued, they are better than 100+.
HedgeAccordingly
"There is no good price. There is a logical price. Logical is what market forces prevail at that time and for the time being $60 to $70 to $75 per barrel is acceptable."
Granted i think those prices are still overvalued, they are better than 100+.
HedgeAccordingly
