coolhand's Account Talk

[coolhand]

100 Great Things About America

http://features.blogs.fortune.cnn.com/2010/07/02/100-great-things-about-america-part-1/

 

[coolhand]

State's bankruptcies soar despite overhaul

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/04/BUJP1E7JK5.DTL&type=business

 

[coolhand]

Europe’s ‘toothless’ bank tests making matters worse

http://www.telegraph.co.uk/finance/...oothless-bank-tests-making-matters-worse.html

 

[coolhand]

Bartels Abandons Bullish Forecast for Stocks in U.S.: Technical Analysis

http://www.bloomberg.com/news/2010-...ast-for-stocks-in-u-s-technical-analysis.html

 

[coolhand]

Excessive Debt May Sink Global Stocks to Crisis Lows, Says First State

http://www.bloomberg.com/news/2010-...-down-34-to-crisis-lows-first-state-says.html

 

[coolhand]

The Massachusetts Health-Care 'Train Wreck'

http://online.wsj.com/article/SB100...61120760580.html?mod=WSJ_hpp_sections_opinion

 

[coolhand]

Older, More Educated Workers Are Getting Crushed By The Jobs Crisis

http://www.businessinsider.com/older-educated-workers-have-highest-length-of-unemployment-2010-7

 

[coolhand]

Small-stock index Russell 2000 in bear market

http://www.usatoday.com/money/markets/2010-07-07-mart07_ST_N.htm

 

[WorkFE]

You just crushed my hopes and dreams expressed in my thread CH, Find anything positive to post?:toung:

 

[coolhand]

You just crushed my hopes and dreams expressed in my thread CH, Find anything positive to post?:toung:

You know, I actually look for some of that, but it's very hard to find. I had to hold back on the number of articles that I'd otherwise post because it's just more negative stuff.

However, all this doom and gloom is supposed to put a floor under the market at some point. That's just how it works from a historical perspective, so in that context it can be viewed as a positive.

 

[coolhand]

A pro's perspective...

http://www.traders-talk.com/mb2/index.php?showtopic=121447

 

[WorkFE]

I feel better now. Thank you Sir.

 

[crws]

what do you make of the EU markets going on a tear?
I didn't see any headline smacking announcements.
Gold shifting back?

 

[Birchtree]

So Mary Ann Bartels has become a flip flopper - that's no surprise. The R2K being down 20.5% is also no surprise. Leadership is starting to change for the next leg up.

 

[coolhand]

what do you make of the EU markets going on a tear?
I didn't see any headline smacking announcements.
Gold shifting back?

Where are you seeing that? I'm not seeing it.

 

[coolhand]

So Mary Ann Bartels has become a flip flopper - that's no surprise. The R2K being down 20.5% is also no surprise. Leadership is starting to change for the next leg up.

I tend to agree with you. While it may not be an easy thing to do, I'm getting more bullish by the day based on the armageddon scenario.

 

[coolhand]

More great news...NOT.

http://broadcast.ino.com/education/sp500deathcrossaff/?campaignid=3

 

[crws]

Where are you seeing that? I'm not seeing it.

That's weird
Did their markets start late today?
Yahoo had yesterdays chart up, now today's starts at 2pm GST
-Nevermind

A Happy Picture for your Thread -again (for the dismayed & disillusioned):laugh:

 

[WorkFE]

No not good at all but it seems we poked through what was to be resistance (1040) fairly easy. What do you make of it?

 

[coolhand]

No not good at all but it seems we poked through what was to be resistance (1040) fairly easy. What do you make of it?

Be very careful here. This market has been highly deceptive for some time. While not all sentiment readings are bearish, a rally now may actually cause increased bearishness as many traders will probably doubt the ability of this market to rise more than moderately before succumbing to more selling pressure.

Will that happen?

I can't be sure, but it's a good bet. All we can do is watch day to day and see how things play out. The S&P 500 death cross may be a hook for the bears.