Discuss Market Comments 04/18/11

The charts look bullish - Stocks rallied on Friday completing a week that saw a successful test of the 50-day moving average on many indices. The Dow gained 57-points on Friday, but lost 38-points for the week...

Market Commentary for 4/18/11

Current Daily Market Commentary

 

[Boghie]

But, the news is bearish

 

[tsptalk]

... and now the charts don't look so bullish.

 

[Boghie]

Yowser, Tom, just yowser...

It's amazing what a little news can do. I was looking to move assets around on a bump. I mean, we were looking at a little bump (at least during 'Dumb Money Hour') on the open. Now, I have to seriously look at locking in a loss.

And, where can one go?

Have you seen the Administrations response to this?

Amazing, just amazing.

The Black Swan takes flight!!!

 

[tsptalk]

It's sad if it is a political judgement, as the administration says, or if the it is being down-played for polical reasons. This "could" be serious but we won't know the truth because no one wants to say so.

I heard Steve Leesman (sp) on CNBC say that there no real threat of default. The feds could just keep printing money. So while we may not default, we could kill the dollar and pump up inflation.