Discuss Market Comments 05/13/11

Support hold while stocks battle the dollar - Stocks put in a nice reversal day yesterday after opening down near the lows of the day, and closing near the highs. The Dow ended the day up about 66-points...

Current Daily Market Commentary

Market Commentary for 5/13/11

 

[Cactus]

the S-fund fell 0.57%

What Happened??? When I left yesterday I was up about 0.5% in the S Fund. I can't make money here no matter what I do.

 

[tsptalk]

Everyone else's says it was up. Must be just you.

Just kidding. Thanks!

 

[dpmp]

Back to Friday level (on my money). LOL. So much for inverted H&S cartoon.

The dollar steadies at the 50-DMA. If it bumps back down, I'll stay. If it breaks above it, I'd be out for this month. Ain't that sad? Then again, sell in May is the motto and I'll take a vacation till... whenever.

That's a lot of if this and if that. The only thing I know is that helicopter ben is going to stop injecting the morphine, so naturally, there'd be some withdrawals to deal with. And that means the probability of market going down is much higher than going up.

 

[Birchtree]

You don't want to forget about the level of QE being pumped by Japan - some of that will help our economy. The Fed is still going to reinvest their profits so liquidity remains only at a lower level. Monetary policy performs with a lag and the economy is now front loaded.