TheFEDgavewhatmarketwantedbuttookawaythecertaintyofanotherratecut(italldatadependentfromnowonagain).Nowthatthesuspenseisgone,Itisthetimetodoarealitycheck.
Therearestillalotofbullsoutthere,thisissoevidentbythefactthattheanynewsisagoodnews.Everypieceofnewsisspinnedtofavorthebulls.
Techisstillstrong,itisbelievedthatthetechwillnotbeaffectedbythefinancialwoesandthelowerdollarwillhelptechexport....[
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Ok,tomorrowistheday.Eventhoughthereweremoreactionstodaythanexpected.
Themarketisknowntobevulnerabletotherumors,speculationslately.andtoday,theWSJspeculatethattheratecutbyFEDwasnotasurething,andmarketreacteddisappointedly.
Itbegsthequestionthenwhatcouldhappenifthatspeculationisreallytrue.Basedontoday\'sreaction,itisnotdifficulttoimaginethatthemarketisgoingtoselloff.
Theconventionalwisdo...[
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Donotconfusethatwithlovesong,ChairmanBen.Themarketiswaitingforyourdecision,moreprecisely,yourearlychristmasgift--theratecut.
Ifwehaveachoice,wecouldstrikeouttodayandtomorrowinthecalendarandfastforwardtotheWednesday.Yes,therearestilltradestobemade,but,overallthemarketisinasuspense.So,wecanforgetaboutbigup/downs.
Thatispreciselywhathappendtoday.Volumnislowacrosstheboard,thebigguysjustkeepthe...[
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Thecomingweekisgoingtobeexciting,notbecauseoftheHalloween,butbecausewewillhaveFOMCmeetingonWendneday,anJobreportFriday.Therearealsosomeinterestingearningreportsaswell.
TherearesomedoubtsaboutlastFriday\'srallyandthehealthofthemarketheadingintothenewweek.Themainquestionswereaboutthevolumn,andhi/lolistonNASDAQ.Also,SEMIisthelaggardsagain,hittingthelowthatwehavenotseensincetheendofApril.So,whatwi...[
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WhenWallStreetneedsrumorstopushthemarketonewayortheother,youknowthathowsplitedtheviewstothefutureare.Basically,thebullsandbearsareinastalmate,Theytrytouseanythingtogainanupperhand.Basedonthereactionstotherumorsinthelasttwodays,wemayconcludethatthereareprobablyjustalittlemorebullsthanbears,atleastfornow.
Yesterday,whenDOWwasdown200points,therumoraboutanemergencyratecutsavethedayandweprobablykno...[
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Foramoment,IthoughtIwaswatchingthegreatescapebyHoudini.
Intheearlygoing,ItlooksliketheBearfinallyhaditsacttogether.Justforoneday,itisreadytoslaythatdie-hardBulllikeamatador.Yetagain,somehow,somewhere,thebullsommonedupthecourage,fightingbackbravelyandescapethedaywithminimumdamage.
Myhatsofftothosebuyatdip.Eitheryouarerealgeninuesorextremelylucky.Eitherway,congraduationisintheorder.
Seem...[
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BearorBull,thatisthequestion?
Obviously,therearealotofbullishnesstodaythankstotheearningsfromappleandamericanexpress.Forthetimebeing,techisbull'sonlyhopeasevidencedbytheNASDAQclosetoitshighinquitesometime.Asmatteroffact,outofalltheindexes,onlyNASDAQlooksdecent.
However,thequestionsremain.
Istechstrongenough?therearesoftspotsinthetechaswell,TXNlooksbadintheirearning,andSMHhasbeenthelagg...[
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WhenMarketfollowupabiggainwithasmallloss,almostallofthecommentatorssaythatisgood.Afteragoodday,profittakingisexpected.Butwhenmarketfollowupabiglosswithasmallgain,everyoneisrelieved.Howso?Iwonder.FromBear\'spointofview,shouldn\'talittlebounceisexpectedafterabiglosstoo?
WhathaschangedbetweenTodayandFriday?
Theonlythingstrikesmethismorningisthattherearepalpalablefearatthetheopenning,Itlooksli...[
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ItisonlyfittingthattheBearswoninthedayofignominy.Afterall,whatcouldserveasabetterremindertotraders,experiencedandnoviceallalike,thatthemarketisnotwithoutrisks,andthattheroadtothesucessisfullofperils.
So,theoldwoundreopenedandnightmareenacted,buthowmuchistheconcidenceandhowmuchisfundamentallydriven?
Nodoubt,thedismayearningfromcat,3mandhoneywlllcontributemostlytotheFriday'sdeclines.Iti...[
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TheheadlinenewsisthattheDOWhasbeendown4daysinarow,thatprobablyhasnothappenedforsometime,butthingsaremuchbetterthantheheadlinenewssuggested.Eventhoughvolatilitywasveryalivetoday,ithasmoretodowithshakingoutweakhandthananythingelse.
Asobservedbefore,ifthemarketriseamidaslewofbadnews,normally,itmeansthatthetroublesarealreadybehindus,themarkethasdiscountedallthosebadnews.Thesamecanbesaidwhenthemark...[
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