Categories

Login Status

You are not logged in.

Polls

Is Facebook overvalued at $40/share?

View Results

Loading ... Loading ...

Calendar

July 2017
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Stock Market morning review

                Today seems like a genuine positive day for the US stock market.  The US dollar is getting stronger and moving opposite to its trend of late.  Meaning that even though the dollar is up, the stock market is up pre market, and bonds are down.  The only trend that’s slightly holding is that oil and other commodities are slightly down.

                Obama re appointment of Bernanke is a definite plus for the stock market.  The last thing traders and investors need is have their optimism replaced by uncertainty and fear.  We at Alphas Edge however wish that they can find a way to replace unrealistic optimism with common sense.  The consent is that there is a high probability of a reversal today.  The stock market will probably start selling off around 10:00 to 10:30AM eastern time as Goldman Sachs trader’s cash in their recent gains.

                On the side note, we at Alphas Edge are still bearish.  The fourth quarter is going to disappoint and the unrealistic optimism will be smacked down by reality.  If the unemployment issue of this country is not addressed, we can see unemployment climb to 15% by the end of next year.  Naturally, no one in government or Wall Street are currently throwing that number around.  If they did, you would see the masses stampeed to the exit.

This content is restricted to site members. If you are an existing user, please login. New users may register below.

Existing Users Log In
 Remember Me  
New User Registration
*Required field

Comments are closed.