Before the Open

Good morning. Happy Thursday. The Fed is in the rear view mirror. The market tends to reverse whatever reaction it has to the Fed the next day, but yesterday’s reaction wasn’t typical. Normally we get 30 minutes of choppy trading before a trending move materializes into the close. We would then reverse that trending move […]

Nouriel Roubini says a disaster has been averted but still sees a grimm economic outlook

Here’s a couple videos from tech ticker featuring Nouriel Roubini, Professor at NYU’s Stern School and chairman of RGE Monitor. Nouriel Roubini’s Three Reasons Why Stocks Are Bound to Fall Disaster Averted, But ‘Dr. Doom’ Still Sees Grim Economic Outlook Massive Govt. Spending Prevented a Depression, But “There Is No Free Lunch,” Roubini Says Roubini: […]

Before the Open

Good morning. Happy Tuesday. Yesterday the market closed within the bottom 20% of its intraday range, so odds favor yesterday’s low being taken out. The Asian/Pacific markets closed down across the board; Europe is up across the board. Futures here in the States suggest a gap up open. There are lots of smart market operators […]