{"id":4241,"date":"2011-04-28T07:12:42","date_gmt":"2011-04-28T12:12:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4241"},"modified":"2011-04-28T07:12:42","modified_gmt":"2011-04-28T12:12:42","slug":"before-the-open-apr-28-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4241","title":{"rendered":"Before the Open (Apr 28)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed. China lost more than 1%; Japan gained more than 1%. Europe is currently mixed with possibly a slight upward bias. Futures here in the States are flat, but this could change because I’m typing this almost 2 hours before the open.<\/span>
\nAt the beginning of last week when Standard & Poor’s lowered their outlook on the US debt from stable to negative, the market gapped down and sold off hard. Many believed a top had officially been put in place and at the very least a moderate correction underway. And here we are a little more than a week later the Dow, Nas and S&P are at new highs, and the Russell is very close. I’ve said it a million times, and I’ll say it again. You must trade what happens, not what you think should happen. The bears got it wrong again as they have several times the last two years. One of these days they’ll get it right, but look at the amazing opportunities they’ve missed over the years because they thought they were smarter than the market. Live and learn I guess. Don’t listen to me. Listen to your P&L.<\/span>
\nI spent the night in the hospital and will likely be taking my daughter home today…with an oxygen tank. It’s been a long week, and it’s not over yet. She knows something’s wrong, but that doesn’t make staying in hospital room attached to an oxygen tank easy. Her twin brother is getting very confused. His living the life of an only child – something he’s never experienced and doesn’t like. So at some point today I may (hopefully) disappear while in transit. Things won’t get back to normal until early next week, but the site will still be updated daily…I just haven’t been posting much on the message board during the day.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
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