This is a blog dedicated to daytrading the market. Note: This isn't a solicitation for investments or should it be used as a basis for investing. Daytrading is risky and if you follow others advice, you could lose.
Friday, September 15, 2006
No Inflation!
We at least that is what we are being told. The straight up market continues as we get "as expected" cpi. I am selling into this though being we are up against a market high and we are too far too fast. Plus nobody is risk adverse right now. You have groups like housing flying. I guess they can just ignore that inventory build. Shows you fast money back and it is pure momemtum. Which is fine but overbought is overbought. Also, oil keeps dropping like a stone. Must be elections soon! Oh, yeah there is. Funny how the booming world economy was running out of oil 2 months ago and now when we are close to the November elections oil mysteriously drops like a lead balloon. Manipulation, games, govt involvment...nah
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