Written by The S&P 500 today yet again underperforms. It plunged 17 basis points and is on the verge of the ever critical 1300 level of support. The Dow has been red for 10 of the last 12 days if I am not mistaken. The ‘Buy The Dip’ people have basically taken a leave of absence. However, [...]
G’s Take on May17-2012: Within Bouncing Distance
G’s Take on May16-2012: Beware, The Ides of May
The daily tug of war between the bulls and the bears continue to sway into the bears’ favor. This is not surprising considering all the issues that we kept kicking down the road last year has finally come back to haunt us. People tend to look at things from a short term perspective. You keep [...]
G’s Premarket on May16-2012: EU News and US Data
I don’t usually wake up in the middle of the night to trade but in these surreal times, the trades are very compelling. Straight from Asian market reaction, Asia was deep in the red with the Nikkei and the Hang Seng off to session lows. Investors in Asia plunged key commodities like copper and oil [...]
G’s Take on May15-2012: Here We Go, AGAIN
truly nothing to write about since we are exactly where we are a year ago. We have all seen this before and we know the tune of this dance. Right now, the Greek drama coupled with the French election results and the global economic picture all combined to make the perfect storm for global markets. [...]
