Posts Tagged ‘Dow Jones’

I Need Coffee

It was a late morning. And no, it wasn’t because of ‘Super Bowl’ festivities.

I was just freaking tired.

Needless to say, I had to rush into the office. And that means no McDonalds coffee to wake my tired ass up.

I hope the market doesn’t hold that against me. But so far (three minutes into the open) the market is moving my way – DOWN.

Take a look at a chart of the Dow Jones. Notice anything fantastic?

It’s becoming overbought. And it’s about freaking time.

I’m sick of holding shorts and watching them lose money. It makes me want way more coffee then is humanly possible. And that couldn’t possibly be a good thing.

I’m not worried though. I’m still up pretty nicely for the year. And once this market starts taking a dump, I expect to be banking all the way down.

This Market’s Jacked Up!

Yesterday the Dow Jones goes up over 100 points and ends the day down 40.

Today the market opens down over 100 points and is now up over 100.

It’s finally become clear to me: This market is jacked up!

And I blame it all on the Fed. Had they not dropped interest rates, maybe, just maybe the stock market would still be falling.

I say we need a Black Friday type of crash. Something that scares the crap out of the cocky longs and makes them sell everything in a fit of panic.