Do you know her? You should because as per US Govt. she is a
“Genius” worthy of special visa for individuals with extra-ordinary ability.
I am not joking. So far her “extraordinary ability” seems to
be limited to appearing in the Playboy magazine as their Miss November 2010. Her
name is Shera Bechard, the Canadian-born former girlfriend of Playboy
Enterprises founder Hugh Hefner. Now you know that America is in trouble.
And if we get time to look around, we may find “Fast and
Furious” that I wrote about yesterday is here on schedule. Did someone say that
there is no proof of month end window dressing? May be not but there is enough
proof of quarter ending window dressing. After the disappoint of no QE 3, it
was least they could do to goose up the books, so that the report to the
investors would not be that bad. And of course we have to recover the $5
billion that “Whale” lost sometimes back. Or is it $ 9 Billion. What do the
small differences matter anyway? It’s all free.
Somehow, we had advance information of these shenanigans and
we are not surprised. The 1365 level in the 1st week of July, which
I wrote about 15 days back, is almost here. In fact I would love to see it
reach 1380 by the end of the week. Because we also know what is next. Don’t be
surprised to see that mood has suddenly turned positive and folks start talking
about technical indicators giving buy signals. Although you cannot fool all the
people all the time, but when Government is on your side, rather when you own
the Government, you can come pretty close to that.
So let us enjoy this nice weekend in the grandeur of
delusion that we live in free democracy. At least we are lucky enough to buy
drinks and gamble as we wish with the food stamps. Isn’t it a great country or
what!
Thanks for sharing my take on the end game. Be safe out
there.
bb, you have to agree, she does have some really nice "extraordinary abilities" :) So I think america is doing just fine!
ReplyDeleteYou were spot on how market gonna rally - despite all crap and bs.
Now 1380 is no brainer, but they will try to push it to 1400...
Have a great weakened, man! Thanks for doing great job...
:) Yes she seems to have some extraordinary qualities! But it is already covered under NAFTA.
DeleteComing back to market, higher they push, better it is.
You also have a great weekend my friend.
Thanks for reading my nags.
Nice lady..
ReplyDeletewhy when I look at last 5 years, 29-30 of June, I do not see any pattern that there was any window dressing? for which years is it valid? thank you.
Do not look for repetitive chart patterns. Think like a big fund and then window dressing means reporting a nice number at quarter end.If index was at 1400 in March end, you would like it to be as close as possible in June end, more so in a down market. Quarter end Window dressing is subjective and depends on the requirements of each quarter, how high or low.
DeleteI do not think there is any chart pattern is which valid under all circumstances. Then we all would be rich by trading according to Stock Trader's Almanac.
so the plan is to short around 1380 area or do you think it's better to wait until the end of the week? Thanks!
ReplyDeleteThis is a short week. We would have basically 3 days trading.And market never goes up or down in one straight line. So may be we should take position in stages or stagger them over a period.
DeleteI will sent out Twitters as I see it.
Good job as always, thanks for your great insights and i love the fact that you are never disturbed by the market "noise" :)
ReplyDeleteThanks :) I try.
Delete