It seems a "higher up" in the Goldman franchise has been hit by the SEC with Insider trading accusations. That rattled Wally Street because Goldman is the Street's "God" and this guy sits on the board of several major corporations. So there was some big panic real quick.
How all that works out is anyone's guess, but right now it's evident that Wall Street just got "scared" of more investigations.
Also, JPMorgan has about 10,000 law suites worth about 4.5 BILLION and counting ... could this be the next Lehm.
rrman - It's probably going to be all about Friday's jobs report. If the game plan is indeed another rug pull, they'll use the jobs report as the excuse. But between now and then, things should be sort of choppy. We are going to get "new money" that flies into the market because it's the first of the month. That's normal. But again there will be some that are looking at Friday's report with some fear and they'll shy away a bit. So we could see the animal spirits stay fairly strong today, but fade Wed/Thur in anticipation of Friday.
we're back to buying the dips on the /6e euro out of my long 1.3825 should make new highs this week...I don't trade the market but it looks the same to me...
Rrman Ive got the 10th and 18th as Bradley turns, and both of these should be pivot HIGHS makes the 14-15th as a pivot low turn just as the months energy graph shows Jay
16 comments:
internals look weak also
Jay,
What' the next?
looks like 1 day delay on the chart?
helge says we bounce here at noon central and then up into the end of week
Is it possible the FP for FAZ gets hit this week?
It seems a "higher up" in the Goldman franchise has been hit by the SEC with Insider trading accusations. That rattled Wally Street because Goldman is the Street's "God" and this guy sits on the board of several major corporations. So there was some big panic real quick.
How all that works out is anyone's guess, but right now it's evident that Wall Street just got "scared" of more investigations.
Also, JPMorgan has about 10,000 law suites worth about 4.5 BILLION and counting ... could this be the next Lehm.
rrman - It's probably going to be all about Friday's jobs report. If the game plan is indeed another rug pull, they'll use the jobs report as the excuse. But between now and then, things should be sort of choppy. We are going to get "new money" that flies into the market because it's the first of the month. That's normal. But again there will be some that are looking at Friday's report with some fear and they'll shy away a bit. So we could see the animal spirits stay fairly strong today, but fade Wed/Thur in anticipation of Friday.
GS & JPM only down $1.35 & 80c
Reza - that is the definition of FRAUD by the FED. Lets see what takes place this week. I am still looking for another 3-4% market down.
rrman
Does Helge say the downturn should start the 10th
FPS sp 132.68
Q 57.73
rest of none
Worm
Yes it looks like Monday & Tues FLIPPED places???
Dont know HOW or Why, but will try to figure it out.
Jay
Looks like it Jay
one day switch
THE NEXT SELL could COME on Thsday at 11am
Jay
Reza looks like the 7th a high and then 17/18 before any big down to me on helge
rrman
check email
we're back to buying the dips on the
/6e euro out of my long 1.3825 should make new highs this week...I don't trade the market but it looks the same to me...
Rrman
Ive got the 10th and 18th as Bradley turns, and both of these should be pivot HIGHS
makes the 14-15th as a pivot low turn just as the months energy graph shows
Jay
Post a Comment