Smoking Securities

Half Baked High Finance

Monday Market Mumblings

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The market is showing signs of internal strength.
There are more bullish stocks above the 50dma with generally lower volatility.
Advancing volume is much heavier than declining volume.
Judging by these indicators and recent price action, the tape is saying up, up and away. We are still in a long term bear market, but there is no reason to short these rallies yet.

On a side note, those fuckers at Citigroup are my new heros. I want to fuck things up so badly that the government has to hand me billions of dollars, and yet, maintain a multimillion dollar salary. They just don’t teach that kind of shit at community college; long live the destroyers of wealth, for they give it value.

Written by chucklesamadeus

November 24, 2008 at 8:05 pm

Posted in SPX

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