Friday, May 18, 2012


Here's the requisite Facebook IPO acknowledgement since no one in the world can not talk about it.

Thursday, May 17, 2012


The interesting thing to me is the fear a couple years ago was Greece's problems would spread to Ireland and Portugal and then Spain and then Italy and then that would take the whole thing apart.  Isn't that's what's happening right now?  It's just in slow motion compared to the original idea that everything would unravel in months.  The ECB's different extend it programs changed the timeline but not the problem.  Fear seems to be tied more to velocity then actually outcomes.  Not sure if this is people having the time to hope for the best or more everyone's had time to process and accept the outcome instead of the panic high speed movement caused panic.  Either way we're still headed in the same direction people just don't seem as scared.

Friday, May 11, 2012

Night and Day

Almost a full 1% move in the first hour straight up.  This seems to be the new theme crash down overnight rally hard during the day.

Wednesday, May 9, 2012


Panic buying is an interesting thing.  Panic selling is people afraid of losing money "that's theirs" so panic selling comes from a place of not wanting to lose what you have.  Makes sense.  Panic buying is completely different and happens when you want to do something but don't and then watch the train start to move without you.  You don't want to lose the opportunity, the chance.  Ones based on fear the other's based on greed. Both normally end up poorly.

? Morning

Well that was a pretty quick 12, ok now 15, point run up off the bottom for the S&P.  People are just buying regardless right now so time to step off and let that crazy go by.

Friday, May 4, 2012

NFP Friday

Unemployment report wasn't good and now the S&P is off about 10 points.  The more interesting thing to me is the move down in oil.  With the Fed dual mandate of full employment and price stability they've been saying we cannot do a lot to try and reduce unemployment with inflation at the high end of their acceptable range.  But with oil prices moving down that can open up the easing window, so we're in that weird land of bad news maybe good news for stocks.

Thursday, May 3, 2012

New month

So for the first time in a while the S&P was down for the last month.  Not by much but GDP growth got pulled down, unemployment is looking worse so its back to bad news = stimulus and that's good.  Why its good for stocks I don't know.  It really depends on what happens QE3, tax cuts, job initiative each one plays out differently.