How can anybody in their right mind go home long spooz, over the weekend?

Cagdas Tuna writes: 

I can say there is no panic or risk in this market. Spooz, Nazzy all at the levels where they were yesterday. 

Ralph Vince writes: 

Lot of people thinking 2020 will be another monster up year, despite earnings having flatlined for the S&P in recent months, a curve that has inverted and a deteriorating employment situation.

I'm still thinking 2020 will be a big up year (unless employment starts to hemorrhage - a 50/50 proposition right now). I'm only short because I'm looking for a serious (and technical) correction.

Incidentally, that's whats going on here - a technical, not news driven one. If it were the latter, the market would have responded on news last night, instead, it didn't, it terjiversated on the news, and the technicals ruled the night.

Gary Phillips writes: 

Not so sure if complacency is a compelling reason to feel good about a long position, unless we're talking about bonds or gold.

Tuesday, (NY+4) has fairly good bearish seasonality, and could be another day where we see a geopolitical type catalyst

At least, my dark passenger is hoping so.

Ralph Vince writes: 

I think you just have to be patient on his one. It;s a Miami landing in a July thunderstorm. Just keep the seat belt really tight and enjoy the bouncing around as it comes in.





Speak your mind

2 Comments so far

  1. none on January 8, 2020 11:15 am

    well your not alone.

    2020 targets:

    iper Jaffray 3600
    Oppenheimer (Stoltzfus) 3500+
    Yardeni Research 3500
    BTIG (Emanuel) 3450
    Canaccord Genuity (Dwyer) 3440
    CFRA (Stovall) 3435
    Credit Suisse (Golub) 3425
    J P Morgan Chase (Lakos-Bujas) 3400
    Goldman Sachs (Kostin) 3400
    Evercore ISI 3400
    BMO (Belski) 3400
    Wells Fargo 3388
    Citigroup (Levkovich) 3375
    RBC Capital Markets 3350
    Scotiabank 3350
    Ned Davis 3325
    Jefferies 3300
    Bank of America (Subramanian) 3300
    Barclays (Deshpande) 3300
    Stifel Nicolaus (Bannister) 3265
    Deutsche Bank (Chadha) 3250
    Societe Generale 3050
    Morgan Stanley (Wilson) 3000
    UBS 3000
    None 14500 INDU

  2. Yash on January 12, 2020 11:04 am

    Ralph do you have a twitter handle


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