Black Monday

[ktm]

...and where is the demand? Gold is a different animal. Copper? Have we seen a big spike in Copper demand? Is there even any new anticipation that anyone will need THAT much more copper?

 

[Buy1Sell2]

Quote from DeepFried:

BTW, every investment advisor and his brother has been recommending commodities to receptive clients through the return starved years of the last bear market and into the recovery. Commodities appeal to the average schmoe who’s made most of his investment return of the last few years via his favorite hard asset – his house.

If any market's ripe for a brutal correction, it's the commodities markets and it's nice to see them getting spanked today. Tons upon TONS of cash have been thrown at the commodities markets and when the last umpteen interest rate hikes start to bite where are commodities going to go? Up? Hell no.

Long term, commodities will move upwards.

 

[krazykarl]

this is truly a corretion - not a reversal.


where is rennick and his crystal ball? the bulls will be back by week's end. timestamp it.

good luck all!

krazy.....OUT!

 

[Bitstream]

Quote from der_kommissar:

ya, da illiterate perma bull speaketh.

yupsy, da terrible predictor of gloom'n'doom is back in full gear harassin' da bulls....shall i remember u that we closed at highs today[?]

 

[Bitstream]

Quote from krazykarl:

this is truly a corretion - not a reversal.


where is rennick and his crystal ball? the bulls will be back by week's end. timestamp it.

good luck all!

krazy.....OUT!

economy is strong; we just had one of da best qt ever'n'u expect da winnin' team will allow da starvin' bears to take down this mkt for good...not a chance.

 

[DeepFried]

Quote from Buy1Sell2:

Long term, commodities will move upwards.

Maybe, but maybe not.

This does not look like a sustainable trend to me. Pork bellies don't grow to the sky.

 

[DeepFried]

Quote from ktm:

Is there even any new anticipation that anyone will need THAT much more copper?

I agree. There's a higher than normal degree of speculation in commodities right now. And we know how that ends. Anybody wanna buy a tulip?

 

[Adobian]

I've seen this before.

Even good news on the Crude oil didn't help much. Nas was down, SP up only a fraction. DJ was up but very average considered after two days of steep losses last week.

 

[Bitstream]

Quote from Adobian:

I've seen this before.

Even good news on the Crude oil didn't help much. Nas was down, SP up only a fraction. DJ was up but very average considered after two days of steep losses last week.

considerin' how much we fell overnite, at open'n'later its not bad at all,.....n'we closed at highs; da whole board was callin' for a crash friday, obvious that a down day was out of da question today. still, am confident that we won't tumble anytime soon...maybe some room lower but no much, it is also possible that even if those inflation numbers are badly recieved we won't have a big decline...most of da worries cud very well be already priced in.

 

[William Rennick]

Quote from William Rennick:

Most likely scenario. This being an option ex. week Monday morning likely to be scary enough to start a stampede of put buying. Then once the big boys come back from lunch it's show time. Perfect bear trap. Black Monday,,doubtful. More likely to be up 250 plus. That's my gut, I hope for my bear friends I'm wrong, but then the bulls will be dancing. So goes the Market

...Rennick

Wasn't exactly a bullseye, but once again the Amazing Rennick nails another one., as 90% of the ET geniuses were calling for Black Monday.

..Rennick out

ps. And yes Rick James is playing on my squack box, and yes I am doing the running man with hands clasped behind my head, throwing in my patented hitch kick.