Holy CRAP

[CalTrader]

Quote from easyrider:

All the talking heads on the financial news pre market were saying we would sell off today. A sure sign not to short.

Well..... If you are listening to anyone in the media then its time to start thinking about another business.

Today is a great trading day with much money made and yet to be made. If you didn't expect todays action then you are doing something seriously wrong .....

 

[pspr]

Quote from easyrider:

All the talking heads on the financial news pre market were saying we would sell off today. A sure sign not to short.

Hmmm... That's not what I heard from CNBC. Before the report most of them were looking for better than 125K jobs. Then when the report came out with 21K they naturally called it a dissappointment.

Then, when Art Cashin gave his analysis, he said there were strong bids coming into the market when the S&P was just a point or two off the low. Should have listened to him.

 

[easyrider]

Dont watch cnbc. cnnfn people were bearish. Dont really pay much attention to what they say anyhow. Just want the numbers.

 

[dougcs]

Agree with the sentiment: Watch the market, don't watch CNBC.

DS

"The market is never wrong"
"The reason we have economic forecasts is that they make astrology respectable."

 

[waggie945]

Of all the morons and talking heads on CNBC, Art Cashin is without a doubt one of the calmest, shrewedst and smartest guys around.

If you listen to him very carefully, he will give you a great heads-up. Art is awesome.

 

[Mecro]

Quote from waggie945:

Try trading the ES lately?

hehe no way, too scared of it still. Gonna try Naz first.

Regardless of how well I did, there was so much money on the table just from NYSE alone. Check out ATH. I did not even trade, was too busy but have to recognize the sick moves.

Strange thing, I've been getting good fills in every trade. Cancels being respected also. I see the specialists just jumped at the chance to steal from the big boys and left the intradays alone.

 

[Gordon Gekko]

Quote from waggie945:

Of all the morons and talking heads on CNBC, Art Cashin is without a doubt one of the calmest, shrewedst and smartest guys around.

If you listen to him very carefully, he will give you a great heads-up. Art is awesome.

i don't really watch CNBC anymore, but when i did, i liked him a lot also. probably my favorite of all CNBC's commentators.

 

[range]

The last hour of trading today could be nuts as traders and investors tweak their positions before the weekend. Don't know which way the market will go.

 

[CPTrader]

Quote from CalTrader:

Well..... If you are listening to anyone in the media then its time to start thinking about another business.

Today is a great trading day with much money made and yet to be made. If you didn't expect todays action then you are doing something seriously wrong .....

Like what? Please explain!

 

[easyrider]

Quote from easyrider:

Dont watch cnbc. cnnfn people were bearish. Dont really pay much attention to what they say anyhow. Just want the numbers.

I did not mean dont watch cnbc. I meant I dont watch cnbc.