A splendid night of sleep with moderately cool weather in Honolulu. Again, I couldn't stay up as the opening bell arrived (4:30 am). Dow Jones (+1%), Nasdaq (+0.7%) and S&P 400 (+0.9%) gave bulls a break from the erratic ups and downs, at least for Tuesday. Oil pulled back, stocks went up. Simple as that. Quadaffi is supposedly about to speak anytime in the next few minutes (hours?) from a hotel.
UCO traded lower (-1%) to 56.32 (afterhours). Silver took a small dip; EXK is down 3.9% to 9.80 AH. No surprise considering the incredible surge higher in the past week. Just a few weeks back, EXK was at 7.
NFLX took a big hit as news of potential streaming video on Facebook surfaced.
My favorites, AAPL and SLW, were relatively flat.
OK, now CNBC is saying Quadaffi left the hotel. Must not have liked the decor.
I remain 100% cash, in the rafters watching this game, binoculars at my side.
Tuesday reading
Zero Hedge: Charles Biderman on how the Fed continues to rig the market and why there will be a QE 3 and 4 (Mar 8 2011)
Chris Martenson via Zero Hedge: The Coming Rout (Mar 8 2011)
Energy from Thorium: China initiates Thorium MSR Project (Jan 30 2011)
No comments:
Post a Comment