Trader Talk

What About Friday's Markets?

"Great markets you can't buy, lousy markets you can't sell."

What about tomorrow (for the 100th time I have been asked today)?

Stocks are being sold as a source of need to break the pattern.

There's an old trader saw: "Great markets you can't buy, lousy markets you can't sell."

Traders need to think that some kind of bottom has been put in. I think you need to see Europe stabilize. You need overseas markets to have a semblance of normalcy.

A good sign would be Europe down early in the morning, but not down much — maybe 1 percent or so. If it's down 5 percent as we go into our (US) markets there will be little buying interest here.

Coincidence? I don't think so.

The current market cap of all stocks in the United States is $14.6 trillion; the current debt of the United States is...$14.6 trillion.

Rod Serling should be Secretary of the Treasury: "You are walking in that shadowy, foggy world that exists between the light of debt-free living and the darkness of QE 12, a world we call, 'The Twilight Zone.'"

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