Hoever, TM Toyota Motors is showing a sharp 3c reversal to the upside. The Dollar/Yen currency spat could have dramatic short term effects on US markets, but short term can often lead to a snowball as all is not well in the Home of the Brave.
Oh what a feeling! Toy.... Am I showing my age?
5 years ago
3 comments:
Looks like the mood on CNBC has changed. It has an slight negative tone this morning, traders talking about how we have reached the top of the range, probably down from here but not testing new lows. Fed EX is not shipping enough and had to lay off 1700 people. Maybe it is the Philly number's are going to help todays slide. Oh and by the way, last month the most homes seized by foreclosure and only 1/3 of all homes seized are actually on the market. A huge inventory waiting in the wings from homes to be sold and at different stages of foreclosure coming to the market.
2 consectutive quarters of negative info and the market rallies, right about the time the FED pomo money is hitting the market today. Let's hope the FED's money does't go far today and we reverse course. I think we need to look further into the planned reverse purchase dates and see what news is being released on those day or about that time. This might be a big eye opener!!!
Maybe I'm just a little impatient, but I don't see the need to screw with the longs anymore and try to keep encouraging them to jump in. Let the news do what it is suppose to. But of course, someone is jacking the EURO again.
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