Just Asking, from Gary Phillips
How can anybody in their right mind go home long spooz, over the weekend?
Cagdas Tuna writes:
I can say there is no panic or risk in this market. Spooz, Nazzy all at the levels where they were yesterday.
Ralph Vince writes:
Lot of people thinking 2020 will be another monster up year, despite earnings having flatlined for the S&P in recent months, a curve that has inverted and a deteriorating employment situation.
I'm still thinking 2020 will be a big up year (unless employment starts to hemorrhage - a 50/50 proposition right now). I'm only short because I'm looking for a serious (and technical) correction.
Incidentally, that's whats going on here - a technical, not news driven one. If it were the latter, the market would have responded on news last night, instead, it didn't, it terjiversated on the news, and the technicals ruled the night.
Gary Phillips writes:
Not so sure if complacency is a compelling reason to feel good about a long position, unless we're talking about bonds or gold.
Tuesday, (NY+4) has fairly good bearish seasonality, and could be another day where we see a geopolitical type catalyst
At least, my dark passenger is hoping so.
Ralph Vince writes:
I think you just have to be patient on his one. It;s a Miami landing in a July thunderstorm. Just keep the seat belt really tight and enjoy the bouncing around as it comes in.
Comments
none on January 8, 2020 11:15 am
well your not alone.
2020 targets:
iper Jaffray 3600
Oppenheimer (Stoltzfus) 3500+
Yardeni Research 3500
BTIG (Emanuel) 3450
Canaccord Genuity (Dwyer) 3440
CFRA (Stovall) 3435
Credit Suisse (Golub) 3425
J P Morgan Chase (Lakos-Bujas) 3400
Goldman Sachs (Kostin) 3400
Evercore ISI 3400
BMO (Belski) 3400
Wells Fargo 3388
Citigroup (Levkovich) 3375
RBC Capital Markets 3350
Scotiabank 3350
Ned Davis 3325
Jefferies 3300
Bank of America (Subramanian) 3300
Barclays (Deshpande) 3300
Stifel Nicolaus (Bannister) 3265
Deutsche Bank (Chadha) 3250
Societe Generale 3050
Morgan Stanley (Wilson) 3000
UBS 3000
None 14500 INDU
Yash on January 12, 2020 11:04 am
Ralph do you have a twitter handle